Analysts Set Fiera Capital Co. (TSE:FSZ) Price Target at C$8.36

Shares of Fiera Capital Co. (TSE:FSZ) have received an average recommendation of “Moderate Buy” from the zero brokerages that are currently covering the firm, MarketBeat reports. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$8.26.

FSZ has been the subject of several analyst reports. CIBC increased their target price on Fiera Capital from C$7.00 to C$8.25 and gave the company a “neutral” rating in a report on Thursday, February 29th. TD Securities raised their target price on Fiera Capital from C$7.50 to C$8.00 and gave the company a “hold” rating in a research note on Friday, March 1st. Scotiabank raised their price objective on Fiera Capital from C$7.00 to C$8.00 and gave the company a “sector perform” rating in a research report on Thursday, February 29th. National Bankshares raised their price objective on Fiera Capital from C$6.00 to C$7.50 and gave the company a “sector perform” rating in a research report on Thursday, February 29th. Finally, BMO Capital Markets lowered Fiera Capital from an “outperform” rating to a “market perform” rating and raised their price objective for the company from C$8.00 to C$8.50 in a research report on Thursday, February 29th.

Fiera Capital Price Performance

Shares of Fiera Capital stock opened at C$8.26 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 228.52. The firm has a market capitalization of C$707.80 million, a PE ratio of 16.52, a price-to-earnings-growth ratio of -0.87 and a beta of 1.66. The business’s 50-day moving average price is C$7.70 and its 200-day moving average price is C$6.28. Fiera Capital has a 12 month low of C$4.32 and a 12 month high of C$8.75.

Fiera Capital (TSE:FSZ) last issued its earnings results on Wednesday, February 28th. The company reported C$0.37 earnings per share for the quarter, beating the consensus estimate of C$0.30 by C$0.07. The company had revenue of C$210.97 million during the quarter, compared to analysts’ expectations of C$203.10 million. Fiera Capital had a return on equity of 19.66% and a net margin of 8.51%. Sell-side analysts forecast that Fiera Capital will post 0.978898 EPS for the current fiscal year.

Fiera Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Thursday, March 14th will be paid a $0.215 dividend. The ex-dividend date is Wednesday, March 13th. This represents a $0.86 annualized dividend and a yield of 10.41%. Fiera Capital’s dividend payout ratio (DPR) is currently 172.00%.

Institutional Trading of Fiera Capital

Several hedge funds and other institutional investors have recently bought and sold shares of FSZ. LPL Financial LLC boosted its position in shares of Fiera Capital by 16.6% in the 4th quarter. LPL Financial LLC now owns 7,305 shares of the company’s stock worth $401,000 after purchasing an additional 1,042 shares in the last quarter. UBS Group AG boosted its position in shares of Fiera Capital by 176.6% in the 4th quarter. UBS Group AG now owns 1,848 shares of the company’s stock worth $101,000 after purchasing an additional 1,180 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Fiera Capital by 9.6% in the 2nd quarter. Prudential Financial Inc. now owns 20,078 shares of the company’s stock worth $1,211,000 after purchasing an additional 1,761 shares in the last quarter. Bank of America Corp DE raised its stake in Fiera Capital by 170.6% in the 1st quarter. Bank of America Corp DE now owns 4,249 shares of the company’s stock worth $275,000 after acquiring an additional 2,679 shares during the last quarter. Finally, Advisor Group Holdings Inc. raised its stake in Fiera Capital by 3,585.5% in the 4th quarter. Advisor Group Holdings Inc. now owns 2,801 shares of the company’s stock worth $154,000 after acquiring an additional 2,725 shares during the last quarter. Institutional investors own 17.87% of the company’s stock.

About Fiera Capital

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.