Insider Selling: Canaccord Genuity Group Inc (CF) Director Sells 10,000 Shares of Stock

Canaccord Genuity Group Inc (TSE:CF) Director Dvaipayan Ghose sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of C$7.00, for a total value of C$70,000.00.

Dvaipayan Ghose also recently made the following trade(s):

  • On Thursday, June 14th, Dvaipayan Ghose sold 20,000 shares of Canaccord Genuity Group stock. The shares were sold at an average price of C$7.17, for a total value of C$143,400.00.

Shares of CF traded up C$0.02 during mid-day trading on Thursday, hitting C$7.16. The company’s stock had a trading volume of 438,085 shares, compared to its average volume of 263,666. Canaccord Genuity Group Inc has a one year low of C$4.08 and a one year high of C$7.49.

Canaccord Genuity Group (TSE:CF) last posted its quarterly earnings data on Wednesday, June 6th. The financial services provider reported C$0.28 earnings per share for the quarter, beating the consensus estimate of C$0.22 by C$0.06. Canaccord Genuity Group had a return on equity of 23.93% and a net margin of 11.83%. The company had revenue of C$322.08 million during the quarter, compared to analysts’ expectations of C$283.00 million.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 3rd. Stockholders of record on Friday, June 22nd will be given a $0.01 dividend. The ex-dividend date is Thursday, June 21st. This represents a $0.04 annualized dividend and a dividend yield of 0.56%.

Several equities research analysts have recently weighed in on CF shares. TD Securities raised Canaccord Genuity Group from a “hold” rating to a “buy” rating and increased their price objective for the company from C$6.50 to C$8.00 in a research report on Friday, June 8th. Cormark increased their price objective on Canaccord Genuity Group from C$8.25 to C$9.00 in a research report on Friday, June 8th.

About Canaccord Genuity Group

Canaccord Genuity Group Inc, an independent and full-service financial services company, provides investment solutions, and brokerage and investment banking services to individual, institutional, corporate, and government clients. It operates in two segments, Canaccord Genuity and Canaccord Genuity Wealth Management.

Insider Buying and Selling by Quarter for Canaccord Genuity Group (TSE:CF)

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