Fiera Capital Co. (TSE:FSZ – Free Report) – Research analysts at National Bank Financial dropped their Q3 2023 earnings estimates for shares of Fiera Capital in a research report issued on Thursday, August 10th. National Bank Financial analyst J. Gloyn now anticipates that the company will earn $0.23 per share for the quarter, down from their previous estimate of $0.26. The consensus estimate for Fiera Capital’s current full-year earnings is $1.09 per share. National Bank Financial also issued estimates for Fiera Capital’s Q4 2023 earnings at $0.32 EPS and FY2023 earnings at $1.01 EPS.
A number of other research firms have also weighed in on FSZ. CIBC reduced their target price on Fiera Capital from C$7.25 to C$7.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 25th. National Bankshares cut their target price on Fiera Capital from C$9.50 to C$8.50 in a research note on Tuesday, May 2nd. Finally, BMO Capital Markets raised Fiera Capital from a “market perform” rating to an “outperform” rating in a report on Monday, June 5th.
Fiera Capital Price Performance
Shares of FSZ opened at C$6.67 on Monday. The company has a debt-to-equity ratio of 239.26, a quick ratio of 1.05 and a current ratio of 1.27. Fiera Capital has a 1 year low of C$6.29 and a 1 year high of C$10.23. The firm’s 50 day moving average is C$6.58. The stock has a market cap of C$557.75 million, a price-to-earnings ratio of 35.11, a P/E/G ratio of -0.87 and a beta of 1.42.
Fiera Capital Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Tuesday, August 22nd will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $0.86 dividend on an annualized basis and a yield of 12.89%. Fiera Capital’s payout ratio is 452.63%.
Insider Activity at Fiera Capital
In other news, Senior Officer Peter Stock sold 4,000 shares of Fiera Capital stock in a transaction on Friday, June 30th. The stock was sold at an average price of C$6.37, for a total value of C$25,480.00. Following the completion of the sale, the insider now owns 45 shares of the company’s stock, valued at C$286.65. 16.08% of the stock is currently owned by company insiders.
Institutional Trading of Fiera Capital
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP bought a new position in Fiera Capital during the 4th quarter valued at $58,026,000. Jane Street Group LLC raised its holdings in Fiera Capital by 493.4% during the second quarter. Jane Street Group LLC now owns 103,532 shares of the company’s stock valued at $5,483,000 after buying an additional 86,086 shares in the last quarter. Morgan Stanley grew its position in shares of Fiera Capital by 511.5% in the fourth quarter. Morgan Stanley now owns 97,152 shares of the company’s stock valued at $5,332,000 after purchasing an additional 81,264 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in Fiera Capital during the fourth quarter worth about $2,457,000. Finally, Wells Fargo & Company MN grew its position in Fiera Capital by 184.3% during the fourth quarter. Wells Fargo & Company MN now owns 22,407 shares of the company’s stock worth $1,230,000 after buying an additional 14,526 shares in the last quarter. 17.56% of the stock is currently owned by institutional investors and hedge funds.
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.
Read More
- Five stocks we like better than Fiera Capital
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- MarketBeat Week in Review – 8/7 – 8/11
- How to Find Cloud Software Company Stocks to Trade and Invest
- 3 Retailers To Watch Closely Next Week
- NYSE Stocks Give Investors a Variety of Quality OptionsÂ
- Investing in Coffee: 3 Great Strategies to Consider
Receive News & Ratings for Fiera Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiera Capital and related companies with MarketBeat.com's FREE daily email newsletter.
