Guardian Capital Group (TSE:GCG) Hits New 12-Month High – Here’s Why

Guardian Capital Group Limited (TSE:GCG) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$67.52 and last traded at C$67.31, with a volume of 1606 shares trading hands. The stock had previously closed at C$67.17.

Guardian Capital Group Stock Performance

The company has a quick ratio of 0.64, a current ratio of 0.80 and a debt-to-equity ratio of 14.08. The company has a fifty day moving average price of C$67.11 and a 200 day moving average price of C$58.23. The stock has a market cap of C$1.65 billion, a PE ratio of 9.00 and a beta of 0.70.

Guardian Capital Group (TSE:GCG) last issued its earnings results on Thursday, November 13th. The financial services provider reported C$2.89 earnings per share for the quarter. The company had revenue of C$91.96 million during the quarter. Guardian Capital Group had a return on equity of 8.33% and a net margin of 37.41%. Analysts expect that Guardian Capital Group Limited will post 2.1803191 earnings per share for the current year.

Guardian Capital Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 17th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, October 10th. Guardian Capital Group’s payout ratio is presently 20.32%.

Guardian Capital Group Company Profile

Guardian Capital Group Ltd is a diversified financial services company. It operates in two main business areas, Asset Management and Financial Advisory. Guardian offers institutional and private wealth investment management services; financial services to international investors; services to financial advisors in its national mutual fund dealer, securities dealer, and insurance distribution network; and maintains and manages a proprietary investment portfolio. The company operates in three main business segments: the Investment Management segment; the Financial Advisory segment; and the Corporate Activities and Investments segment.