Fiera Capital (TSE:FSZ) PT Lowered to C$7.25 at CIBC

Fiera Capital (TSE:FSZ) had its price target lowered by CIBC from C$8.25 to C$7.25 in a report published on Friday, BayStreet.CA reports. The firm currently has a neutral rating on the stock.

FSZ has been the topic of several other research reports. BMO Capital Markets lowered Fiera Capital from an outperform rating to a market perform rating and lifted their price target for the stock from C$8.00 to C$8.50 in a research report on Thursday, February 29th. National Bankshares increased their price target on shares of Fiera Capital from C$6.00 to C$7.50 and gave the stock a sector perform rating in a research note on Thursday, February 29th. Royal Bank of Canada raised their price objective on shares of Fiera Capital from C$6.00 to C$7.00 and gave the stock a sector perform rating in a research report on Thursday, February 29th. Scotiabank upped their target price on shares of Fiera Capital from C$7.00 to C$8.00 and gave the company a sector perform rating in a report on Thursday, February 29th. Finally, TD Securities raised their price target on Fiera Capital from C$7.50 to C$8.00 and gave the stock a hold rating in a report on Friday, March 1st. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of C$7.64.

Fiera Capital Trading Up 0.6 %

TSE FSZ opened at C$7.02 on Friday. The firm’s fifty day moving average price is C$7.97 and its 200 day moving average price is C$6.59. Fiera Capital has a 12 month low of C$4.32 and a 12 month high of C$8.75. 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 company has a market capitalization of C$9.48 million, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of -0.87 and a beta of 0.81.

Fiera Capital (TSE:FSZ) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.30 by C$0.07. Fiera Capital had a return on equity of 19.66% and a net margin of 8.51%. The company had revenue of C$210.97 million for the quarter, compared to analyst estimates of C$203.10 million. On average, sell-side analysts expect that Fiera Capital will post 0.9695122 earnings per share for the current fiscal year.

Fiera Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 14th were issued a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 12.25%. The ex-dividend date of this dividend was Wednesday, March 13th. Fiera Capital’s payout ratio is 172.00%.

Insider Transactions at Fiera Capital

In related news, Senior Officer John Valentini sold 61,600 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of C$7.88, for a total value of C$485,432.64. Company insiders own 3.22% of the company’s stock.

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.