Fiera Capital (TSE:FSZ) Given New C$7.25 Price Target at CIBC

Fiera Capital (TSE:FSZ) had its price objective decreased by CIBC from C$8.25 to C$7.25 in a research report report published on Friday, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

Several other brokerages have also recently commented on FSZ. Scotiabank raised their target price on Fiera Capital from C$7.00 to C$8.00 and gave the stock a sector perform rating in a research report on Thursday, February 29th. TD Securities increased their price objective on Fiera Capital from C$7.50 to C$8.00 and gave the stock a hold rating in a report on Friday, March 1st. Desjardins increased their price objective on Fiera Capital from C$6.50 to C$7.25 and gave the stock a hold rating in a report on Thursday, February 29th. Royal Bank of Canada increased their price objective on Fiera Capital from C$6.00 to C$7.00 and gave the stock a sector perform rating in a report on Thursday, February 29th. Finally, BMO Capital Markets lowered Fiera Capital from an outperform rating to a market perform rating and raised their target price for the company from C$8.00 to C$8.50 in a report on Thursday, February 29th. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Fiera Capital currently has an average rating of Hold and an average price target of C$7.64.

Fiera Capital Stock Performance

Shares of Fiera Capital stock opened at C$7.02 on Friday. The stock has a market cap of C$9.48 million, a PE ratio of 14.04, a price-to-earnings-growth ratio of -0.87 and a beta of 0.81. The business has a fifty day simple moving average of C$7.96 and a 200-day simple moving average of C$6.60. The company has a quick ratio of 1.05, a current ratio of 1.17 and a debt-to-equity ratio of 228.52. 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 EPS for the quarter, topping the consensus estimate of C$0.30 by C$0.07. The business 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%. On average, sell-side analysts anticipate that Fiera Capital will post 0.9695122 EPS for the current fiscal year.

Fiera Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 12.25%. The ex-dividend date of this dividend was Wednesday, March 13th. Fiera Capital’s dividend payout ratio (DPR) is presently 172.00%.

Insider Buying and Selling

In other Fiera Capital news, Senior Officer John Valentini sold 61,600 shares of Fiera Capital stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of C$7.88, for a total transaction of C$485,432.64. 3.22% of the stock is owned by company insiders.

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.