Fiera Capital (TSE:FSZ) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Fiera Capital Co. (TSE:FSZ - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$7.95 and traded as high as C$10.05. Fiera Capital shares last traded at C$9.98, with a volume of 522,697 shares.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FSZ shares. CIBC boosted their price target on shares of Fiera Capital from C$9.50 to C$11.00 in a research report on Friday, November 8th. National Bank Financial cut shares of Fiera Capital from a "hold" rating to a "strong sell" rating in a research report on Sunday, July 28th. Scotiabank lifted their price target on Fiera Capital from C$8.50 to C$9.00 in a research report on Wednesday, July 24th. TD Securities boosted their price objective on Fiera Capital from C$9.00 to C$10.00 and gave the stock a "hold" rating in a research note on Friday, November 8th. Finally, BMO Capital Markets lifted their target price on Fiera Capital from C$8.50 to C$9.00 in a report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of C$9.07.

Fiera Capital Price Performance

The firm has a market cap of C$854.69 million, a PE ratio of 18.48, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The stock has a 50 day simple moving average of C$8.84 and a two-hundred day simple moving average of C$7.97. The company has a debt-to-equity ratio of 259.56, a quick ratio of 1.05 and a current ratio of 1.39.

Fiera Capital (TSE:FSZ - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of C$163.10 million. Sell-side analysts expect that Fiera Capital Co. will post 1.0905563 earnings per share for the current year.

Fiera Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, November 19th will be issued a $0.216 dividend. This is an increase from Fiera Capital's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.86 dividend on an annualized basis and a yield of 8.87%. Fiera Capital's dividend payout ratio is presently 159.26%.

Insider Transactions at Fiera Capital

In related news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of the firm's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of C$7.30, for a total transaction of C$73,049.00. Also, Senior Officer John Valentini sold 10,400 shares of the business's stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$7.90, for a total value of C$82,164.16. Insiders have sold a total of 207,400 shares of company stock worth $1,601,622 in the last ninety days. 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.