Fiera Capital (TSE:FSZ) Stock Price Down 8.2%

Fiera Capital Co. (TSE:FSZ) fell 8.2% during trading on Monday . The company traded as low as C$8.14 and last traded at C$8.23. 203,577 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 273,661 shares. The stock had previously closed at C$8.97.

Analyst Ratings Changes

FSZ has been the topic of several analyst reports. CIBC increased their target price on Fiera Capital from C$7.25 to C$9.00 in a research note on Friday, July 19th. Scotiabank increased their price target on shares of Fiera Capital from C$8.50 to C$9.00 in a research report on Wednesday, July 24th. Finally, TD Securities boosted their price objective on shares of Fiera Capital from C$7.50 to C$8.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$8.04.

Fiera Capital Stock Performance

The company has a debt-to-equity ratio of 243.00, a current ratio of 1.34 and a quick ratio of 1.05. The company has a market cap of C$724.45 million, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of -0.87 and a beta of 0.85. The stock has a 50-day moving average price of C$7.52 and a 200 day moving average price of C$7.50.

Fiera Capital (TSE:FSZ) last posted its earnings results on Wednesday, May 8th. 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 23.90% and a net margin of 9.84%. The business had revenue of C$168.12 million during the quarter, compared to analysts’ expectations of C$160.30 million. As a group, analysts anticipate that Fiera Capital Co. will post 1.0296736 EPS for the current fiscal year.

Fiera Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Monday, May 20th were issued a dividend of $0.215 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 10.26%. Fiera Capital’s payout ratio is 145.76%.

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.