Fiera Capital Corp (TSE:FSZ) – Equities researchers at National Bank Financial decreased their Q3 2019 earnings per share (EPS) estimates for Fiera Capital in a report released on Wednesday, August 14th, Zacks Investment Research reports. National Bank Financial analyst J. Gloyn now anticipates that the company will earn $0.21 per share for the quarter, down from their previous estimate of $0.27. National Bank Financial currently has a “Outperform” rating and a $13.00 target price on the stock. National Bank Financial also issued estimates for Fiera Capital’s Q4 2019 earnings at $0.42 EPS, FY2019 earnings at $1.22 EPS and FY2020 earnings at $1.41 EPS.
FSZ has been the subject of several other reports. Royal Bank of Canada cut their price target on Fiera Capital from C$14.00 to C$13.00 and set a “sector perform” rating for the company in a research note on Thursday, August 15th. TD Securities cut their price target on Fiera Capital from C$12.50 to C$11.50 and set a “hold” rating for the company in a research note on Thursday, August 15th. BMO Capital Markets cut their price target on Fiera Capital from C$12.50 to C$12.00 in a research note on Friday, July 5th. Desjardins reiterated a “buy” rating on shares of Fiera Capital in a research note on Thursday, July 4th. Finally, CIBC boosted their price target on Fiera Capital from C$14.50 to C$15.00 in a research note on Monday, April 29th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$13.08.
Fiera Capital stock opened at C$10.00 on Monday. Fiera Capital has a 12 month low of C$10.00 and a 12 month high of C$13.35. The stock’s 50 day moving average is C$10.91 and its 200-day moving average is C$11.76. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 126.09. The company has a market capitalization of $995.97 million and a price-to-earnings ratio of -76.92.
In related news, Director Jean-Guy Desjardins sold 9,565 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of C$11.30, for a total value of C$108,086.41. Following the completion of the sale, the director now directly owns 8,377 shares in the company, valued at C$94,661.78.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Monday, September 23rd will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 8.40%. The ex-dividend date is Friday, August 23rd. Fiera Capital’s dividend payout ratio (DPR) is currently -646.15%.
About Fiera Capital
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.