Fiera Capital Co. (TSE:FSZ) Given Consensus Recommendation of “N/A” by Brokerages

Shares of Fiera Capital Co. (TSE:FSZ) have earned an average recommendation of “N/A” from the zero brokerages that are currently covering the firm, Marketbeat.com reports.

Several brokerages recently commented on FSZ. BMO Capital Markets boosted their target price on Fiera Capital from C$8.50 to C$9.00 in a report on Tuesday, October 29th. National Bankshares lifted their price objective on Fiera Capital from C$8.00 to C$8.50 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. Desjardins upped their price target on Fiera Capital from C$7.75 to C$9.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. TD Securities raised their target price on Fiera Capital from C$9.00 to C$10.00 and gave the company a “hold” rating in a report on Friday, November 8th. Finally, CIBC boosted their price objective on Fiera Capital from C$9.50 to C$11.00 in a research report on Friday, November 8th.

Insider Activity at Fiera Capital

In related news, Senior Officer John Valentini sold 36,500 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$8.03, for a total value of C$293,014.70. Insiders have sold 74,900 shares of company stock worth $615,226 over the last ninety days. Company insiders own 0.86% of the company’s stock.

Fiera Capital Price Performance

FSZ opened at C$8.84 on Friday. 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 company has a market capitalization of C$775.71 million, a P/E ratio of 16.37, a PEG ratio of -0.87 and a beta of 1.64. Fiera Capital has a 1-year low of C$5.80 and a 1-year high of C$10.92. The company has a 50-day moving average of C$9.53 and a 200-day moving average of C$8.37.

Fiera Capital (TSE:FSZ) last issued its earnings results on Thursday, November 7th. The company reported C$0.25 earnings per share for the quarter, topping the consensus estimate of C$0.19 by C$0.06. The firm had revenue of C$171.71 million for the quarter, compared to analyst estimates of C$163.10 million. Fiera Capital had a return on equity of 22.95% and a net margin of 8.97%. Equities analysts expect that Fiera Capital will post 1.0905563 EPS for the current fiscal year.

Fiera Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, November 19th were issued a dividend of $0.216 per share. This is an increase from Fiera Capital’s previous quarterly dividend of $0.22. The ex-dividend date was Tuesday, November 19th. This represents a $0.86 annualized dividend and a yield of 9.77%. Fiera Capital’s dividend payout ratio is currently 159.26%.

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.