Fiera Capital (TSE:FSZ) Reaches New 12-Month Low at $6.62

Fiera Capital Co. (TSE:FSZ – Get Rating)’s stock price reached a new 52-week low on Wednesday . The company traded as low as C$6.62 and last traded at C$6.64, with a volume of 37163 shares trading hands. The stock had previously closed at C$6.72.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FSZ. Royal Bank of Canada decreased their price target on Fiera Capital from C$10.00 to C$9.50 and set a “sector perform” rating for the company in a research report on Monday, February 27th. TD Securities decreased their price target on Fiera Capital from C$10.00 to C$9.00 and set a “hold” rating for the company in a research report on Monday, February 27th. National Bankshares decreased their price target on Fiera Capital from C$9.50 to C$8.50 in a research report on Tuesday, May 2nd. CIBC decreased their price target on Fiera Capital from C$9.00 to C$8.00 in a research report on Tuesday, April 25th. Finally, Scotiabank decreased their price target on Fiera Capital from C$10.50 to C$10.00 in a research report on Monday, February 27th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$9.14.

Fiera Capital Price Performance

The stock has a market capitalization of C$548.55 million, a price-to-earnings ratio of 34.53, a price-to-earnings-growth ratio of -0.87 and a beta of 1.40. The company has a current ratio of 1.11, a quick ratio of 1.05 and a debt-to-equity ratio of 215.25. The stock has a 50-day simple moving average of C$42.99 and a 200 day simple moving average of C$43.26.

Fiera Capital (TSE:FSZ – Get Rating) last announced its quarterly earnings data on Friday, February 24th. The company reported C$0.32 EPS for the quarter, missing analysts’ consensus estimates of C$0.34 by C($0.02). The business had revenue of C$184.70 million during the quarter, compared to analysts’ expectations of C$184.20 million. On average, equities research analysts forecast that Fiera Capital Co. will post 1.0753532 EPS for the current fiscal year.

Fiera Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 19th. Shareholders of record on Monday, May 22nd will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Thursday, May 18th. This represents a $0.86 dividend on an annualized basis and a yield of 13.11%. Fiera Capital’s payout ratio is presently 452.63%.

Institutional Investors Weigh In On Fiera Capital

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Montreal Can purchased a new stake in shares of Fiera Capital during the 4th quarter worth about $58,000. UBS Group AG raised its stake in shares of Fiera Capital by 176.6% in the 4th quarter. UBS Group AG now owns 1,848 shares of the company’s stock valued at $101,000 after acquiring an additional 1,180 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in shares of Fiera Capital by 3,585.5% in the 4th quarter. Advisor Group Holdings Inc. now owns 2,801 shares of the company’s stock valued at $154,000 after acquiring an additional 2,725 shares in the last quarter. Credit Suisse AG raised its stake in shares of Fiera Capital by 196.0% in the 3rd quarter. Credit Suisse AG now owns 4,153 shares of the company’s stock valued at $192,000 after acquiring an additional 2,750 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Fiera Capital by 170.6% in the 1st quarter. Bank of America Corp DE now owns 4,249 shares of the company’s stock valued at $275,000 after acquiring an additional 2,679 shares in the last quarter. 14.76% of the stock is owned by hedge funds and other institutional investors.

About Fiera Capital

(Get Rating)

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.