Fiera Capital Co. (TSE:FSZ) Plans Quarterly Dividend of $0.22

Fiera Capital Co. (TSE:FSZGet Rating) announced a quarterly dividend on Tuesday, May 3rd, Zacks reports. Investors of record on Monday, May 16th will be given a dividend of 0.215 per share on Monday, June 13th. This represents a $0.86 annualized dividend and a yield of 9.19%. The ex-dividend date is Friday, May 13th.

Fiera Capital stock opened at C$9.36 on Wednesday. The firm has a market cap of C$959.58 million and a PE ratio of 13.85. The stock’s fifty day moving average price is C$10.24 and its two-hundred day moving average price is C$10.39. Fiera Capital has a one year low of C$9.25 and a one year high of C$11.75. The company has a debt-to-equity ratio of 171.35, a current ratio of 1.16 and a quick ratio of 1.10.

Fiera Capital (TSE:FSZGet Rating) last released its quarterly earnings data on Friday, February 25th. The company reported C$0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.42 by C$0.16. The company had revenue of C$241.93 million for the quarter, compared to analyst estimates of C$206.60 million. Sell-side analysts expect that Fiera Capital will post 1.4299999 earnings per share for the current fiscal year.

FSZ has been the subject of a number of analyst reports. TD Securities upgraded shares of Fiera Capital from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$11.00 to C$12.00 in a report on Monday, February 28th. National Bankshares lowered their price objective on shares of Fiera Capital from C$11.50 to C$11.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 21st. Scotiabank dropped their price target on Fiera Capital from C$11.50 to C$10.50 in a research report on Wednesday, April 20th. Barclays cut their price objective on shares of Fiera Capital from C$11.00 to C$10.00 and set an “equal wight” rating for the company in a report on Wednesday, January 26th. Finally, CIBC decreased their price target on Fiera Capital from C$11.00 to C$10.50 and set a “neutral” rating on the stock in a research report on Friday, May 6th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$11.07.

In other news, insider FIERA CAPITAL S.E.C. sold 23,615 shares of the company’s stock in a transaction on Monday, March 28th. The stock was sold at an average price of C$10.40, for a total value of C$245,598.36. Following the completion of the sale, the insider now directly owns 4,239,935 shares in the company, valued at approximately C$44,095,747.99.

Fiera Capital Company Profile (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.

Featured Stories

Dividend History for Fiera Capital (TSE:FSZ)

Receive News & Ratings for Fiera Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiera Capital and related companies with MarketBeat.com's FREE daily email newsletter.