Fiera Capital Co. (TSE:FSZ - Get Free Report) Senior Officer John Valentini sold 61,600 shares of the business's stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of C$7.88, for a total value of C$485,432.64.
Fiera Capital Stock Down 2.3 %
Shares of FSZ opened at C$7.48 on Tuesday. The firm's 50 day moving average is C$7.99 and its 200-day moving average is C$6.49. The stock has a market capitalization of C$640.96 million, a PE ratio of 14.96, a P/E/G 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. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 228.52.
Fiera Capital (TSE:FSZ - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.37 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of C$210.97 million for the quarter, compared to analysts' expectations of C$203.10 million. Equities research analysts forecast that Fiera Capital Co. will post 0.9695122 EPS for the current year.
Fiera Capital Announces Dividend
Has Jeff Bezos Found the Next Nvidia?
From InvestorPlace | Ad
If you’ve sat back and watched companies like Nvidia and AMD soar over 2,000% over the past several years…
And wondered what was next…
This is a fast-moving story, but if you want the chance to profit alongside Jeff Bezos in the next big tech trend, go ahead and…
Click Here for Full Details
The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were issued a $0.215 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.86 annualized dividend and a yield of 11.50%. Fiera Capital's payout ratio is 172.00%.
Hedge Funds Weigh In On Fiera Capital
Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG raised its holdings in shares of Fiera Capital by 176.6% during the fourth quarter. UBS Group AG now owns 1,848 shares of the company's stock valued at $101,000 after purchasing an additional 1,180 shares during the period. Advisor Group Holdings Inc. raised its holdings in shares of Fiera Capital by 3,585.5% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,801 shares of the company's stock valued at $154,000 after purchasing an additional 2,725 shares during the period. Credit Suisse AG raised its holdings in shares of Fiera Capital by 196.0% during the third quarter. Credit Suisse AG now owns 4,153 shares of the company's stock valued at $192,000 after purchasing an additional 2,750 shares during the period. Bank of America Corp DE raised its holdings in shares of Fiera Capital by 170.6% during the first quarter. Bank of America Corp DE now owns 4,249 shares of the company's stock valued at $275,000 after purchasing an additional 2,679 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of Fiera Capital by 16.6% during the fourth quarter. LPL Financial LLC now owns 7,305 shares of the company's stock valued at $401,000 after purchasing an additional 1,042 shares during the period. Institutional investors and hedge funds own 17.87% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have commented on FSZ. TD Securities upped their target price on shares of Fiera Capital from C$7.50 to C$8.00 and gave the company a "hold" rating in a research report on Friday, March 1st. CIBC upped their price objective on shares of Fiera Capital from C$7.00 to C$8.25 and gave the company a "neutral" rating in a research report on Thursday, February 29th. Desjardins upped their price objective on shares of Fiera Capital from C$6.50 to C$7.25 and gave the company a "hold" rating in a research report on Thursday, February 29th. Scotiabank upped their price objective on shares of Fiera Capital from C$7.00 to C$8.00 and gave the company a "sector perform" rating in a research report on Thursday, February 29th. Finally, Royal Bank of Canada upped their price objective on shares of Fiera Capital from C$6.00 to C$7.00 and gave the company a "sector perform" rating in a research report on Thursday, February 29th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of C$7.79.
Get Our Latest Stock Analysis on FSZ
Fiera Capital Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
