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 company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of C$8.89, for a total value of C$93,028.60.

Fiera Capital Stock Performance

Fiera Capital stock opened at C$8.65 on Thursday. 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 company has a market capitalization of C$759.04 million, a PE ratio of 16.02, a P/E/G ratio of -0.87 and a beta of 1.64. The company has a 50 day moving average price of C$9.45 and a 200-day moving average price of C$8.54. Fiera Capital Co. has a fifty-two week low of C$6.18 and a fifty-two week high of C$10.92.

Fiera Capital (TSE:FSZ) last issued its earnings results on Thursday, November 7th. The company reported C$0.25 earnings per share 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 business had revenue of C$171.71 million during the quarter, compared to analyst estimates of C$163.10 million. As a group, equities analysts forecast that Fiera Capital Co. will post 1.0905563 earnings per share for the current year.

Fiera Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, November 19th were paid a $0.216 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This is a positive change from Fiera Capital’s previous quarterly dividend of $0.22. This represents a $0.86 dividend on an annualized basis and a yield of 9.99%. Fiera Capital’s dividend payout ratio is 159.26%.

Analysts Set New Price Targets

FSZ has been the topic of several recent research reports. National Bankshares increased their price target on 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 increased their target price on shares of Fiera Capital from C$8.50 to C$9.00 in a research note on Tuesday, October 29th. TD Securities lifted their price target on shares of Fiera Capital from C$9.00 to C$10.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Desjardins increased their price objective on shares of 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. Finally, CIBC boosted their target price on Fiera Capital from C$9.50 to C$11.00 in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, Fiera Capital has a consensus rating of “Hold” and a consensus price target 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.