Fiera Capital (TSE:FSZ) Share Price Passes Below 200 Day Moving Average – Here’s Why

Fiera Capital Co. (TSE:FSZ) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$8.60 and traded as low as C$8.25. Fiera Capital shares last traded at C$8.25, with a volume of 207,418 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Desjardins increased their target price 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. National Bankshares upped their target price on shares of Fiera Capital from C$8.00 to C$8.50 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. CIBC raised their price target on shares of Fiera Capital from C$9.50 to C$11.00 in a research report on Friday, November 8th. BMO Capital Markets boosted their price target on shares of Fiera Capital from C$8.50 to C$9.00 in a research note on Tuesday, October 29th. Finally, TD Securities increased their price objective on Fiera Capital from C$9.00 to C$10.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$9.07.

Fiera Capital Trading Up 1.8 %

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’s 50-day moving average price is C$9.31 and its 200-day moving average price is C$8.59. The firm has a market capitalization of C$740.61 million, a PE ratio of 15.63, a PEG ratio of -0.87 and a beta of 1.64.

Fiera Capital (TSE:FSZ) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$0.25 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of C$163.10 million. On average, sell-side analysts expect that Fiera Capital Co. will post 1.0905563 earnings per share for the current year.

Fiera Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, November 19th were issued a $0.216 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 10.24%. This is an increase from Fiera Capital’s previous quarterly dividend of $0.22. The ex-dividend date was Tuesday, November 19th. Fiera Capital’s dividend payout ratio is 159.26%.

Insiders Place Their Bets

In related news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of C$8.89, for a total value of C$93,028.60. 0.86% 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.