Fiera Capital (TSE:FSZ) Posts Earnings Results

Fiera Capital (TSE:FSZ) posted its earnings results on Thursday. The company reported C$0.25 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.06, reports. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. The firm had revenue of C$171.71 million for the quarter, compared to the consensus estimate of C$163.10 million.

Fiera Capital Trading Down 10.8 %

TSE FSZ opened at C$9.72 on Friday. 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 has a 12 month low of C$4.77 and a 12 month high of C$10.92. The company’s 50-day moving average price is C$8.54 and its 200-day moving average price is C$7.85. 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 Increases Dividend

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

Analysts Set New Price Targets

FSZ has been the topic of several analyst reports. Scotiabank boosted their price objective on Fiera Capital from C$8.50 to C$9.00 in a research note on Wednesday, July 24th. TD Securities boosted their target price on Fiera Capital from C$9.00 to C$10.00 and gave the company a “hold” rating in a research report on Friday. CIBC raised their price target on Fiera Capital from C$9.50 to C$11.00 in a research report on Friday. BMO Capital Markets boosted their price objective on shares of Fiera Capital from C$8.50 to C$9.00 in a research report on Tuesday, October 29th. Finally, National Bank Financial downgraded shares of Fiera Capital from a “hold” rating to a “strong sell” rating in a research note on Sunday, July 28th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$9.07.

Insider Activity at Fiera Capital

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the company’s stock in a transaction dated 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 other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of C$7.30, for a total value of C$73,049.00. Also, Senior Officer John Valentini sold 10,400 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$7.90, for a total value of C$82,164.16. Insiders sold 207,400 shares of company stock worth $1,601,622 in the last 90 days. 0.86% of the stock is owned by corporate insiders.

Fiera Capital Company Profile

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.