Fiera Capital Co. (TSE:FSZ) Senior Officer Sells C$485,432.64 in Stock

Fiera Capital Co. (TSE:FSZ) Senior Officer John Valentini sold 61,600 shares of Fiera Capital stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of C$7.88, for a total transaction of C$485,432.64.

Fiera Capital Stock Performance

Shares of FSZ stock opened at C$7.38 on Thursday. 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 firm has a fifty day moving average price of C$7.99 and a 200 day moving average price of C$6.50. The company has a market cap of C$632.39 million, a P/E ratio of 14.76, a PEG ratio of -0.87 and a beta of 1.66. Fiera Capital Co. has a 12 month low of C$4.32 and a 12 month high of C$8.75.

Fiera Capital (TSE:FSZ) last issued its earnings results on Wednesday, February 28th. The company reported C$0.37 EPS for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.07. Fiera Capital had a net margin of 8.51% and a return on equity of 19.66%. The firm had revenue of C$210.97 million during the quarter, compared to the consensus estimate of C$203.10 million. Sell-side analysts predict that Fiera Capital Co. will post 0.9695122 earnings per share for the current fiscal year.

Fiera Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were given a $0.215 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.86 dividend on an annualized basis and a yield of 11.65%. Fiera Capital’s dividend payout ratio (DPR) is presently 172.00%.

Institutional Investors Weigh In On Fiera Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG lifted its position in Fiera Capital by 176.6% in the fourth quarter. UBS Group AG now owns 1,848 shares of the company’s stock valued at $101,000 after acquiring an additional 1,180 shares during the last quarter. Advisor Group Holdings Inc. lifted its position in Fiera Capital by 3,585.5% in the fourth quarter. Advisor Group Holdings Inc. now owns 2,801 shares of the company’s stock valued at $154,000 after acquiring an additional 2,725 shares during the last quarter. Credit Suisse AG lifted its position in Fiera Capital by 196.0% in the third quarter. Credit Suisse AG now owns 4,153 shares of the company’s stock valued at $192,000 after acquiring an additional 2,750 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Fiera Capital by 170.6% in the first quarter. Bank of America Corp DE now owns 4,249 shares of the company’s stock valued at $275,000 after buying an additional 2,679 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Fiera Capital by 16.6% in the fourth quarter. LPL Financial LLC now owns 7,305 shares of the company’s stock valued at $401,000 after buying an additional 1,042 shares during the last quarter. 17.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Scotiabank boosted their price target on shares of Fiera Capital from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 29th. National Bankshares boosted their price target on shares of Fiera Capital from C$6.00 to C$7.50 and gave the stock a “sector perform” rating in a research note on Thursday, February 29th. Desjardins boosted their price target on shares of Fiera Capital from C$6.50 to C$7.25 and gave the stock a “hold” rating in a research note on Thursday, February 29th. CIBC boosted their price target on shares of Fiera Capital from C$7.00 to C$8.25 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Finally, TD Securities boosted their price target on shares of Fiera Capital from C$7.50 to C$8.00 and gave the stock a “hold” rating in a research note on Friday, March 1st. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$7.79.

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.