Fiera Capital (TSE:FSZ) Given New C$11.00 Price Target at CIBC

Fiera Capital (TSE:FSZ) had its price target lifted by CIBC from C$9.50 to C$11.00 in a report published on Friday,BayStreet.CA reports.

A number of other brokerages have also weighed in on FSZ. National Bank Financial lowered shares of Fiera Capital from a “hold” rating to a “strong sell” rating in a report on Sunday, July 28th. TD Securities boosted their price target on Fiera Capital from C$9.00 to C$10.00 and gave the company a “hold” rating in a report on Friday. Desjardins raised their price objective on Fiera Capital from C$7.75 to C$9.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. National Bankshares upped their target price on Fiera Capital from C$8.00 to C$8.50 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets raised their price target on Fiera Capital from C$8.50 to C$9.00 in a research note on Tuesday, October 29th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$9.07.

Fiera Capital Trading Down 10.8 %

Shares of Fiera Capital stock traded down C$1.18 during trading on Friday, hitting C$9.72. The stock had a trading volume of 1,224,300 shares, compared to its average volume of 291,945. Fiera Capital has a 12 month low of C$4.77 and a 12 month high of C$10.92. The company has a debt-to-equity ratio of 259.56, a current ratio of 1.39 and a quick ratio of 1.05. The firm’s fifty day simple moving average is C$8.54 and its 200-day simple moving average is C$7.85. The stock has a market cap of C$852.93 million, a PE ratio of 18.00, a PEG 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 the consensus estimate 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, sell-side analysts expect that Fiera Capital will post 1.0905563 EPS for the current fiscal year.

Fiera Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, November 19th will be issued a $0.216 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This is an increase from Fiera Capital’s previous quarterly dividend of $0.22. This represents a $0.86 dividend on an annualized basis and a yield of 8.89%. Fiera Capital’s payout ratio is currently 159.26%.

Insider Activity

In related news, Senior Officer John Valentini sold 122,500 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$7.46, for a total transaction of C$913,347.75. In other Fiera Capital news, Senior Officer John Valentini sold 122,500 shares of Fiera Capital stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$7.46, for a total value of C$913,347.75. Also, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total value of C$73,049.00. In the last ninety days, insiders have sold 207,400 shares of company stock worth $1,601,622. Corporate insiders own 0.86% of the company’s stock.

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.