Fiera Capital Co. (TSE:FSZ) Receives Consensus Rating of “Moderate Buy” from Brokerages

Fiera Capital Co. (TSE:FSZ) has been assigned a consensus rating of “Moderate Buy” from the zero ratings firms that are presently covering the firm, MarketBeat.com reports. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$8.26.

A number of equities analysts have recently weighed in on the stock. Desjardins boosted their price objective on shares of Fiera Capital from C$6.50 to C$7.25 and gave the company a “hold” rating in a research report on Thursday, February 29th. Royal Bank of Canada boosted their price objective on shares of Fiera Capital from C$6.00 to C$7.00 and gave the company a “sector perform” rating in a research report on Thursday, February 29th. BMO Capital Markets downgraded shares of Fiera Capital from an “outperform” rating to a “market perform” rating and boosted their target price for the company from C$8.00 to C$8.50 in a report on Thursday, February 29th. National Bankshares boosted their target price on shares of Fiera Capital from C$6.00 to C$7.50 and gave the company a “sector perform” rating in a report on Thursday, February 29th. Finally, TD Securities boosted their target price on shares of Fiera Capital from C$7.50 to C$8.00 and gave the company a “hold” rating in a report on Friday, March 1st.

Fiera Capital Stock Down 1.9 %

Shares of TSE FSZ opened at C$8.26 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.17 and a debt-to-equity ratio of 228.52. The stock has a market capitalization of C$707.80 million, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of -0.87 and a beta of 1.66. The firm has a 50-day moving average price of C$7.70 and a 200 day moving average price of C$6.28. Fiera Capital has a 52 week low of C$4.32 and a 52 week high of C$8.75.

Fiera Capital (TSE:FSZ) last announced its earnings results on Wednesday, February 28th. The company reported C$0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.07. The company had revenue of C$210.97 million during the quarter, compared to analysts’ expectations of C$203.10 million. Fiera Capital had a net margin of 8.51% and a return on equity of 19.66%. Equities research analysts anticipate that Fiera Capital will post 0.978898 EPS for the current fiscal year.

Fiera Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Thursday, March 14th will be paid a $0.215 dividend. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $0.86 annualized dividend and a dividend yield of 10.41%. Fiera Capital’s dividend payout ratio (DPR) is presently 172.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. First Trust Advisors LP raised its holdings in Fiera Capital by 4.1% in the first quarter. First Trust Advisors LP now owns 1,100,729 shares of the company’s stock valued at $67,108,000 after acquiring an additional 43,403 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Fiera Capital by 493.4% during the second quarter. Jane Street Group LLC now owns 103,532 shares of the company’s stock worth $5,483,000 after purchasing an additional 86,086 shares during the period. Morgan Stanley raised its holdings in shares of Fiera Capital by 511.5% during the fourth quarter. Morgan Stanley now owns 97,152 shares of the company’s stock worth $5,332,000 after purchasing an additional 81,264 shares during the period. Wells Fargo & Company MN raised its holdings in shares of 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 purchasing an additional 14,526 shares during the period. Finally, Prudential Financial Inc. raised its holdings in shares of Fiera Capital by 9.6% during the second quarter. Prudential Financial Inc. now owns 20,078 shares of the company’s stock worth $1,211,000 after purchasing an additional 1,761 shares during the period. 17.87% of the stock is currently owned by hedge funds and other institutional investors.

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.