Canaccord Genuity Group Inc. (TSE:CF) had its price objective trimmed by TD Securities from C$7.00 to C$6.00 in a research note issued to investors on Wednesday morning. The brokerage currently has a buy rating on the financial services provider’s stock.

Canaccord Genuity Group (CF) opened at C$4.28 on Wednesday. Canaccord Genuity Group has a 52 week low of C$3.67 and a 52 week high of C$6.68.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, November 30th. Canaccord Genuity Group’s payout ratio is 5.26%.

In related news, Director Dvaipayan Ghose sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of C$5.00, for a total transaction of C$50,000.00. Also, Director Daniel Joseph Daviau purchased 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were purchased at an average price of C$4.31 per share, with a total value of C$431,000.00.

Canaccord Genuity Group Company Profile

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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