Fiera Capital (TSE:FSZ) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Fiera Capital Co. (TSE:FSZ) 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.

Wall Street Analyst Weigh In

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

Fiera Capital Price Performance

The stock has a market capitalization of C$754.65 million, a P/E ratio of 15.93, a price-to-earnings-growth ratio of -0.87 and a beta of 1.64. The company has a debt-to-equity ratio of 259.56, a quick ratio of 1.05 and a current ratio of 1.39. The firm has a 50-day moving average price of C$9.15 and a 200 day moving average price of C$8.63.

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

Fiera Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, November 19th were paid a $0.216 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This is an increase from Fiera Capital’s previous quarterly dividend of $0.22. This represents a $0.86 annualized dividend and a yield of 10.05%. Fiera Capital’s payout ratio is currently 159.26%.

Insider Buying and Selling at Fiera Capital

In other Fiera Capital news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$8.89, for a total value of C$93,028.60. Company insiders own 0.86% of the company’s stock.

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.