Agrium Inc. (AGU) Shares Bought by Stifel Financial Corp

Stifel Financial Corp raised its holdings in Agrium Inc. (NYSE:AGU) (TSE:AGU) by 6.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,141 shares of the basic materials company’s stock after buying an additional 2,006 shares during the quarter. Stifel Financial Corp’s holdings in Agrium were worth $3,005,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Voya Investment Management LLC raised its stake in Agrium by 11.1% in the second quarter. Voya Investment Management LLC now owns 5,887 shares of the basic materials company’s stock valued at $533,000 after buying an additional 589 shares during the last quarter. Ontario Teachers Pension Plan Board raised its stake in Agrium by 11.5% in the second quarter. Ontario Teachers Pension Plan Board now owns 36,489 shares of the basic materials company’s stock valued at $3,302,000 after buying an additional 3,772 shares during the last quarter. Cobalt Capital Management Inc. purchased a new stake in Agrium in the second quarter valued at about $1,810,000. Epoch Investment Partners Inc. raised its stake in Agrium by 2.3% in the second quarter. Epoch Investment Partners Inc. now owns 1,310,462 shares of the basic materials company’s stock valued at $118,584,000 after buying an additional 28,949 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Agrium by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 217,269 shares of the basic materials company’s stock valued at $19,661,000 after buying an additional 6,290 shares during the last quarter. Institutional investors own 66.41% of the company’s stock.

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A number of equities research analysts have commented on AGU shares. AltaCorp Capital reiterated a “sector perform” rating on shares of Agrium in a research note on Thursday, June 22nd. Royal Bank Of Canada increased their price target on Agrium from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, September 15th. Scotiabank upgraded Agrium from a “sector perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research note on Monday, July 10th. TD Securities upgraded Agrium from a “hold” rating to a “buy” rating and increased their price target for the company from $102.00 to $134.00 in a research note on Thursday, September 28th. Finally, Zacks Investment Research cut Agrium from a “hold” rating to a “sell” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. Agrium currently has a consensus rating of “Hold” and a consensus price target of $112.50.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Investors of record on Friday, September 29th will be given a $0.875 dividend. This represents a $3.50 annualized dividend and a yield of 3.30%. The ex-dividend date is Thursday, September 28th. Agrium’s dividend payout ratio (DPR) is presently 84.34%.

Agrium Profile

Agrium Inc is a retailer of agricultural products and services in the United States, Canada, Australia, Argentina, Brazil, Chile and Uruguay and a multi-national producer and wholesale marketer of nutrients for agricultural and industrial markets. The Company’s segments include Retail and Wholesale. As of December 31, 2016, its Retail business unit marketed crop nutrients, crop protection products, seed, merchandise, application and other agronomic services through 1,500 retail locations in the United States, Canada, Australia, Argentina, Brazil, Chile and Uruguay.

Institutional Ownership by Quarter for Agrium (NYSE:AGU)

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