Fiera Capital (TSE:FSZ) Stock Price Expected to Rise, CIBC Analyst Says

Fiera Capital (TSE:FSZ) had its price target lifted by CIBC from C$9.50 to C$11.00 in a report published on Friday,BayStreet.CA reports.

Other equities analysts also recently issued research reports about the company. National Bankshares increased their price target on Fiera Capital from C$8.00 to C$8.50 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. BMO Capital Markets lifted their price target on shares of Fiera Capital from C$8.50 to C$9.00 in a research note on Tuesday, October 29th. Desjardins upped 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. National Bank Financial downgraded shares of Fiera Capital from a “hold” rating to a “strong sell” rating in a report on Sunday, July 28th. Finally, TD Securities boosted their target price on shares of Fiera Capital from C$9.00 to C$10.00 and gave the stock a “hold” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$9.07.

Fiera Capital Stock Performance

Shares of TSE FSZ traded down C$1.18 during midday trading on Friday, reaching C$9.72. 1,224,300 shares of the stock were exchanged, compared to its average volume of 291,945. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 259.56. The firm has a market cap of C$852.93 million, a price-to-earnings ratio of 18.00, a PEG ratio of -0.87 and a beta of 1.64. The firm has a 50-day simple moving average of C$8.54 and a two-hundred day simple moving average of C$7.85. Fiera Capital has a twelve month low of C$4.77 and a twelve month high of C$10.92.

Fiera Capital (TSE:FSZ) last released its quarterly 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 company had revenue of C$171.71 million for the quarter, compared to analyst estimates of C$163.10 million. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. As a group, analysts anticipate that Fiera Capital will post 1.0905563 EPS for the current fiscal year.

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 issued a dividend of $0.216 per share. This is a boost from Fiera Capital’s previous quarterly dividend of $0.22. This represents a $0.86 annualized dividend 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%.

Insider Buying and Selling at Fiera Capital

In related news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the stock in a transaction that occurred 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. In related news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$7.30, for a total transaction of C$73,049.00. Also, Senior Officer John Valentini sold 122,500 shares of Fiera Capital stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$7.46, for a total transaction of C$913,347.75. Insiders sold a total of 207,400 shares of company stock worth $1,601,622 in the last three months. 0.86% of the stock is owned by corporate 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.