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

Fiera Capital Co. (TSE:FSZ) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.60 and traded as low as C$8.25. Fiera Capital shares last traded at C$8.25, with a volume of 207,418 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FSZ shares. CIBC increased their target price on shares of Fiera Capital from C$9.50 to C$11.00 in a report on Friday, November 8th. 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 research note on Wednesday, October 30th. TD Securities boosted their target price on Fiera Capital from C$9.00 to C$10.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Desjardins increased their price target on 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. Finally, BMO Capital Markets lifted their price objective on Fiera Capital from C$8.50 to C$9.00 in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$9.07.

Fiera Capital Stock Down 1.9 %

The stock has a market cap of C$723.94 million, a PE ratio of 15.28, a P/E/G ratio of -0.87 and a beta of 1.64. The business has a 50 day moving average of C$9.37 and a 200-day moving average of C$8.60. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 259.56.

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

Fiera Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, November 19th were paid a dividend of $0.216 per share. 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 10.47%. Fiera Capital’s dividend payout ratio is currently 159.26%.

Insiders Place Their Bets

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