Canaccord Genuity Group (TSE:CF) Director Donald Duncan Macfayden Sells 29,000 Shares of Stock

Canaccord Genuity Group Inc. (TSE:CF) Director Donald Duncan Macfayden sold 29,000 shares of Canaccord Genuity Group stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of C$14.82, for a total transaction of C$429,780.00. Following the sale, the director directly owned 161,705 shares in the company, valued at C$2,396,468.10. The trade was a 15.21% decrease in their position.

Donald Duncan Macfayden also recently made the following trade(s):

• On Tuesday, June 23rd, Donald Duncan Macfayden sold 20,000 shares of Canaccord Genuity Group stock. The shares were sold at an average price of C$14.59, for a total transaction of C$291,800.00.

Canaccord Genuity Group Trading Down 1.8%

CF stock traded down C$0.26 during trading on Wednesday, reaching C$14.26. The company had a trading volume of 156,474 shares, compared to its average volume of 194,976. Canaccord Genuity Group Inc. has a 52 week low of C$9.01 and a 52 week high of C$15.12. The company has a market cap of C$1.43 billion, a P/E ratio of -9.83, a PEG ratio of 0.54 and a beta of 1.32. The business has a 50 day moving average of C$12.98 and a 200 day moving average of C$12.29. The company has a debt-to-equity ratio of 104.59, a current ratio of 1.14 and a quick ratio of 1.05.

Canaccord Genuity Group (TSE:CF) last issued its quarterly earnings data on Wednesday, June 3rd. The financial services provider reported C$0.48 EPS for the quarter. The business had revenue of C$612.69 million during the quarter. Canaccord Genuity Group had a negative net margin of 5.94% and a negative return on equity of 17.40%. As a group, sell-side analysts forecast that Canaccord Genuity Group Inc. will post 0.8618357 earnings per share for the current fiscal year.

Canaccord Genuity Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, June 19th. Canaccord Genuity Group’s dividend payout ratio (DPR) is presently -23.45%.

Analyst Upgrades and Downgrades

Separately, Ventum Financial lifted their price target on Canaccord Genuity Group from C$15.50 to C$16.50 and gave the company a “buy” rating in a research report on Friday, June 5th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$16.25.

About Canaccord Genuity Group

Canaccord Genuity Group Inc, a full-service financial services company, provides investment products, and investment banking and brokerage services to institutional, corporate, and private clients. It operates in two segments, Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, merger and acquisition, sales, and trading services. The Canaccord Genuity Wealth Management segment provides wealth management solutions, and brokerage and financial planning services to individual investors, private clients, charities, and intermediaries.