Guardian Capital Group (TSE:GCG) Trading Up 45.5% - Should You Buy?

Key Points

• Guardian Capital Group's shares surged 45.5% on Friday, reaching a last traded price of C$66.80, showing a significant increase in trading volume of 1,088% from the average.
• The company recently declared a quarterly $0.39 dividend, implying an annualized yield of 2.3% and a dividend payout ratio of 33.15%.
• Guardian Capital Group operates in Asset Management and Financial Advisory, providing services to institutional, private wealth investors, and financial advisors.

Shares of Guardian Capital Group Limited (TSE:GCG - Get Free Report) traded up 45.5% during mid-day trading on Friday . The stock traded as high as C$66.90 and last traded at C$66.80. 12,110 shares changed hands during mid-day trading, an increase of 1,088% from the average session volume of 1,019 shares. The stock had previously closed at C$45.90.

Guardian Capital Group Trading Up 0.7%

The company has a current ratio of 0.80, a quick ratio of 0.64 and a debt-to-equity ratio of 14.08. The company has a market capitalization of C$1.65 billion, a price-to-earnings ratio of 10.88 and a beta of 0.75. The company has a fifty day moving average of C$44.35 and a 200-day moving average of C$42.66.

Guardian Capital Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Friday, July 18th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, July 11th. Guardian Capital Group's payout ratio is presently 24.27%.

About Guardian Capital Group

Guardian Capital Group Ltd is a diversified financial services company. It operates in two main business areas, Asset Management and Financial Advisory. Guardian offers institutional and private wealth investment management services; financial services to international investors; services to financial advisors in its national mutual fund dealer, securities dealer, and insurance distribution network; and maintains and manages a proprietary investment portfolio.