Fiera Capital Co. (TSE:FSZ) Plans Quarterly Dividend of $0.22

Fiera Capital Co. (TSE:FSZ - Get Free Report) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Tuesday, November 19th will be paid a dividend of 0.216 per share on Thursday, December 19th. This represents a $0.86 annualized dividend and a dividend yield of 8.89%. The ex-dividend date of this dividend is Tuesday, November 19th. This is a boost from Fiera Capital's previous quarterly dividend of $0.22.

Fiera Capital Stock Down 10.8 %

Fiera Capital stock traded down C$1.18 during mid-day trading on Friday, hitting C$9.72. The company's stock had a trading volume of 1,224,300 shares, compared to its average volume of 291,945. The firm's 50 day moving average is C$8.54 and its 200 day moving average is C$7.85. The company has a market cap of C$852.93 million, a PE ratio of 18.00, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. 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 has a 52-week low of C$4.77 and a 52-week high of C$10.92.

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

Insider Activity at Fiera Capital

In related news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the business's stock in a transaction 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. In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the business's stock in a transaction 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 the business's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$7.46, for a total value of C$913,347.75. Insiders have sold a total of 207,400 shares of company stock valued at $1,601,622 in the last 90 days. 0.86% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. TD Securities raised their price objective on Fiera Capital from C$9.00 to C$10.00 and gave the company a "hold" rating in a research note on Friday. National Bank Financial downgraded Fiera Capital from a "hold" rating to a "strong sell" rating in a research note on Sunday, July 28th. Scotiabank raised their price objective on Fiera Capital from C$8.50 to C$9.00 in a research note on Wednesday, July 24th. BMO Capital Markets raised their price objective on Fiera Capital from C$8.50 to C$9.00 in a research note on Tuesday, October 29th. Finally, National Bankshares raised their price objective on Fiera Capital from C$8.00 to C$8.50 and gave the company an "underperform" rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of C$9.07.

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.