Guardian Capital Group (TSE:GCG) Hits New 12-Month High – What’s Next?

Shares of Guardian Capital Group Limited (TSE:GCG) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$67.29 and last traded at C$67.29, with a volume of 102 shares changing hands. The stock had previously closed at C$67.15.

Guardian Capital Group Price Performance

The stock has a market cap of C$1.64 billion, a price-to-earnings ratio of 8.93 and a beta of 1.13. The company’s 50-day moving average is C$66.89 and its 200-day moving average is C$54.26. The company has a quick ratio of 0.64, a current ratio of 0.80 and a debt-to-equity ratio of 14.08.

Guardian Capital Group (TSE:GCG) last released its quarterly earnings results on Thursday, November 13th. The financial services provider reported C$2.89 earnings per share for the quarter. Guardian Capital Group had a return on equity of 8.33% and a net margin of 37.41%.The firm had revenue of C$91.96 million during the quarter. Equities research analysts expect that Guardian Capital Group Limited will post 2.1803191 earnings per share for the current fiscal year.

Guardian Capital Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 17th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.3%. Guardian Capital Group’s payout ratio is 20.32%.

About Guardian Capital Group

Guardian Capital Group Ltd is a diversified financial services company. It operates in two main business areas, Asset Management and Financial Advisory. Guardian offers institutional and private wealth investment management services; financial services to international investors; services to financial advisors in its national mutual fund dealer, securities dealer, and insurance distribution network; and maintains and manages a proprietary investment portfolio.