Insider Selling: Fiera Capital Co. (TSE:FSZ) Insider Sells 10,467 Shares of 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 stock was sold at an average price of C$8.89, for a total value of C$93,028.60.

Fiera Capital Trading Down 2.1 %

Shares of Fiera Capital stock traded down C$0.19 during trading hours on Monday, reaching C$8.81. The stock had a trading volume of 253,369 shares, compared to its average volume of 189,647. The firm has a market capitalization of C$773.08 million, a price-to-earnings ratio of 16.31, a P/E/G ratio of -0.87 and a beta of 1.64. 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 Co. has a 1 year low of C$6.18 and a 1 year high of C$10.92. The firm has a 50 day simple moving average of C$9.51 and a two-hundred day simple moving average of C$8.53.

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

Fiera Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, November 19th were issued a dividend of $0.216 per share. This is an increase from Fiera Capital’s previous quarterly dividend of $0.22. This represents a $0.86 annualized dividend and a dividend yield of 9.81%. The ex-dividend date was Tuesday, November 19th. Fiera Capital’s dividend payout ratio (DPR) is presently 159.26%.

Wall Street Analysts Forecast Growth

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