Fiera Capital Co. (TSE:FSZ) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Fiera Capital Co. (TSE:FSZ) have been assigned a consensus rating of “Moderate Buy” from the zero analysts that are presently covering the company, Marketbeat.com reports. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$7.48.

Several analysts have issued reports on FSZ shares. TD Securities boosted their target price on shares of Fiera Capital from C$7.50 to C$8.00 and gave the company a “hold” rating in a research note on Friday, March 1st. Desjardins boosted their target price on shares of Fiera Capital from C$6.50 to C$7.25 and gave the company a “hold” rating in a research note on Thursday, February 29th. CIBC boosted their target price on shares of Fiera Capital from C$7.00 to C$8.25 and gave the company a “neutral” rating in a research note on Thursday, February 29th. BMO Capital Markets downgraded shares of Fiera Capital from an “outperform” rating to a “market perform” rating and upped their price target for the stock from C$8.00 to C$8.50 in a research note on Thursday, February 29th. Finally, Royal Bank of Canada upped their price target on shares of Fiera Capital from C$6.00 to C$7.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 29th.

Insider Buying and Selling

In related news, Senior Officer John Valentini sold 61,600 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of C$7.88, for a total value of C$485,432.64. 3.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fiera Capital

A number of large investors have recently bought and sold shares of the business. First Trust Advisors LP boosted its holdings in Fiera Capital by 4.1% in the first quarter. First Trust Advisors LP now owns 1,100,729 shares of the company’s stock worth $67,108,000 after purchasing an additional 43,403 shares in the last quarter. Jane Street Group LLC boosted its holdings in Fiera Capital by 493.4% in the second quarter. Jane Street Group LLC now owns 103,532 shares of the company’s stock worth $5,483,000 after purchasing an additional 86,086 shares in the last quarter. Morgan Stanley boosted its holdings in Fiera Capital by 511.5% in 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. Wells Fargo & Company MN boosted its holdings in Fiera Capital by 184.3% during the fourth quarter. Wells Fargo & Company MN now owns 22,407 shares of the company’s stock valued at $1,230,000 after acquiring an additional 14,526 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in Fiera Capital by 9.6% during the second quarter. Prudential Financial Inc. now owns 20,078 shares of the company’s stock valued at $1,211,000 after acquiring an additional 1,761 shares during the period. 17.87% of the stock is currently owned by institutional investors.

Fiera Capital Price Performance

TSE FSZ opened at C$7.48 on Tuesday. The business’s fifty day moving average is C$7.99 and its two-hundred day moving average is C$6.49. The company has a debt-to-equity ratio of 228.52, a quick ratio of 1.05 and a current ratio of 1.17. Fiera Capital has a 1 year low of C$4.32 and a 1 year high of C$8.75. The stock has a market capitalization of C$640.96 million, a P/E ratio of 14.96, a P/E/G ratio of -0.87 and a beta of 1.66.

Fiera Capital (TSE:FSZ) last announced its earnings results on Wednesday, February 28th. The company reported C$0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.30 by C$0.07. Fiera Capital had a net margin of 8.51% and a return on equity of 19.66%. The company had revenue of C$210.97 million for the quarter, compared to the consensus estimate of C$203.10 million. On average, research analysts forecast that Fiera Capital will post 0.9695122 earnings per share for the current fiscal year.

Fiera Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 14th were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 11.50%. The ex-dividend date was Wednesday, March 13th. Fiera Capital’s dividend payout ratio (DPR) is presently 172.00%.

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.