Canaccord Genuity Group (TSE:CF) Releases Quarterly Earnings Results

Canaccord Genuity Group (TSE:CF) posted its earnings results on Thursday. The financial services provider reported C$0.36 EPS for the quarter, FiscalAI reports. 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$577.43 million for the quarter.

Canaccord Genuity Group Stock Performance

Shares of CF opened at C$14.37 on Friday. The company’s 50 day simple moving average is C$14.44 and its 200-day simple moving average is C$13.04. Canaccord Genuity Group has a 12-month low of C$9.48 and a 12-month high of C$15.55. The firm has a market cap of C$1.44 billion, a PE ratio of -9.91, a price-to-earnings-growth ratio of 0.54 and a beta of 1.35. The company has a current ratio of 1.14, a quick ratio of 1.05 and a debt-to-equity ratio of 104.59.

Canaccord Genuity Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.10 per share. The ex-dividend date was 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 (DPR) is -23.45%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Canaccord Genuity Group

In other Canaccord Genuity Group news, Director Donald Duncan Macfayden sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of C$14.59, for a total value of C$291,800.00. Following the completion of the sale, the director directly owned 141,705 shares of the company’s stock, valued at C$2,067,475.95. The trade was a 12.37% decrease in their ownership of the stock. 4.61% of the stock is owned by company insiders.

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.