Fiera Capital Co. (TSE:FSZ) Receives Average Recommendation of "Moderate Buy" from Analysts

Fiera Capital Co. (TSE:FSZ - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the zero ratings firms that are currently covering the company, Marketbeat Ratings reports. The average 12 month price target among brokers that have covered the stock in the last year is C$7.42.

FSZ has been the subject of a number of research reports. Desjardins boosted their price target on shares of Fiera Capital from C$6.50 to C$7.25 and gave the company a "hold" rating in a research report on Thursday, February 29th. Scotiabank raised their price target on shares of Fiera Capital from C$7.00 to C$8.00 and gave the company a "sector perform" rating in a report on Thursday, February 29th. Royal Bank of Canada boosted their target price on shares of Fiera Capital from C$6.00 to C$7.00 and gave the company a "sector perform" rating in a research note on Thursday, February 29th. National Bankshares boosted their target price on shares of Fiera Capital from C$6.00 to C$7.50 and gave the stock a "sector perform" rating in a report on Thursday, February 29th. Finally, TD Securities boosted their price target on shares of Fiera Capital from C$7.50 to C$8.00 and gave the company a "hold" rating in a report on Friday, March 1st.

Fiera Capital Stock Down 0.8 %

Shares of FSZ traded down C$0.06 on Tuesday, reaching C$7.42. The stock had a trading volume of 309,317 shares, compared to its average volume of 294,537. Fiera Capital has a 12-month low of C$4.32 and a 12-month high of C$8.75. The company has a debt-to-equity ratio of 228.52, a quick ratio of 1.05 and a current ratio of 1.17. The firm has a market capitalization of C$635.82 million, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of -0.87 and a beta of 1.66. The company has a 50-day simple moving average of C$7.99 and a 200-day simple moving average of C$6.49.

Fiera Capital (TSE:FSZ - Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported C$0.37 EPS for the quarter, topping analysts' consensus estimates of C$0.30 by C$0.07. The company had revenue of C$210.97 million for the quarter, compared to the consensus estimate of C$203.10 million. Fiera Capital had a return on equity of 19.66% and a net margin of 8.51%. Sell-side analysts predict that Fiera Capital will post 0.9695122 EPS for the current year.

Fiera Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 11.59%. The ex-dividend date of this dividend was Wednesday, March 13th. Fiera Capital's dividend payout ratio (DPR) is presently 172.00%.

Insiders Place Their Bets

In other Fiera Capital news, Senior Officer John Valentini sold 61,600 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of C$7.88, for a total transaction of C$485,432.64. Insiders own 3.22% of the company's stock.

Institutional Investors Weigh In On Fiera Capital

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC grew its holdings in shares of Fiera Capital by 493.4% during the second quarter. Jane Street Group LLC now owns 103,532 shares of the company's stock worth $5,483,000 after purchasing an additional 86,086 shares in the last quarter. Morgan Stanley lifted its position in Fiera Capital by 511.5% in the 4th quarter. Morgan Stanley now owns 97,152 shares of the company's stock worth $5,332,000 after buying an additional 81,264 shares during the last quarter. Wells Fargo & Company MN lifted its position in Fiera Capital by 184.3% in the 4th quarter. Wells Fargo & Company MN now owns 22,407 shares of the company's stock worth $1,230,000 after buying an additional 14,526 shares during the last quarter. Prudential Financial Inc. lifted its position in Fiera Capital by 9.6% in the 2nd quarter. Prudential Financial Inc. now owns 20,078 shares of the company's stock worth $1,211,000 after buying an additional 1,761 shares during the last quarter. Finally, LPL Financial LLC lifted its position in Fiera Capital by 16.6% in the 4th quarter. LPL Financial LLC now owns 7,305 shares of the company's stock worth $401,000 after buying an additional 1,042 shares during the last quarter. 17.87% of the stock is currently owned by institutional investors.

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.