Fiera Capital (TSE:FSZ) Price Target Lowered to C$10.00 at Scotiabank

Fiera Capital (TSE:FSZ) had its target price trimmed by Scotiabank from C$10.50 to C$10.00 in a report published on Thursday morning,BayStreet.CA reports.

FSZ has been the subject of a number of other research reports. TD Securities lifted their price target on Fiera Capital from C$9.00 to C$10.00 and gave the stock a “hold” rating in a report on Friday, November 8th. National Bankshares upped their price target on shares of Fiera Capital from C$8.00 to C$8.50 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. CIBC upped their price target on shares of Fiera Capital from C$9.50 to C$11.00 in a research report on Friday, November 8th. Desjardins increased their price objective on shares of 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. Finally, BMO Capital Markets increased their price objective on shares of 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$8.93.

Fiera Capital Trading Up 1.7 %

FSZ stock opened at C$7.97 on Thursday. The stock has a market capitalization of C$699.37 million, a price-to-earnings ratio of 14.76, a P/E/G ratio of -0.87 and a beta of 1.64. 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 business has a fifty day moving average price of C$9.00 and a 200 day moving average price of C$8.64. Fiera Capital has a fifty-two week low of C$6.58 and a fifty-two week high of C$10.92.

Fiera Capital (TSE:FSZ) last posted its earnings results on Thursday, November 7th. The company reported C$0.25 earnings per share for the quarter, topping 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 firm had revenue of C$171.71 million for the quarter, compared to analyst estimates of C$163.10 million. Analysts expect that Fiera Capital will post 1.0905563 EPS for the current fiscal year.

Fiera Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, November 19th were issued a dividend of $0.216 per share. This is a boost from Fiera Capital’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 10.84%. Fiera Capital’s dividend payout ratio is presently 159.26%.

Insider Activity at Fiera Capital

In other news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of C$8.89, for a total value of C$93,028.60. 0.86% of the stock is owned by insiders.

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.