Fiera Capital Co. (TSE:FSZ) Given Consensus Rating of “N/A” by Brokerages

Fiera Capital Co. (TSE:FSZ) has received a consensus recommendation of “N/A” from the zero research firms that are presently covering the company, MarketBeat.com reports.

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

Fiera Capital Trading Up 0.3 %

Shares of FSZ opened at C$9.73 on Wednesday. Fiera Capital has a fifty-two week low of C$4.83 and a fifty-two week high of C$10.92. The business has a 50-day moving average of C$9.24 and a 200 day moving average of C$8.14. The firm has a market cap of C$853.81 million, a P/E ratio of 18.02, a price-to-earnings-growth 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.

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

Fiera Capital Increases Dividend

The business 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. 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. This represents a $0.86 annualized dividend and a yield of 8.88%. Fiera Capital’s payout ratio is presently 159.26%.

Insiders Place Their Bets

In related news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of C$7.30, for a total value of C$73,049.00. Also, Senior Officer John Valentini sold 28,000 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$8.57, for a total transaction of C$240,046.80. Insiders sold a total of 207,400 shares of company stock valued at $1,601,622 in the last quarter. Corporate insiders own 0.86% of the company’s stock.

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.