Fiera Capital Co. (TSE:FSZ) Declares Quarterly Dividend of $0.22

Fiera Capital Co. (TSE:FSZGet Free Report) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Monday, May 20th will be paid a dividend of 0.215 per share on Thursday, June 20th. This represents a $0.86 annualized dividend and a yield of 11.80%. The ex-dividend date is Thursday, May 16th.

Fiera Capital Trading Down 1.2 %

Shares of FSZ traded down C$0.09 during mid-day trading on Wednesday, reaching C$7.29. The company had a trading volume of 59,002 shares, compared to its average volume of 291,343. The stock has a market cap of C$9.84 million, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of -0.87 and a beta of 0.85. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 228.52. The firm has a fifty day simple moving average of C$7.76 and a 200-day simple moving average of C$6.73. Fiera Capital has a fifty-two week low of C$4.32 and a fifty-two week high of C$8.75.

Fiera Capital (TSE:FSZGet Free Report) last posted its earnings results on Wednesday, February 28th. The company reported C$0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.30 by C$0.07. The business had revenue of C$210.97 million during the quarter, compared to analyst estimates of C$203.10 million. Fiera Capital had a return on equity of 19.66% and a net margin of 8.51%. On average, sell-side analysts anticipate that Fiera Capital will post 0.9706704 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer John Valentini sold 61,600 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of C$7.88, for a total transaction of C$485,432.64. Corporate insiders own 0.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Scotiabank raised their price target on shares of Fiera Capital from C$8.00 to C$8.50 in a research report on Thursday, May 9th. CIBC cut their target price on shares of Fiera Capital from C$8.25 to C$7.25 and set a “neutral” rating on the stock in a research note on Friday, April 26th. BMO Capital Markets downgraded Fiera Capital from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from C$8.00 to C$8.50 in a research note on Thursday, February 29th. National Bankshares raised their price objective on Fiera Capital from C$6.00 to C$7.50 and gave the stock a “sector perform” rating in a research note on Thursday, February 29th. Finally, TD Securities boosted their target price on shares of Fiera Capital from C$7.50 to C$8.00 and gave the company a “hold” rating in a research note on Friday, March 1st. Seven research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$7.71.

Read Our Latest Analysis on FSZ

Fiera Capital Company Profile

(Get Free Report)

Fiera Capital Corporation is an employee owned investment manager. The firm primarily provides its services to institutional investors, mutual funds, charitable organizations, and private clients. It manages separate client-focused equity, fixed income, and balanced portfolios. The firm also launches and manages equity, fixed income, and balanced mutual funds and income trusts for its clients.

See Also

Dividend History for Fiera Capital (TSE:FSZ)

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