Fiera Capital Co. (TSE:FSZ) Increases Dividend to $0.22 Per Share

Fiera Capital Co. (TSE:FSZ) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders 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 dividend on an annualized basis and a 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 Stock Performance

Shares of TSE FSZ opened at C$10.03 on Monday. The company has a 50-day simple moving average of C$8.79 and a 200-day simple moving average of C$7.94. The company has a debt-to-equity ratio of 259.56, a current ratio of 1.39 and a quick ratio of 1.05. The company has a market cap of C$880.13 million, a PE ratio of 18.57, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. 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 released its earnings results on Thursday, November 7th. The company reported C$0.25 EPS for the quarter, topping the consensus estimate of C$0.19 by C$0.06. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. The firm had revenue of C$171.71 million during the quarter, compared to analysts’ expectations of C$163.10 million. On average, equities analysts anticipate that Fiera Capital will post 1.0905563 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. CIBC upped their target price on Fiera Capital from C$9.50 to C$11.00 in a research note on Friday, November 8th. BMO Capital Markets increased their price objective on shares of Fiera Capital from C$8.50 to C$9.00 in a report on Tuesday, October 29th. TD Securities raised their target price on shares of Fiera Capital from C$9.00 to C$10.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Desjardins increased their price target on shares of 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. Finally, Scotiabank boosted their price objective on shares of Fiera Capital from C$8.50 to C$9.00 in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$9.07.

Insider Transactions at Fiera Capital

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the company’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 value of C$73,049.00. Also, Senior Officer John Valentini sold 122,500 shares of Fiera Capital stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$7.46, for a total transaction of C$913,347.75. Insiders sold 207,400 shares of company stock valued at $1,601,622 over the last 90 days. Corporate insiders own 0.86% 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.