Fiera Capital Co. (TSE:FSZ) Declares $0.22 Quarterly Dividend

Fiera Capital Co. (TSE:FSZGet Free Report) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Stockholders of record on Monday, May 20th will be paid a dividend of 0.215 per share on Thursday, June 20th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 11.99%. The ex-dividend date of this dividend is Thursday, May 16th.

Fiera Capital Price Performance

Shares of TSE FSZ opened at C$7.17 on Tuesday. Fiera Capital has a twelve month low of C$4.32 and a twelve month high of C$8.75. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 228.52. The company has a market capitalization of C$9.68 million, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of -0.87 and a beta of 0.85. The business has a 50 day simple moving average of C$7.81 and a 200-day simple moving average of C$6.69.

Fiera Capital (TSE:FSZGet Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.37 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.30 by C$0.07. Fiera Capital had a return on equity of 19.66% and a net margin of 8.51%. The business had revenue of C$210.97 million during the quarter, compared to the consensus estimate of C$203.10 million. As a group, equities research analysts expect that Fiera Capital will post 0.9706704 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on FSZ shares. BMO Capital Markets downgraded Fiera Capital from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from C$8.00 to C$8.50 in a research note on Thursday, February 29th. TD Securities boosted their price target on Fiera Capital from C$7.50 to C$8.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. Royal Bank of Canada boosted their price target on Fiera Capital from C$6.00 to C$7.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 29th. Desjardins boosted their price target on Fiera Capital from C$6.50 to C$7.25 and gave the stock a “hold” rating in a research report on Thursday, February 29th. Finally, CIBC reduced their price target on Fiera Capital from C$8.25 to C$7.25 and set a “neutral” rating for the company in a research report on Friday, April 26th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$7.71.

Read Our Latest Stock Report on FSZ

Insider Activity

In other news, Senior Officer John Valentini sold 61,600 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of C$7.88, for a total value of C$485,432.64. Insiders own 0.88% of the company’s stock.

Fiera Capital Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Fiera Capital (TSE:FSZ)

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