Fiera Capital Co. (TSE:FSZ) Senior Officer John Valentini Sells 61,600 Shares of Stock

Fiera Capital Co. (TSE:FSZ) Senior Officer John Valentini sold 61,600 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of C$7.88, for a total value of C$485,432.64.

Fiera Capital Stock Performance

Shares of TSE:FSZ opened at C$7.48 on Tuesday. The firm has a market capitalization of C$640.96 million, a PE ratio of 14.96, a P/E/G ratio of -0.87 and a beta of 1.66. The company has a debt-to-equity ratio of 228.52, a current ratio of 1.17 and a quick ratio of 1.05. The business has a 50-day moving average of C$7.99 and a two-hundred day moving average of C$6.49. Fiera Capital Co. has a 12 month low of C$4.32 and a 12 month high of C$8.75.

Fiera Capital (TSE:FSZ) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$0.37 EPS for the quarter, topping the consensus estimate of C$0.30 by C$0.07. The company had revenue of C$210.97 million during the quarter, compared to analyst estimates of C$203.10 million. Fiera Capital had a return on equity of 19.66% and a net margin of 8.51%. As a group, research analysts forecast that Fiera Capital Co. will post 0.9695122 earnings per share for the current year.

Fiera Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 14th were paid a $0.215 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 11.50%. Fiera Capital’s dividend payout ratio (DPR) is currently 172.00%.

Institutional Investors Weigh In On Fiera Capital

A number of large investors have recently modified their holdings of FSZ. LPL Financial LLC boosted its holdings in Fiera Capital by 16.6% in the fourth quarter. LPL Financial LLC now owns 7,305 shares of the company’s stock valued at $401,000 after purchasing an additional 1,042 shares during the last quarter. UBS Group AG lifted its holdings in Fiera Capital by 176.6% during the 4th quarter. UBS Group AG now owns 1,848 shares of the company’s stock worth $101,000 after buying an additional 1,180 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Fiera Capital by 9.6% during the 2nd quarter. Prudential Financial Inc. now owns 20,078 shares of the company’s stock worth $1,211,000 after buying an additional 1,761 shares during the last quarter. Bank of America Corp DE lifted its holdings in Fiera Capital by 170.6% during the 1st quarter. Bank of America Corp DE now owns 4,249 shares of the company’s stock worth $275,000 after buying an additional 2,679 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its holdings in Fiera Capital by 3,585.5% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,801 shares of the company’s stock worth $154,000 after buying an additional 2,725 shares during the last quarter. Institutional investors and hedge funds own 17.87% of the company’s stock.

Analysts Set New Price Targets

FSZ has been the subject of several analyst reports. TD Securities upped their target price on Fiera Capital from C$7.50 to C$8.00 and gave the company a “hold” rating in a research note on Friday, March 1st. Royal Bank of Canada upped their target price on Fiera Capital from C$6.00 to C$7.00 and gave the company a “sector perform” rating in a research note on Thursday, February 29th. Scotiabank upped their target price on Fiera Capital from C$7.00 to C$8.00 and gave the company a “sector perform” rating in a research note on Thursday, February 29th. CIBC upped their target price on Fiera Capital from C$7.00 to C$8.25 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Finally, BMO Capital Markets lowered Fiera Capital from an “outperform” rating to a “market perform” rating and upped their target price for the company from C$8.00 to C$8.50 in a research note on Thursday, February 29th. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$7.79.

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.