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

Canaccord Genuity Group Inc. (TSE:CF) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Friday, November 29th will be paid 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 dividend yield of 3.13%. The ex-dividend date of this dividend is Friday, November 29th.

Canaccord Genuity Group Stock Up 1.1 %

Shares of TSE:CF opened at C$10.86 on Thursday. Canaccord Genuity Group has a 1-year low of C$6.53 and a 1-year high of C$10.93. The company has a debt-to-equity ratio of 52.93, a current ratio of 1.21 and a quick ratio of 1.05. The stock has a market cap of C$1.05 billion, a P/E ratio of -108.30, a P/E/G ratio of 0.54 and a beta of 1.61. The firm has a fifty day moving average price of C$9.66 and a 200 day moving average price of C$8.99.

Canaccord Genuity Group (TSE:CF) last announced its earnings results 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). The business had revenue of C$428.64 million for the quarter, compared to analyst estimates of C$440.60 million. Canaccord Genuity Group had a return on equity of 3.45% and a net margin of 0.18%. Sell-side analysts predict that Canaccord Genuity Group will post 0.8618357 EPS for the current year.

Analysts Set New Price Targets

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

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.