Canaccord Genuity Group (TSE:CF) Issues Earnings Results

Canaccord Genuity Group (TSE:CF) issued its earnings results on Thursday. The financial services provider reported C$0.36 EPS for the quarter, FiscalAI reports. The business had revenue of C$577.43 million during the quarter. Canaccord Genuity Group had a negative return on equity of 17.40% and a negative net margin of 5.94%.

Canaccord Genuity Group Price Performance

Shares of CF stock traded up C$0.06 during trading on Thursday, hitting C$14.76. The company had a trading volume of 424,094 shares, compared to its average volume of 204,648. The stock’s 50-day moving average is C$14.38 and its two-hundred day moving average is C$13.01. The stock has a market capitalization of C$1.48 billion, a price-to-earnings ratio of -10.18, a price-to-earnings-growth ratio of 0.54 and a beta of 1.35. The company has a quick ratio of 1.05, a current ratio of 1.14 and a debt-to-equity ratio of 104.59. Canaccord Genuity Group has a 52 week low of C$9.01 and a 52 week high of C$15.55.

Canaccord Genuity Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, June 19th. Canaccord Genuity Group’s dividend payout ratio is -23.45%.

Insider Buying and Selling

In other news, Director Donald Duncan Macfayden sold 29,000 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of C$14.82, for a total value of C$429,780.00. Following the transaction, the director owned 161,705 shares of the company’s stock, valued at C$2,396,468.10. This represents a 15.21% decrease in their position. 4.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Ventum Financial raised their price objective on shares of Canaccord Genuity Group from C$15.50 to C$16.50 and gave the company a “buy” rating in a research report on Friday, June 5th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$16.25.

Canaccord Genuity Group Company Profile

Canaccord Genuity Group Inc, a full-service financial services company, provides investment products, and investment banking and brokerage services to institutional, corporate, and private clients. It operates in two segments, Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, merger and acquisition, sales, and trading services. The Canaccord Genuity Wealth Management segment provides wealth management solutions, and brokerage and financial planning services to individual investors, private clients, charities, and intermediaries.