Fiera Capital (TSE:FSZ) Price Target Cut to C$9.00 by Analysts at BMO Capital Markets

Fiera Capital (TSE:FSZ) had its target price lowered by BMO Capital Markets from C$10.00 to C$9.00 in a research note released on Thursday morning,BayStreet.CA reports.

Several other brokerages have also recently issued reports on FSZ. CIBC raised their target price on shares of Fiera Capital from C$9.50 to C$11.00 in a report on Friday, November 8th. Scotiabank lowered their price objective on shares of Fiera Capital from C$10.50 to C$10.00 in a research note on Thursday. Desjardins upped their target price on shares of Fiera Capital from C$7.75 to C$9.00 and gave the company a “hold” rating in a report on Thursday, October 24th. National Bankshares lifted their price target on shares of 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. Finally, TD Securities upped 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. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$8.93.

Fiera Capital Trading Up 1.7 %

TSE:FSZ opened at C$7.97 on Thursday. The company’s 50 day moving average price is C$9.00 and its 200-day moving average price is C$8.64. Fiera Capital has a 52 week low of C$6.58 and a 52 week high of C$10.92. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 259.56. The stock has a market cap of C$699.37 million, a price-to-earnings ratio of 14.76, a PEG ratio of -0.87 and a beta of 1.64.

Fiera Capital (TSE:FSZ) last posted 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. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%. The firm had revenue of C$171.71 million for the quarter, compared to analysts’ expectations of C$163.10 million. On average, equities research analysts forecast that Fiera Capital will post 1.0905563 earnings per share for the current fiscal year.

Fiera Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, November 19th were paid a dividend of $0.216 per share. This is a boost from Fiera Capital’s previous quarterly dividend of $0.22. The ex-dividend date was Tuesday, November 19th. This represents a $0.86 dividend on an annualized basis and a yield of 10.84%. Fiera Capital’s dividend payout ratio (DPR) is presently 159.26%.

Insiders Place Their Bets

In related news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the firm’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. 0.86% of the stock is owned by company insiders.

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.