Fiera Capital (TSE:FSZ) Hits New 12-Month High of $9.01

Shares of Fiera Capital Co. (TSE:FSZ – Get Free Report) reached a new 52-week high during trading on Friday. The company traded as high as C$9.01, and was last traded at C$9.00, with volume of 444267 shares traded. The stock previously closed at C$8.81.

Wall Street analysts weigh in

Several analysts have recently issued reports on the stock. CIBC raised their price target on shares of Fiera Capital from C$7.25 to C$9.00 in a report on Friday, July 19th. TD Securities raised their price target on shares of Fiera Capital from C$7.50 to C$8.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. Finally, Scotiabank raised their price target on Fiera Capital from C$8.50 to C$9.00 in a research note on Wednesday. Seven equities analysts have rated the stock with a “hold” rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$8.04.

View our latest report on Fiera Capital

Fiera Capital shares rise 1.8%

The company has a 50-day moving average of C$7.52 and a 200-day moving average of C$7.49. The company has a debt-to-equity ratio of 243.00, a current ratio of 1.34 and a quick ratio of 1.05. The stock has a market cap of C$775.46 million, a P/E ratio of 15.20, a price-to-earnings-growth ratio of -0.87 and a beta of 0.85.

Fiera Capital (TSE:FSZ – Get Free Report) last released its quarterly earnings results on Wednesday, May 8. The company reported C$0.25 EPS for the quarter, topping analysts’ consensus estimates of C$0.19 by C$0.06. The company had revenue of C$168.12 million during the quarter, compared to the consensus estimate of C$160.30 million. Fiera Capital had a net margin of 9.84% and a return on equity of 23.90%. On average, equities research analysts expect Fiera Capital Co. to post EPS of 1.0296736 for the current fiscal year.

Fiera Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Monday, May 20th were given a dividend of $0.215. The ex-dividend date for this dividend was Thursday, May 16th. This represents an annualized dividend of $0.86 and a dividend yield of 9.59%. Fiera Capital’s payout ratio is currently 145.76%.

About Fiera Capital

(Get free report)

Fiera Capital Corporation is an employee-managed investment management firm. The firm serves primarily institutional investors, mutual funds, charities 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.

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