Fiera Capital Co. (TSE:FSZ) Declares Dividend Increase – $0.22 Per Share

Fiera Capital Co. (TSE:FSZ) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Tuesday, November 19th will be paid a dividend of 0.216 per share on Thursday, December 19th. This represents a $0.86 annualized dividend and a dividend yield of 8.89%. The ex-dividend date is Tuesday, November 19th. This is a positive change from Fiera Capital’s previous quarterly dividend of $0.22.

Fiera Capital Stock Performance

Shares of FSZ stock opened at C$9.72 on Friday. The company has a market capitalization of C$852.93 million, a P/E ratio of 18.00, a P/E/G ratio of -0.87 and a beta of 1.64. Fiera Capital has a 12-month low of C$4.77 and a 12-month high of C$10.92. The business’s 50 day moving average is C$8.54 and its two-hundred day moving average is C$7.85. 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 (TSE:FSZ) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.25 EPS for the quarter, topping the consensus estimate of C$0.19 by C$0.06. The company had revenue of C$171.71 million during 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%. Analysts expect that Fiera Capital will post 1.0905563 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Desjardins lifted their price objective on Fiera Capital from C$7.75 to C$9.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. Scotiabank lifted their price target on Fiera Capital from C$8.50 to C$9.00 in a research note on Wednesday, July 24th. CIBC increased their price objective on Fiera Capital from C$9.50 to C$11.00 in a research note on Friday. TD Securities lifted 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. Finally, National Bankshares upped their target price on shares of Fiera Capital from C$8.00 to C$8.50 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat, Fiera Capital has a consensus rating of “Hold” and a consensus price target of C$9.07.

Insiders Place Their Bets

In related news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the company’s 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 business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total value of C$73,049.00. Also, Senior Officer John Valentini sold 28,000 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$8.57, for a total transaction of C$240,046.80. Insiders have sold 207,400 shares of company stock valued at $1,601,622 over the last ninety days. Company 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.