Fiera Capital (FSZ) Price Target Raised to C$16.00

Fiera Capital (TSE:FSZ) had its price objective raised by National Bank Financial from C$15.50 to C$16.00 in a report released on Monday morning. National Bank Financial currently has an outperform rating on the stock.

Other research analysts also recently issued reports about the stock. Canaccord Genuity dropped their target price on shares of Fiera Capital from C$15.75 to C$15.00 in a research report on Monday, March 26th. CIBC dropped their target price on shares of Fiera Capital from C$17.50 to C$15.00 in a research report on Monday, March 26th. Desjardins dropped their target price on shares of Fiera Capital from C$16.00 to C$14.50 and set a buy rating on the stock in a research report on Monday, March 26th. Finally, BMO Capital Markets reaffirmed an outperform rating and issued a C$14.00 target price on shares of Fiera Capital in a research report on Monday, March 26th. Seven investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of Buy and a consensus target price of C$15.14.

Shares of FSZ opened at C$12.45 on Monday. Fiera Capital has a twelve month low of C$10.50 and a twelve month high of C$15.09.

Fiera Capital (TSE:FSZ) last announced its quarterly earnings data on Friday, March 23rd. The company reported C$0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.31 by C$0.01. The business had revenue of C$142.05 million for the quarter, compared to analyst estimates of C$123.10 million. Fiera Capital had a net margin of 4.45% and a return on equity of 3.43%.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 2nd. Investors of record on Wednesday, May 2nd were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.10%. This is an increase from Fiera Capital’s previous quarterly dividend of $0.18. The ex-dividend date was Tuesday, April 3rd.

In other Fiera Capital news, Director Todd Michael Morgan sold 12,600 shares of the firm’s stock in a transaction on Friday, April 13th. The shares were sold at an average price of C$11.02, for a total transaction of C$138,852.00. Also, insider Fiera Capital S.E.C. sold 32,089 shares of the firm’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of C$12.20, for a total transaction of C$391,485.80. Over the last ninety days, insiders purchased 99,700 shares of company stock worth $1,088,163 and sold 71,470 shares worth $824,125.

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.

Analyst Recommendations for Fiera Capital (TSE:FSZ)

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