Scotiabank Has Lowered Expectations for Fiera Capital (TSE:FSZ) Stock Price

Fiera Capital (TSE:FSZ) had its price objective reduced by Scotiabank from C$10.50 to C$10.00 in a research note published on Thursday morning,BayStreet.CA reports.

Other analysts also recently issued reports about the company. Desjardins boosted their target price on 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. BMO Capital Markets increased their target price on Fiera Capital from C$8.50 to C$9.00 in a research report on Tuesday, October 29th. National Bankshares increased their target price 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. TD Securities increased their target price on Fiera Capital from C$9.00 to C$10.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Finally, CIBC upped their price target on Fiera Capital from C$9.50 to C$11.00 in a research note on Friday, November 8th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$8.93.

Fiera Capital Price Performance

Shares of TSE FSZ opened at C$7.97 on Thursday. 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 has a twelve month low of C$6.58 and a twelve month high of C$10.92. The stock has a 50 day moving average of C$9.00 and a two-hundred day moving average of C$8.64. The stock has a market cap of C$699.37 million, a P/E ratio of 14.76, a P/E/G ratio of -0.87 and a beta of 1.64.

Fiera Capital (TSE:FSZ) last released its earnings results on Thursday, November 7th. The company reported C$0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.06. The business had revenue of C$171.71 million for the quarter, compared to analyst estimates of C$163.10 million. Fiera Capital had a return on equity of 22.95% and a net margin of 8.97%. On average, research analysts forecast that Fiera Capital will post 1.0905563 earnings per share for the current year.

Fiera Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, November 19th were paid a $0.216 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 10.84%. This is a positive change from Fiera Capital’s previous quarterly dividend of $0.22. Fiera Capital’s dividend payout ratio (DPR) is 159.26%.

Insider Activity

In related news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$8.89, for a total transaction of C$93,028.60. Insiders own 0.86% of the company’s stock.

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.