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

Fiera Capital Co. (TSE:FSZ) has received an average recommendation of “N/A” from the zero ratings firms that are presently covering the company, Marketbeat Ratings reports.

FSZ has been the topic of several research analyst reports. Desjardins lifted their target price on shares of 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. TD Securities increased 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. BMO Capital Markets lifted their price target on Fiera Capital from C$8.50 to C$9.00 in a research note on Tuesday, October 29th. CIBC increased their price objective on Fiera Capital from C$9.50 to C$11.00 in a research note on Friday, November 8th. Finally, National Bankshares upped 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 report on Wednesday, October 30th.

Insider Buying and Selling

In related news, 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 stock was sold at an average price of C$8.89, for a total value of C$93,028.60. 0.86% of the stock is owned by company insiders.

Fiera Capital Stock Performance

Shares of FSZ stock opened at C$8.44 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 259.56. Fiera Capital has a 12-month low of C$6.37 and a 12-month high of C$10.92. The business’s 50 day moving average is C$9.21 and its two-hundred day moving average is C$8.63. The company has a market capitalization of C$740.61 million, a P/E ratio of 15.63, a P/E/G ratio of -0.87 and a beta of 1.64.

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

Fiera Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, November 19th were given a dividend of $0.216 per share. This is a boost from Fiera Capital’s previous quarterly dividend of $0.22. The ex-dividend date was Tuesday, November 19th. This represents a $0.86 annualized dividend and a dividend yield of 10.24%. Fiera Capital’s payout ratio is presently 159.26%.

Fiera Capital Company Profile

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.