Fiera Capital Co. (TSE:FSZ) Plans $0.22 Quarterly Dividend

Fiera Capital Co. (TSE:FSZ) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Monday, May 20th will be given a dividend of 0.215 per share on Thursday, June 20th. This represents a $0.86 annualized dividend and a yield of 11.94%. The ex-dividend date of this dividend is Friday, May 17th.

Fiera Capital Trading Up 0.1 %

Shares of TSE:FSZ traded up C$0.01 on Thursday, reaching C$7.20. 179,857 shares of the company traded hands, compared to its average volume of 290,468. Fiera Capital has a 52 week low of C$4.32 and a 52 week high of C$8.75. 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 business’s 50-day simple moving average is C$7.86 and its 200 day simple moving average is C$6.65. The stock has a market capitalization of C$622.44 million, a P/E ratio of 14.30, a price-to-earnings-growth ratio of -0.87 and a beta of 1.65.

Fiera Capital (TSE:FSZ) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$0.37 earnings per share for the quarter, beating the consensus estimate of C$0.30 by C$0.07. Fiera Capital had a return on equity of 19.66% and a net margin of 8.51%. The firm had revenue of C$210.97 million during the quarter, compared to the consensus estimate of C$203.10 million. As a group, equities analysts anticipate that Fiera Capital will post 0.9706704 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FSZ shares. National Bankshares raised their price target on shares of Fiera Capital from C$6.00 to C$7.50 and gave the stock a “sector perform” rating in a report on Thursday, February 29th. Royal Bank of Canada upped their price target on Fiera Capital from C$6.00 to C$7.00 and gave the company a “sector perform” rating in a research report on Thursday, February 29th. Desjardins lifted their price objective on Fiera Capital from C$6.50 to C$7.25 and gave the stock a “hold” rating in a research report on Thursday, February 29th. CIBC decreased their target price on Fiera Capital from C$8.25 to C$7.25 and set a “neutral” rating for the company in a report on Friday, April 26th. Finally, Scotiabank lifted their price target 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, the stock has an average rating of “Hold” and a consensus target price of C$7.64.

Insiders Place Their Bets

In other news, Senior Officer John Valentini sold 61,600 shares of the company’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. 0.88% of the stock is owned by corporate insiders.

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.