Analysts Set Fiera Capital Co. (TSE:FSZ) PT at C$7.48

Fiera Capital Co. (TSE:FSZ) has been assigned an average recommendation of “Moderate Buy” from the zero ratings firms that are currently covering the stock, MarketBeat reports. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$7.30.

Several brokerages have recently commented on FSZ. Desjardins lifted their price target on shares of Fiera Capital from C$6.50 to C$7.25 and gave the stock a “hold” rating in a research report on Thursday, February 29th. TD Securities lifted their price target on shares of Fiera Capital from C$7.50 to C$8.00 and gave the stock a “hold” rating in a research report on Friday, March 1st. Royal Bank of Canada lifted their price target on shares of Fiera Capital from C$6.00 to C$7.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 29th. Scotiabank lifted their price target on shares of 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. Finally, National Bankshares lifted their price target on shares of Fiera Capital from C$6.00 to C$7.50 and gave the stock a “sector perform” rating in a research report on Thursday, February 29th.

Fiera Capital Trading Down 1.1 %

FSZ opened at C$7.30 on Tuesday. 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 stock has a market capitalization of C$625.54 million, a PE ratio of 14.60, a PEG ratio of -0.87 and a beta of 1.66. Fiera Capital has a 1-year low of C$4.32 and a 1-year high of C$8.75. The firm has a 50-day moving average price of C$7.99 and a two-hundred day moving average price of C$6.51.

Fiera Capital (TSE:FSZ) last issued its quarterly 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. Fiera Capital had a net margin of 8.51% and a return on equity of 19.66%. The company had revenue of C$210.97 million during the quarter, compared to analysts’ expectations of C$203.10 million. As a group, equities analysts anticipate that Fiera Capital will post 0.9695122 earnings per share for the current fiscal year.

Fiera Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 11.78%. The ex-dividend date was Wednesday, March 13th. Fiera Capital’s payout ratio is 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 shares were sold at an average price of C$7.88, for a total value of C$485,432.64. 3.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. UBS Group AG lifted its position in shares of Fiera Capital by 176.6% in the fourth 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. Advisor Group Holdings Inc. lifted its position in shares of Fiera Capital by 3,585.5% in the fourth quarter. Advisor Group Holdings Inc. now owns 2,801 shares of the company’s stock worth $154,000 after purchasing an additional 2,725 shares in the last quarter. Credit Suisse AG lifted its position in shares of Fiera Capital by 196.0% in the third quarter. Credit Suisse AG now owns 4,153 shares of the company’s stock worth $192,000 after purchasing an additional 2,750 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Fiera Capital by 170.6% in the first quarter. Bank of America Corp DE now owns 4,249 shares of the company’s stock worth $275,000 after purchasing an additional 2,679 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of Fiera Capital by 16.6% in the fourth 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. Institutional investors own 17.87% of the company’s stock.

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.