Fiera Capital (TSE:FSZ) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of 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 traded.

Analyst Ratings Changes

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

Fiera Capital Trading Down 0.6 %

The company has a 50 day moving average of C$9.10 and a 200-day moving average of C$8.64. The stock 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 has a debt-to-equity ratio of 259.56, a quick ratio of 1.05 and a current ratio of 1.39.

Fiera Capital (TSE:FSZ) last issued its quarterly earnings results 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. 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, research analysts anticipate that Fiera Capital Co. will post 1.0905563 earnings per share 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. This is an increase from Fiera Capital’s previous quarterly dividend of $0.22. The ex-dividend date was Tuesday, November 19th. This represents a $0.86 annualized dividend and a dividend yield of 10.11%. Fiera Capital’s payout ratio is 159.26%.

Insider Activity

In related news, insider FIERA CAPITAL S.E.C. sold 10,467 shares of the company’s stock in a transaction that occurred 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. 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.