Fiera Capital Co. (TSE:FSZ) Receives C$7.48 Average Price Target from Analysts

Fiera Capital Co. (TSE:FSZ) has earned an average rating of “Moderate Buy” from the zero brokerages that are covering the stock, MarketBeat Ratings reports. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$7.30.

Several equities analysts have recently commented on the company. TD Securities boosted their price objective on Fiera Capital from C$7.50 to C$8.00 and gave the company a “hold” rating in a research report on Friday, March 1st. Desjardins boosted their price objective on 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 lifted their target price on Fiera Capital from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a report on Thursday, February 29th. National Bankshares lifted their target price on 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, Royal Bank of Canada lifted their target price on Fiera Capital from C$6.00 to C$7.00 and gave the stock a “sector perform” rating in a report on Thursday, February 29th.

Fiera Capital Stock Performance

FSZ stock opened at C$7.30 on Tuesday. The company has a market cap of C$625.54 million, a P/E ratio of 14.60, a price-to-earnings-growth ratio of -0.87 and a beta of 1.66. Fiera Capital has a 1 year low of C$4.32 and a 1 year high of C$8.75. The company has a debt-to-equity ratio of 228.52, a current ratio of 1.17 and a quick ratio of 1.05. The stock’s fifty day moving average price is C$7.99 and its 200-day moving average price is C$6.51.

Fiera Capital (TSE:FSZ) last released its earnings results on Wednesday, February 28th. The company reported C$0.37 earnings per share for the quarter, beating the consensus estimate 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%. On average, equities analysts forecast that Fiera Capital will post 0.9695122 earnings per share for the current year.

Fiera Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were paid a $0.215 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.86 annualized dividend and a yield of 11.78%. Fiera Capital’s dividend payout ratio (DPR) is currently 172.00%.

Insider Buying and Selling at Fiera Capital

In other Fiera Capital news, Senior Officer John Valentini sold 61,600 shares of the stock in a transaction on Thursday, April 11th. The stock was 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.

Hedge Funds Weigh In On Fiera Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG raised its stake in Fiera Capital by 176.6% in the 4th quarter. UBS Group AG now owns 1,848 shares of the company’s stock worth $101,000 after acquiring an additional 1,180 shares during the last quarter. Advisor Group Holdings Inc. raised its stake in shares of Fiera Capital by 3,585.5% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,801 shares of the company’s stock valued at $154,000 after buying an additional 2,725 shares during the last quarter. Credit Suisse AG raised its stake in shares of Fiera Capital by 196.0% during the 3rd quarter. Credit Suisse AG now owns 4,153 shares of the company’s stock valued at $192,000 after buying an additional 2,750 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Fiera Capital by 170.6% during the 1st quarter. Bank of America Corp DE now owns 4,249 shares of the company’s stock valued at $275,000 after buying an additional 2,679 shares during the last quarter. Finally, LPL Financial LLC raised its stake in shares of Fiera Capital by 16.6% during the 4th quarter. LPL Financial LLC now owns 7,305 shares of the company’s stock valued at $401,000 after buying an additional 1,042 shares during the last quarter. Hedge funds and other institutional investors own 17.87% of the company’s stock.

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.