Insider Selling: Fiera Capital Co. (TSE:FSZ) Senior Officer Sells 36,500 Shares of Stock

Fiera Capital Co. (TSE:FSZ) Senior Officer John Valentini sold 36,500 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$8.03, for a total transaction of C$293,014.70.

John Valentini also recently made the following trade(s):

• On Tuesday, September 24th, John Valentini sold 10,400 shares of Fiera Capital stock. The shares were sold at an average price of C$7.90, for a total transaction of C$82,164.16.
• On Thursday, September 12th, John Valentini sold 122,500 shares of Fiera Capital stock. The stock was sold at an average price of C$7.46, for a total transaction of C$913,347.75.

Fiera Capital Trading Up 2.3 %

Shares of TSE FSZ traded up C$0.19 during mid-day trading on Friday, reaching C$8.28. 164,263 shares of the company’s stock were exchanged, compared to its average volume of 275,460. The company’s 50-day moving average is C$7.85 and its 200-day moving average is C$7.65. The company has a debt-to-equity ratio of 259.56, a quick ratio of 1.05 and a current ratio of 1.39. The firm has a market capitalization of C$726.57 million, a price-to-earnings ratio of 14.98, a PEG ratio of -0.87 and a beta of 1.63. Fiera Capital Co. has a 52-week low of C$4.32 and a 52-week high of C$9.01.

Fiera Capital (TSE:FSZ) last posted its earnings results on Wednesday, August 7th. The company reported C$0.23 EPS for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.04. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. The company had revenue of C$164.79 million for the quarter, compared to analysts’ expectations of C$160.80 million.

Analyst Ratings Changes

Several research firms recently commented on FSZ. National Bankshares cut Fiera Capital from a “sector perform” rating to an “underperform” rating and increased their price target for the company from C$7.00 to C$8.00 in a report on Monday, July 29th. CIBC dropped their target price on Fiera Capital from C$9.00 to C$8.00 in a report on Thursday, August 8th. National Bank Financial lowered Fiera Capital from a “hold” rating to a “strong sell” rating in a report on Sunday, July 28th. TD Securities dropped their price objective on shares of Fiera Capital from C$8.00 to C$7.50 in a report on Thursday, August 8th. Finally, Scotiabank raised their price objective on shares of Fiera Capital from C$8.50 to C$9.00 in a research report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$7.89.

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.