Fiera Capital Co. (TSE:FSZ) to Issue Dividend Increase – $0.22 Per Share

Fiera Capital Co. (TSE:FSZ) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders 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 dividend 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

FSZ stock opened at C$10.03 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 259.56. The firm has a market cap 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 company’s fifty day simple moving average is C$8.79 and its 200 day simple moving average is C$7.93. Fiera Capital has a 12-month low of C$4.77 and a 12-month high of C$10.92.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FSZ shares. National Bankshares increased their price target on Fiera Capital from C$8.00 to C$8.50 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. BMO Capital Markets increased their target price on shares of Fiera Capital from C$8.50 to C$9.00 in a research note on Tuesday, October 29th. Scotiabank lifted their price target on shares of Fiera Capital from C$8.50 to C$9.00 in a research note on Wednesday, July 24th. TD Securities upped their price objective on shares of 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 raised their target price on Fiera Capital from C$9.50 to C$11.00 in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$9.07.

Insider Buying and Selling 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 that occurred on Tuesday, September 10th. The stock was sold at an average price of C$7.30, for a total transaction of C$73,049.00. Also, Senior Officer John Valentini sold 122,500 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$7.46, for a total value of C$913,347.75. Over the last three months, insiders have sold 207,400 shares of company stock valued at $1,601,622. Corporate insiders own 0.86% of the company’s stock.

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.