Fiera Capital (TSE:FSZ) Given New C$9.00 Price Target at CIBC

Fiera Capital (TSE:FSZ - Free Report) had its target price lowered by CIBC from C$11.00 to C$9.00 in a research note published on Thursday,BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts have also recently commented on FSZ. BMO Capital Markets dropped their price objective on Fiera Capital from C$10.00 to C$9.00 in a research report on Thursday. Desjardins lifted 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 report on Thursday, October 24th. TD Securities upped their price objective on shares of Fiera Capital from C$9.00 to C$10.00 and gave the company a "hold" rating in a research note on Friday, November 8th. Scotiabank lowered their target price on shares of Fiera Capital from C$10.50 to C$10.00 in a research note on Thursday. Finally, National Bankshares increased their price target on Fiera Capital from C$8.00 to C$8.50 and gave the stock an "underperform" rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, Fiera Capital presently has a consensus rating of "Hold" and an average price target of C$8.93.

Fiera Capital Price Performance

FSZ traded down C$0.12 during midday trading on Thursday, reaching C$7.85. 256,920 shares of the company's stock were exchanged, compared to its average volume of 185,980. The business's 50-day moving average price is C$8.97 and its 200 day moving average price is C$8.64. The stock has a market capitalization of C$688.84 million, a PE ratio of 14.54, a P/E/G ratio of -0.87 and a beta of 1.64. Fiera Capital has a 1-year low of C$6.58 and a 1-year high of C$10.92. The company has a debt-to-equity ratio of 259.56, a current ratio of 1.39 and a quick ratio of 1.05.

Fiera Capital (TSE:FSZ - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported C$0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.19 by C$0.06. The firm had revenue of C$171.71 million for the quarter, compared to analyst estimates of C$163.10 million. Fiera Capital had a return on equity of 22.95% and a net margin of 8.97%. As a group, equities analysts anticipate that Fiera Capital will post 1.0905563 EPS for the current fiscal year.

Fiera Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, November 19th were issued a dividend of $0.216 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 11.01%. This is an increase from Fiera Capital's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Tuesday, November 19th. Fiera Capital's dividend payout ratio is presently 159.26%.

Insider Buying and Selling

In other news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of C$8.89, for a total value of C$93,028.60. 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.