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

Fiera Capital Co. (TSE:FSZ) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Tuesday, November 19th will be given a dividend of 0.216 per share on Thursday, December 19th. This represents a $0.86 annualized dividend and a yield of 8.61%. The ex-dividend date is Tuesday, November 19th. This is an increase from Fiera Capital’s previous quarterly dividend of $0.22.

Fiera Capital Price Performance

Shares of FSZ opened at C$10.03 on Monday. The firm has a market capitalization of C$880.13 million, a price-to-earnings ratio of 18.57, a PEG ratio of -0.87 and a beta of 1.64. The firm’s fifty day simple moving average is C$8.79 and its 200-day simple moving average is C$7.94. Fiera Capital has a twelve month low of C$4.77 and a twelve month high of C$10.92. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 259.56.

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

Insider Activity at Fiera Capital

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total value of C$73,049.00. Also, Senior Officer John Valentini sold 122,500 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$7.46, for a total transaction of C$913,347.75. Insiders have sold 207,400 shares of company stock worth $1,601,622 in the last quarter. Company insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on FSZ shares. Desjardins boosted their price objective on shares of Fiera Capital from C$7.75 to C$9.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. National Bankshares upped their price objective on shares of Fiera Capital from C$8.00 to C$8.50 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. National Bank Financial cut Fiera Capital from a “hold” rating to a “strong sell” rating in a research report on Sunday, July 28th. CIBC upped their target price on Fiera Capital from C$9.50 to C$11.00 in a research report on Friday, November 8th. Finally, TD Securities lifted their price target on Fiera Capital from C$9.00 to C$10.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$9.07.

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.