Canaccord Genuity Group Inc. to Issue Quarterly Dividend of $0.09 (TSE:CF)

Canaccord Genuity Group Inc. (TSE:CF) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Friday, November 29th will be paid a dividend of 0.085 per share by the financial services provider on Tuesday, December 10th. This represents a $0.34 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Friday, November 29th.

Canaccord Genuity Group Stock Up 1.5 %

CF opened at C$10.74 on Wednesday. The stock has a market cap of C$1.04 billion, a PE ratio of -107.00, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The stock’s fifty day simple moving average is C$9.62 and its 200 day simple moving average is C$8.97. Canaccord Genuity Group has a 1-year low of C$6.53 and a 1-year high of C$10.78. The company has a current ratio of 1.21, a quick ratio of 1.05 and a debt-to-equity ratio of 52.93.

Canaccord Genuity Group (TSE:CF) last released its quarterly earnings results on Thursday, November 7th. The financial services provider reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.22 by C($0.02). Canaccord Genuity Group had a net margin of 0.18% and a return on equity of 3.45%. The company had revenue of C$428.64 million during the quarter, compared to the consensus estimate of C$440.60 million. As a group, research analysts expect that Canaccord Genuity Group will post 0.8618357 earnings per share for the current year.

Analyst Ratings Changes

CF has been the topic of several recent research reports. Ventum Cap Mkts upgraded Canaccord Genuity Group to a “strong-buy” rating in a research report on Monday, August 12th. TD Securities increased their target price on shares of Canaccord Genuity Group from C$10.00 to C$12.00 in a research report on Tuesday, November 12th. Raymond James lifted their price objective on Canaccord Genuity Group from C$11.00 to C$13.00 in a report on Monday, November 11th. Cormark boosted their price objective on shares of Canaccord Genuity Group from C$11.50 to C$12.50 in a research report on Tuesday, November 12th. Finally, Ventum Financial lifted their target price on Canaccord Genuity Group from C$10.25 to C$12.00 in a research report on Monday, November 11th.

Canaccord Genuity Group Company Profile

Canaccord Genuity Group Inc operates as a full-service investment dealer in Canada, the United States, the United Kingdom, Europe, Crown Dependencies, and Australia. It operates through two segments: Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, and trading services for corporate, institutional, and government clients.