FY2023 Earnings Forecast for Fiera Capital Co. Issued By National Bank Financial (TSE:FSZ)

Fiera Capital Co. (TSE:FSZ) – Equities research analysts at National Bank Financial increased their FY2023 earnings per share estimates for shares of Fiera Capital in a report released on Wednesday, November 8th. National Bank Financial analyst J. Gloyn now anticipates that the company will earn $0.95 per share for the year, up from their prior estimate of $0.90. The consensus estimate for Fiera Capital’s current full-year earnings is $1.07 per share. National Bank Financial also issued estimates for Fiera Capital’s Q4 2023 earnings at $0.31 EPS.

Fiera Capital (TSE:FSZ) last issued its quarterly earnings data on Thursday, August 10th. The company reported C$0.24 EPS for the quarter, hitting the consensus estimate of C$0.24. The firm 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%.

Several other equities analysts have also weighed in on the company. Scotiabank reduced their price objective on Fiera Capital from C$8.25 to C$6.00 and set a “sector perform” rating for the company in a report on Monday, October 30th. Royal Bank of Canada cut their price target on Fiera Capital from C$6.00 to C$5.50 and set a “sector perform” rating for the company in a report on Thursday. BMO Capital Markets cut their price target on 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. Desjardins lowered their price objective on 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. Finally, National Bankshares lowered their price objective on Fiera Capital from C$6.50 to C$5.50 and set a “sector perform” rating on the stock in a research report on Thursday. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Fiera Capital presently has a consensus rating of “Hold” and an average price target of C$6.00.

Fiera Capital Stock Performance

FSZ stock opened at C$5.21 on Monday. The firm has a market cap of C$446.44 million, a PE ratio of 28.94, a P/E/G ratio of -0.87 and a beta of 1.49. The company has a quick ratio of 1.05, a current ratio of 1.24 and a debt-to-equity ratio of 274.79. The business has a 50 day moving average of C$5.45 and a 200-day moving average of C$11.63. Fiera Capital has a 12-month low of C$4.32 and a 12-month high of C$9.73.

Institutional Trading of Fiera Capital

Several large investors have recently bought and sold shares of FSZ. Jane Street Group LLC lifted its holdings in shares of Fiera Capital by 493.4% during the second quarter. Jane Street Group LLC now owns 103,532 shares of the company’s stock valued at $5,483,000 after purchasing an additional 86,086 shares during the last quarter. Morgan Stanley raised its stake in Fiera Capital by 511.5% during the 4th quarter. Morgan Stanley now owns 97,152 shares of the company’s stock valued at $5,332,000 after buying an additional 81,264 shares during the last quarter. First Trust Advisors LP raised its stake in Fiera Capital by 4.1% during the 1st quarter. First Trust Advisors LP now owns 1,100,729 shares of the company’s stock valued at $67,108,000 after buying an additional 43,403 shares during the last quarter. Wells Fargo & Company MN raised its stake in Fiera Capital by 184.3% during the 4th quarter. Wells Fargo & Company MN now owns 22,407 shares of the company’s stock valued at $1,230,000 after buying an additional 14,526 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in Fiera Capital by 207.2% during the 1st quarter. Prudential Financial Inc. now owns 18,317 shares of the company’s stock valued at $1,185,000 after buying an additional 12,355 shares during the last quarter. 17.56% of the stock is owned by institutional investors.

Fiera Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Monday, November 20th will be paid a $0.215 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.86 annualized dividend and a dividend yield of 16.51%. Fiera Capital’s payout ratio is presently 477.78%.

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.