Canaccord Genuity Group Inc. (TSE:CF) Plans Quarterly Dividend of $0.09

Canaccord Genuity Group Inc. (TSE:CF) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.085 per share by the financial services provider on Tuesday, December 10th. This represents a $0.34 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Friday, November 29th.

Canaccord Genuity Group Stock Up 1.1 %

TSE CF opened at C$10.86 on Thursday. The business’s fifty day simple moving average is C$9.66 and its 200-day simple moving average is C$8.99. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 52.93. The firm has a market cap of C$1.05 billion, a PE ratio of -108.30, a P/E/G ratio of 0.54 and a beta of 1.61. Canaccord Genuity Group has a 52 week low of C$6.53 and a 52 week high of C$10.93.

Canaccord Genuity Group (TSE:CF) last issued its quarterly earnings data on Thursday, November 7th. The financial services provider reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.22 by C($0.02). Canaccord Genuity Group had a return on equity of 3.45% and a net margin of 0.18%. The business had revenue of C$428.64 million during the quarter, compared to analysts’ expectations of C$440.60 million. As a group, equities analysts anticipate that Canaccord Genuity Group will post 0.8618357 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CF shares. Cormark raised their price target on Canaccord Genuity Group from C$11.50 to C$12.50 in a research report on Tuesday, November 12th. Raymond James lifted their target price on Canaccord Genuity Group from C$11.00 to C$13.00 in a research report on Monday, November 11th. Ventum Financial increased their target price on shares of Canaccord Genuity Group from C$10.25 to C$12.00 in a report on Monday, November 11th. Ventum Cap Mkts raised Canaccord Genuity Group to a “strong-buy” rating in a research note on Monday, August 12th. Finally, TD Securities increased their price target on Canaccord Genuity Group from C$10.00 to C$12.00 in a research report on Tuesday, November 12th.

About Canaccord Genuity Group

Canaccord Genuity Group Inc operates as a full-service investment dealer in Canada, the United States, the United Kingdom, Europe, Crown Dependencies, and Australia. It operates through two segments: Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, and trading services for corporate, institutional, and government clients.