Fiera Capital Co. (TSE:FSZ) Insider Sells C$93,028.60 in Stock

Fiera Capital Co. (TSE:FSZ) insider FIERA CAPITAL S.E.C. sold 10,467 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of C$8.89, for a total value of C$93,028.60.

Fiera Capital Stock Down 1.7 %

FSZ stock opened at C$8.66 on Wednesday. The stock has a market capitalization of C$759.92 million, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The company has a 50-day moving average of C$9.50 and a two-hundred day moving average of C$8.54. Fiera Capital Co. has a 52-week low of C$6.18 and a 52-week high of C$10.92. The company has a debt-to-equity ratio of 259.56, a current ratio of 1.39 and a quick ratio of 1.05.

Fiera Capital (TSE:FSZ) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.19 by C$0.06. The company had revenue of C$171.71 million for the quarter, compared to the consensus estimate of C$163.10 million. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. As a group, equities research analysts anticipate that Fiera Capital Co. will post 1.0905563 EPS for the current year.

Fiera Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, November 19th were given a $0.216 dividend. This represents a $0.86 annualized dividend and a yield of 9.98%. The ex-dividend date of this dividend was Tuesday, November 19th. This is a boost from Fiera Capital’s previous quarterly dividend of $0.22. Fiera Capital’s payout ratio is 159.26%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FSZ shares. CIBC raised their price objective on shares of Fiera Capital from C$9.50 to C$11.00 in a research report on Friday, November 8th. National Bankshares raised their price target on shares of Fiera Capital from C$8.00 to C$8.50 and gave the company an “underperform” rating in a report on Wednesday, October 30th. BMO Capital Markets upped their price objective on shares of Fiera Capital from C$8.50 to C$9.00 in a report on Tuesday, October 29th. TD Securities raised their target price on Fiera Capital from C$9.00 to C$10.00 and gave the company a “hold” rating in a report on Friday, November 8th. Finally, Desjardins upped their price target on Fiera Capital from C$7.75 to C$9.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$9.07.

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.