Donald Duncan Macfayden Sells 20,000 Shares of Canaccord Genuity Group (TSE:CF) Stock

Canaccord Genuity Group Inc. (TSE:CF) Director Donald Duncan Macfayden sold 20,000 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of C$14.59, for a total transaction of C$291,800.00. Following the transaction, the director directly owned 141,705 shares in the company, valued at approximately C$2,067,475.95. The trade was a 12.37% decrease in their ownership of the stock.

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

• On Monday, June 22nd, Donald Duncan Macfayden sold 29,000 shares of Canaccord Genuity Group stock. The shares were sold at an average price of C$14.82, for a total transaction of C$429,780.00.

Canaccord Genuity Group Stock Down 0.4%

CF stock opened at C$14.20 on Friday. The stock has a market capitalization of C$1.43 billion, a P/E ratio of -9.79, a P/E/G ratio of 0.54 and a beta of 1.32. The firm has a 50-day simple moving average of C$13.06 and a 200-day simple moving average of C$12.34. The company has a quick ratio of 1.05, a current ratio of 1.14 and a debt-to-equity ratio of 104.59. Canaccord Genuity Group Inc. has a 52 week low of C$9.01 and a 52 week high of C$15.12.

Canaccord Genuity Group (TSE:CF) last released its quarterly 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 net margin of 5.94% and a negative return on equity of 17.40%. The firm had revenue of C$612.69 million during the quarter. Equities analysts forecast that Canaccord Genuity Group Inc. will post 0.8618357 earnings per share for the current fiscal year.

Canaccord Genuity Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.8%. Canaccord Genuity Group’s dividend payout ratio is presently -23.45%.

Analyst Ratings Changes

Separately, Ventum Financial lifted their price target on Canaccord Genuity Group from C$15.50 to C$16.50 and gave the stock a “buy” rating in a research note on Friday, June 5th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$16.25.

About Canaccord Genuity Group

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.