Canaccord Genuity Group Inc (TSE:CF)’s share price dropped 0.9% during mid-day trading on Thursday . The stock traded as low as C$6.49 and last traded at C$6.55. Approximately 298,247 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 485,876 shares. The stock had previously closed at C$6.49.

Separately, TD Securities cut their price objective on Canaccord Genuity Group from C$7.00 to C$6.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th.

The firm has a market cap of $736.69, a PE ratio of 50.38 and a beta of 1.24.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a $0.01 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.04 annualized dividend and a yield of 0.61%. Canaccord Genuity Group’s payout ratio is 15.38%.

In other news, Director Marcus Geoffrey John Freeman bought 13,300 shares of the stock in a transaction dated Tuesday, November 14th. The stock was bought at an average cost of C$4.34 per share, with a total value of C$57,722.00. Also, Director Daniel Joseph Daviau bought 100,000 shares of the stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average cost of C$4.31 per share, with a total value of C$431,000.00. In the last quarter, insiders acquired 207,500 shares of company stock valued at $919,216.

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About Canaccord Genuity Group

Canaccord Genuity Group Inc is a Canada-based independent financial services company. The Company has operations in two principal segments of the securities industry: wealth management and capital markets. The Company’s segments include Canaccord Genuity, Canaccord Genuity Wealth Management, and Corporate and Other.

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