Fiera Capital (TSE:FSZ) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Fiera Capital Co. (TSE:FSZ)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.63 and traded as low as C$8.50. Fiera Capital shares last traded at C$8.60, with a volume of 110,324 shares traded.

Analysts Set New Price Targets

A number of research firms have issued reports on FSZ. TD Securities raised their price target on shares of Fiera Capital from C$9.00 to C$10.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Desjardins lifted their price target on Fiera Capital from C$7.75 to C$9.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. National Bankshares increased their price objective on Fiera Capital from C$8.00 to C$8.50 and gave the company an “underperform” rating in a report on Wednesday, October 30th. BMO Capital Markets raised their price target on shares of Fiera Capital from C$8.50 to C$9.00 in a research report on Tuesday, October 29th. Finally, CIBC increased their target price on shares of Fiera Capital from C$9.50 to C$11.00 in a research note on Friday, November 8th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$9.07.

Fiera Capital Trading Down 0.6 %

The firm has a market cap of C$750.26 million, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The company’s 50-day moving average price is C$9.10 and its 200-day moving average price is C$8.64. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 259.56.

Fiera Capital (TSE:FSZ) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.19 by C$0.06. Fiera Capital had a return on equity of 22.95% and a net margin of 8.97%. The company had revenue of C$171.71 million for the quarter, compared to analysts’ expectations of C$163.10 million. Equities analysts expect that Fiera Capital Co. will post 1.0905563 EPS for the current fiscal year.

Fiera Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, November 19th were given a dividend of $0.216 per share. This represents a $0.86 annualized dividend and a dividend yield of 10.11%. This is a boost from Fiera Capital’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Tuesday, November 19th. Fiera Capital’s payout ratio is presently 159.26%.

Insider Buying and Selling at Fiera Capital

In other news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$8.89, for a total value of C$93,028.60. 0.86% of the stock is currently owned by insiders.

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.