Fiera Capital (FSZ) Sets New 1-Year High at $12.47

Fiera Capital (TSE:FSZ) reached a new 52-week high on Thursday . The company traded as high as C$12.47 and last traded at C$12.48, with a volume of 89792 shares changing hands. The stock had previously closed at C$12.34.

A number of equities research analysts have weighed in on FSZ shares. Desjardins decreased their price objective on Fiera Capital from C$16.00 to C$14.50 and set a “buy” rating on the stock in a report on Monday, March 26th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$14.00 price objective on shares of Fiera Capital in a report on Monday, March 26th. National Bank Financial decreased their price objective on Fiera Capital from C$16.50 to C$15.50 and set an “outperform” rating on the stock in a report on Monday, March 26th. Canaccord Genuity reduced their target price on Fiera Capital from C$15.75 to C$15.00 in a report on Monday, March 26th. Finally, CIBC reduced their target price on Fiera Capital from C$17.50 to C$15.00 in a report on Monday, March 26th. Seven research analysts have rated the stock with a buy rating, Fiera Capital has an average rating of “Buy” and a consensus target price of C$15.14.

Fiera Capital (TSE:FSZ) last announced its earnings results on Friday, March 23rd. The company reported C$0.32 EPS for the quarter, topping the consensus estimate of C$0.31 by C$0.01. The business had revenue of C$142.05 million for the quarter, compared to the consensus estimate of C$123.10 million. Fiera Capital had a return on equity of 3.43% and a net margin of 4.45%.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 2nd. Stockholders of record on Wednesday, May 2nd were issued a $0.19 dividend. This is an increase from Fiera Capital’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 6.09%. The ex-dividend date was Tuesday, April 3rd.

In related news, Director Todd Michael Morgan sold 26,781 shares of the business’s stock in a transaction that occurred on Wednesday, March 28th. The shares were sold at an average price of C$10.97, for a total value of C$293,787.57. Also, insider Vincent Duhamel acquired 35,800 shares of the company’s stock in a transaction that occurred on Wednesday, April 4th. The stock was bought at an average price of C$10.79 per share, with a total value of C$386,282.00. Over the last three months, insiders bought 99,700 shares of company stock worth $1,088,163 and sold 71,470 shares worth $824,125.

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.

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