CIBC Boosts Fiera Capital (TSE:FSZ) Price Target to C$11.00

Fiera Capital (TSE:FSZ) had its target price increased by CIBC from C$9.50 to C$11.00 in a report released on Friday morning,BayStreet.CA reports.

Several other brokerages have also commented on FSZ. Scotiabank increased their price objective on Fiera Capital from C$8.50 to C$9.00 in a research report on Wednesday, July 24th. BMO Capital Markets raised their price target on Fiera Capital from C$8.50 to C$9.00 in a research report on Tuesday, October 29th. TD Securities increased their price objective on Fiera Capital from C$9.00 to C$10.00 and gave the stock a “hold” rating in a report on Friday. National Bank Financial cut Fiera Capital from a “hold” rating to a “strong sell” rating in a report on Sunday, July 28th. Finally, National Bankshares raised their target price 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 issued a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$9.07.

Fiera Capital Stock Down 0.2 %

FSZ stock opened at C$9.70 on Friday. The stock has a market cap of C$851.18 million, a P/E ratio of 17.96, a P/E/G ratio of -0.87 and a beta of 1.64. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 259.56. The stock’s fifty day simple moving average is C$8.54 and its two-hundred day simple moving average is C$7.85. Fiera Capital has a 1-year low of C$4.77 and a 1-year high of C$10.92.

Fiera Capital (TSE:FSZ) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.25 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 analysts’ expectations of C$163.10 million. Fiera Capital had a return on equity of 22.95% and a net margin of 8.97%. Analysts expect that Fiera Capital will post 1.0905563 EPS for the current year.

Fiera Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, November 19th will be paid a $0.216 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $0.86 annualized dividend and a yield of 8.91%. This is a boost from Fiera Capital’s previous quarterly dividend of $0.22. Fiera Capital’s dividend payout ratio is 159.26%.

Insiders Place Their Bets

In related news, Senior Officer John Valentini sold 28,000 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$8.57, for a total value of C$240,046.80. In other news, insider FIERA CAPITAL S.E.C. sold 10,000 shares of Fiera Capital stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of C$7.30, for a total transaction of C$73,049.00. Also, Senior Officer John Valentini sold 28,000 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$8.57, for a total transaction of C$240,046.80. Insiders sold a total of 207,400 shares of company stock worth $1,601,622 over the last 90 days. Company insiders own 0.86% 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.