Fiera Capital (TSE:FSZ) PT Lowered to C$5.50

Fiera Capital (TSE:FSZ) had its target price decreased by research analysts at National Bankshares from C$6.50 to C$5.50 in a report issued on Thursday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price objective points to a potential upside of 5.57% from the stock’s current price.

A number of other equities research analysts also recently issued reports on FSZ. BMO Capital Markets lowered their target price on shares of Fiera Capital from C$8.00 to C$7.50 and set an “outperform” rating for the company in a report on Thursday, October 26th. CIBC boosted their target price on shares of Fiera Capital from C$5.00 to C$5.25 and gave the company a “neutral” rating in a report on Thursday. Scotiabank reduced their price target on shares of Fiera Capital from C$8.25 to C$6.00 and set a “sector perform” rating on the stock in a research report on Monday, October 30th. TD Securities reduced their price target on shares of Fiera Capital from C$6.00 to C$5.50 and set a “hold” rating on the stock in a research report on Thursday. Finally, Desjardins reduced their price target on shares of Fiera Capital from C$7.50 to C$6.75 and set a “hold” rating on the stock in a research report on Tuesday, October 24th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$6.00.

Fiera Capital Stock Performance

Shares of TSE FSZ opened at C$5.21 on Thursday. Fiera Capital has a 12 month low of C$4.32 and a 12 month high of C$9.73. The company has a 50-day simple moving average of C$5.47 and a 200-day simple moving average of C$11.68. The company has a market cap of C$446.44 million, a PE ratio of 28.94, a price-to-earnings-growth ratio of -0.87 and a beta of 1.49. The company has a debt-to-equity ratio of 274.79, a current ratio of 1.24 and a quick ratio of 1.05.

Fiera Capital (TSE:FSZ) last released its earnings results on Thursday, August 10th. The company reported C$0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.24. Fiera Capital had a net margin of 2.90% and a return on equity of 7.43%. The firm had revenue of C$159.84 million during the quarter, compared to the consensus estimate of C$164.50 million. On average, equities analysts anticipate that Fiera Capital will post 1.0708502 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Morgan Stanley lifted its position in shares of Fiera Capital by 511.5% during the fourth quarter. Morgan Stanley now owns 97,152 shares of the company’s stock worth $5,332,000 after purchasing an additional 81,264 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Fiera Capital by 92.3% during the first quarter. Jane Street Group LLC now owns 57,849 shares of the company’s stock worth $3,527,000 after purchasing an additional 27,766 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Fiera Capital by 184.3% during the fourth quarter. Wells Fargo & Company MN now owns 22,407 shares of the company’s stock worth $1,230,000 after purchasing an additional 14,526 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Fiera Capital by 9.6% during the second quarter. Prudential Financial Inc. now owns 20,078 shares of the company’s stock worth $1,211,000 after purchasing an additional 1,761 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of Fiera Capital by 16.6% during the fourth quarter. LPL Financial LLC now owns 7,305 shares of the company’s stock worth $401,000 after purchasing an additional 1,042 shares in the last quarter. 17.56% of the stock is owned by institutional investors and hedge funds.

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.