Fiera Capital Co. (TSE:FSZ) Receives Average Recommendation of “N/A” from Brokerages

Shares of Fiera Capital Co. (TSE:FSZ) have been given a consensus recommendation of “N/A” by the zero ratings firms that are currently covering the company, Marketbeat reports.

FSZ has been the subject of several analyst reports. BMO Capital Markets raised their price target on shares of Fiera Capital from C$8.50 to C$9.00 in a research note on Tuesday, October 29th. Desjardins upped their target price on Fiera Capital from C$7.75 to C$9.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. CIBC raised their price objective on Fiera Capital from C$9.50 to C$11.00 in a research note on Friday, November 8th. National Bankshares lifted their target price on shares of Fiera Capital from C$8.00 to C$8.50 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. Finally, TD Securities increased their price target on Fiera Capital from C$9.00 to C$10.00 and gave the company a “hold” rating in a research report on Friday, November 8th.

Insider Activity

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total value of C$73,049.00. Also, Senior Officer John Valentini sold 122,500 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$7.46, for a total transaction of C$913,347.75. Insiders have sold a total of 207,400 shares of company stock valued at $1,601,622 over the last quarter. Company insiders own 0.86% of the company’s stock.

Fiera Capital Stock Performance

TSE FSZ opened at C$9.74 on Wednesday. Fiera Capital has a fifty-two week low of C$4.98 and a fifty-two week high of C$10.92. The stock has a market cap of C$854.69 million, a PE ratio of 18.04, a PEG ratio of -0.87 and a beta of 1.64. The company has a debt-to-equity ratio of 259.56, a quick ratio of 1.05 and a current ratio of 1.39. The firm’s fifty day moving average price is C$9.31 and its two-hundred day moving average price is C$8.17.

Fiera Capital (TSE:FSZ) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$0.25 EPS for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.06. Fiera Capital had a return on equity of 22.95% and a net margin of 8.97%. The firm had revenue of C$171.71 million for the quarter, compared to analyst estimates of C$163.10 million. On average, equities analysts expect that Fiera Capital will post 1.0905563 EPS for the current fiscal year.

Fiera Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, November 19th will be given a dividend of $0.216 per share. This represents a $0.86 dividend on an annualized basis and a yield of 8.87%. The ex-dividend date of this dividend is Tuesday, November 19th. This is a positive change from Fiera Capital’s previous quarterly dividend of $0.22. Fiera Capital’s dividend payout ratio (DPR) is currently 159.26%.

About Fiera Capital

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.