Fiera Capital (TSE:FSZ) Stock Price Passes Above 200 Day Moving Average of $6.57

Fiera Capital Co. (TSE:FSZ)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$6.57 and traded as high as C$7.63. Fiera Capital shares last traded at C$7.60, with a volume of 113,610 shares trading hands.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Desjardins raised their price objective on Fiera Capital from C$6.50 to C$7.25 and gave the stock a “hold” rating in a report on Thursday, February 29th. TD Securities raised their price objective on Fiera Capital from C$7.50 to C$8.00 and gave the stock a “hold” rating in a report on Friday, March 1st. Royal Bank of Canada raised their price objective on Fiera Capital from C$6.00 to C$7.00 and gave the stock a “sector perform” rating in a report on Thursday, February 29th. CIBC raised their price objective on Fiera Capital from C$7.00 to C$8.25 and gave the stock a “neutral” rating in a report on Thursday, February 29th. Finally, BMO Capital Markets lowered Fiera Capital from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from C$8.00 to C$8.50 in a report on Thursday, February 29th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Fiera Capital currently has an average rating of “Hold” and an average target price of C$7.79.

Fiera Capital Stock Up 2.3 %

The firm has a market cap of C$10.26 million, a price-to-earnings ratio of 15.20, a P/E/G ratio of -0.87 and a beta of 0.81. The firm’s 50 day moving average price is C$8.00 and its two-hundred day moving average price is C$6.57. The company has a debt-to-equity ratio of 228.52, a current ratio of 1.17 and a quick ratio of 1.05.

Fiera Capital (TSE:FSZ) last announced its earnings results on Wednesday, February 28th. The company reported C$0.37 earnings per share for the quarter, topping 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 business had revenue of C$210.97 million during the quarter, compared to the consensus estimate of C$203.10 million. As a group, sell-side analysts forecast that Fiera Capital Co. will post 0.9695122 earnings per share for the current fiscal year.

Fiera Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.215 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.86 annualized dividend and a dividend yield of 11.32%. Fiera Capital’s dividend payout ratio (DPR) is 172.00%.

Insider Transactions at Fiera Capital

In related news, Senior Officer John Valentini sold 61,600 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of C$7.88, for a total value of C$485,432.64. Insiders own 3.22% of the company’s stock.

Fiera Capital Company Profile

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.