Fiera Capital Co. (TSE:FSZ) Senior Officer Sells C$485,432.64 in Stock

Fiera Capital Co. (TSE:FSZ) Senior Officer John Valentini sold 61,600 shares of Fiera Capital stock in a transaction on Thursday, April 11th. The shares were sold at an average price of C$7.88, for a total transaction of C$485,432.64.

Fiera Capital Stock Performance

TSE:FSZ opened at C$7.38 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 228.52. The firm has a market capitalization of C$632.39 million, a price-to-earnings ratio of 14.76, a PEG ratio of -0.87 and a beta of 1.66. The firm’s fifty day simple moving average is C$7.99 and its 200 day simple moving average is C$6.50. Fiera Capital Co. has a twelve month low of C$4.32 and a twelve month high of C$8.75.

Fiera Capital (TSE:FSZ) last released its quarterly earnings results on Wednesday, February 28th. The company reported C$0.37 earnings per share (EPS) 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 firm had revenue of C$210.97 million for the quarter, compared to the consensus estimate of C$203.10 million. As a group, equities research analysts expect that Fiera Capital Co. will post 0.9695122 earnings per share for the current fiscal year.

Fiera Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 11.65%. The ex-dividend date of this dividend was Wednesday, March 13th. Fiera Capital’s dividend payout ratio (DPR) is 172.00%.

Institutional Investors Weigh In On Fiera Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FSZ. Prudential Financial Inc. increased 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 worth $1,185,000 after buying an additional 12,355 shares during the period. Jane Street Group LLC increased its stake in Fiera Capital by 22.5% during the 1st quarter. Jane Street Group LLC now owns 17,446 shares of the company’s stock worth $1,129,000 after buying an additional 3,199 shares during the period. Bank of America Corp DE increased its stake in Fiera Capital by 170.6% during the 1st quarter. Bank of America Corp DE now owns 4,249 shares of the company’s stock worth $275,000 after buying an additional 2,679 shares during the period. Credit Suisse AG increased its stake in Fiera Capital by 196.0% during the 3rd quarter. Credit Suisse AG now owns 4,153 shares of the company’s stock worth $192,000 after buying an additional 2,750 shares during the period. Finally, LPL Financial LLC increased its stake in Fiera Capital by 16.6% during the 4th quarter. LPL Financial LLC now owns 7,305 shares of the company’s stock worth $401,000 after buying an additional 1,042 shares during the period. Hedge funds and other institutional investors own 17.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FSZ. CIBC lifted their price target on shares of Fiera Capital from C$7.00 to C$8.25 and gave the company a “neutral” rating in a report on Thursday, February 29th. Desjardins lifted their price target on shares of Fiera Capital from C$6.50 to C$7.25 and gave the company a “hold” rating in a report on Thursday, February 29th. TD Securities lifted their price target on shares of Fiera Capital from C$7.50 to C$8.00 and gave the company a “hold” rating in a report on Friday, March 1st. Royal Bank of Canada lifted their target price on shares of Fiera Capital from C$6.00 to C$7.00 and gave the company a “sector perform” rating in a report on Thursday, February 29th. Finally, Scotiabank lifted their target price on shares of Fiera Capital from C$7.00 to C$8.00 and gave the company a “sector perform” rating in a report on Thursday, February 29th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$7.79.

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.