Insider Selling: Canaccord Genuity Group (TSE:CF) Director Sells C$429,780.00 in Stock

Canaccord Genuity Group Inc. (TSE:CF) Director Donald Duncan Macfayden sold 29,000 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of C$14.82, for a total value of C$429,780.00. Following the completion of the sale, the director owned 161,705 shares in the company, valued at approximately C$2,396,468.10. This represents a 15.21% decrease in their position.

Donald Duncan Macfayden also recently made the following trade(s):

• On Tuesday, June 23rd, Donald Duncan Macfayden sold 20,000 shares of Canaccord Genuity Group stock. The stock was sold at an average price of C$14.59, for a total value of C$291,800.00.

Canaccord Genuity Group Stock Down 0.2%

CF opened at C$14.17 on Friday. The business’s fifty day moving average is C$13.09 and its two-hundred day moving average is C$12.35. The company has a debt-to-equity ratio of 104.59, a quick ratio of 1.05 and a current ratio of 1.14. The company has a market cap of C$1.42 billion, a price-to-earnings ratio of -9.77, a PEG ratio of 0.54 and a beta of 1.32. Canaccord Genuity Group Inc. has a one year low of C$9.01 and a one year high of C$15.12.

Canaccord Genuity Group (TSE:CF) last posted its earnings results on Wednesday, June 3rd. The financial services provider reported C$0.48 earnings per share for the quarter. Canaccord Genuity Group had a negative return on equity of 17.40% and a negative net margin of 5.94%.The company had revenue of C$612.69 million for the quarter. Analysts anticipate that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current fiscal year.

Canaccord Genuity Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be given a $0.10 dividend. The ex-dividend date is Friday, June 19th. This represents a $0.40 annualized dividend and a dividend yield of 2.8%. Canaccord Genuity Group’s payout ratio is currently -23.45%.

Analysts Set New Price Targets

Separately, Ventum Financial raised their target price on shares of Canaccord Genuity Group from C$15.50 to C$16.50 and gave the company a “buy” rating in a report on Friday, June 5th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Canaccord Genuity Group has a consensus rating of “Buy” and a consensus target price of C$16.25.

Canaccord Genuity Group Company Profile

Canaccord Genuity Group Inc, a full-service financial services company, provides investment products, and investment banking and brokerage services to institutional, corporate, and private clients. It operates in two segments, Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, merger and acquisition, sales, and trading services. The Canaccord Genuity Wealth Management segment provides wealth management solutions, and brokerage and financial planning services to individual investors, private clients, charities, and intermediaries.