How Many Télévision Française 1 Société anonyme (EPA:TFI) Shares Do Institutions Own?

By
Simply Wall St
Published
January 10, 2022
ENXTPA:TFI
Source: Shutterstock

Every investor in Télévision Française 1 Société anonyme (EPA:TFI) should be aware of the most powerful shareholder groups. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. We also tend to see lower insider ownership in companies that were previously publicly owned.

Télévision Française 1 Société anonyme has a market capitalization of €1.9b, so we would expect some institutional investors to have noticed the stock. In the chart below, we can see that institutional investors have bought into the company. Let's take a closer look to see what the different types of shareholders can tell us about Télévision Française 1 Société anonyme.

Check out our latest analysis for Télévision Française 1 Société anonyme

ownership-breakdown
ENXTPA:TFI Ownership Breakdown January 10th 2022

What Does The Institutional Ownership Tell Us About Télévision Française 1 Société anonyme?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

As you can see, institutional investors have a fair amount of stake in Télévision Française 1 Société anonyme. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Télévision Française 1 Société anonyme's earnings history below. Of course, the future is what really matters.

earnings-and-revenue-growth
ENXTPA:TFI Earnings and Revenue Growth January 10th 2022

We note that hedge funds don't have a meaningful investment in Télévision Française 1 Société anonyme. Bouygues SA is currently the company's largest shareholder with 44% of shares outstanding. In comparison, the second and third largest shareholders hold about 8.6% and 5.1% of the stock.

A more detailed study of the shareholder registry showed us that 2 of the top shareholders have a considerable amount of ownership in the company, via their 52% stake.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.

Insider Ownership Of Télévision Française 1 Société anonyme

The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

Our most recent data indicates that insiders own less than 1% of Télévision Française 1 Société anonyme. Keep in mind that it's a big company, and the insiders own €36k worth of shares. The absolute value might be more important than the proportional share. It is good to see board members owning shares, but it might be worth checking if those insiders have been buying.

General Public Ownership

The general public, who are usually individual investors, hold a 25% stake in Télévision Française 1 Société anonyme. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.

Private Equity Ownership

With an ownership of 5.1%, private equity firms are in a position to play a role in shaping corporate strategy with a focus on value creation. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much. After some time they may look to sell and redeploy capital elsewhere.

Public Company Ownership

We can see that public companies hold 44% of the Télévision Française 1 Société anonyme shares on issue. It's hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it's worth watching this space for changes in ownership.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. For instance, we've identified 2 warning signs for Télévision Française 1 Société anonyme that you should be aware of.

If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

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