Fiera Capital (FSZ) Set to Announce Earnings on Wednesday

Fiera Capital (TSE:FSZ) will be posting its quarterly earnings results before the market opens on Wednesday, November 8th. Analysts expect Fiera Capital to post earnings of C$0.25 per share for the quarter.

Fiera Capital (TSE:FSZ) last announced its quarterly earnings data on Thursday, August 10th. The company reported C$0.24 EPS for the quarter, meeting analysts’ consensus estimates of C$0.24. The business had revenue of C$159.84 million during the quarter, compared to the consensus estimate of C$164.50 million. Fiera Capital had a return on equity of 7.43% and a net margin of 2.90%.

Fiera Capital Stock Up 6.0 %

Shares of TSE:FSZ opened at C$5.29 on Monday. The stock has a market capitalization of C$453.30 million, a P/E ratio of 29.39, a P/E/G ratio of -0.87 and a beta of 1.49. The company has a debt-to-equity ratio of 274.79, a quick ratio of 1.05 and a current ratio of 1.24. Fiera Capital has a 52 week low of C$4.32 and a 52 week high of C$9.73. The firm has a fifty day simple moving average of C$5.55.

Fiera Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Tuesday, August 22nd were given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 16.26%. The ex-dividend date of this dividend was Monday, August 21st. Fiera Capital’s dividend payout ratio is currently 477.78%.

Institutional Investors Weigh In On Fiera Capital

Several institutional investors and hedge funds have recently modified their holdings of FSZ. Prudential Financial Inc. boosted its position in shares of Fiera Capital by 207.2% in the first quarter. Prudential Financial Inc. now owns 18,317 shares of the company’s stock worth $1,185,000 after buying an additional 12,355 shares during the period. Jane Street Group LLC boosted its position in shares of Fiera Capital by 22.5% in the first quarter. Jane Street Group LLC now owns 17,446 shares of the company’s stock worth $1,129,000 after buying an additional 3,199 shares during the period. Bank of America Corp DE boosted its position in shares of Fiera Capital by 170.6% in the first 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 period. Credit Suisse AG lifted its stake in shares of Fiera Capital by 196.0% in the third quarter. Credit Suisse AG now owns 4,153 shares of the company’s stock worth $192,000 after acquiring an additional 2,750 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Fiera Capital by 16.6% in the fourth quarter. LPL Financial LLC now owns 7,305 shares of the company’s stock worth $401,000 after acquiring an additional 1,042 shares in the last quarter. Hedge funds and other institutional investors own 17.56% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FSZ shares. CIBC lowered their price target on Fiera Capital from C$7.00 to C$5.00 and set a “neutral” rating for the company in a research report on Thursday, October 26th. Scotiabank lowered their price target on Fiera Capital from C$8.25 to C$6.00 and set a “sector perform” rating for the company in a research report on Monday, October 30th. TD Securities lowered their price target on Fiera Capital from C$7.50 to C$6.00 and set a “hold” rating for the company in a research report on Wednesday, October 18th. Royal Bank of Canada lowered their price target on Fiera Capital from C$7.00 to C$6.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 24th. Finally, Desjardins lowered their price target on Fiera Capital from C$7.50 to C$6.75 and set a “hold” rating for the company in a research report on Tuesday, October 24th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$6.25.

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.