Canaccord Genuity Group (TSE:CF) Director Donald Duncan Macfayden Sells 20,000 Shares

Canaccord Genuity Group Inc. (TSE:CF) Director Donald Duncan Macfayden sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of C$14.59, for a total value of C$291,800.00. Following the completion of the transaction, the director directly owned 141,705 shares in the company, valued at C$2,067,475.95. This trade represents a 12.37% decrease in their ownership of the stock.

Donald Duncan Macfayden also recently made the following trade(s):

• On Monday, June 22nd, Donald Duncan Macfayden sold 29,000 shares of Canaccord Genuity Group stock. The shares were sold at an average price of C$14.82, for a total value of C$429,780.00.

Canaccord Genuity Group Stock Down 1.8%

Canaccord Genuity Group stock opened at C$14.26 on Thursday. The firm has a market cap of C$1.43 billion, a price-to-earnings ratio of -9.83, a PEG ratio of 0.54 and a beta of 1.32. The stock has a fifty day simple moving average of C$13.02 and a two-hundred day simple moving average of C$12.32. Canaccord Genuity Group Inc. has a 12 month low of C$9.01 and a 12 month high of C$15.12. The company has a current ratio of 1.14, a quick ratio of 1.05 and a debt-to-equity ratio of 104.59.

Canaccord Genuity Group (TSE:CF) last announced its quarterly earnings results on Wednesday, June 3rd. The financial services provider reported C$0.48 earnings per share (EPS) for the quarter. The firm had revenue of C$612.69 million for the quarter. Canaccord Genuity Group had a negative return on equity of 17.40% and a negative net margin of 5.94%. Equities analysts predict that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current fiscal year.

Canaccord Genuity Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 19th. This represents a $0.40 dividend on an annualized basis and a yield of 2.8%. Canaccord Genuity Group’s payout ratio is -23.45%.

Wall Street Analysts Forecast Growth

Separately, Ventum Financial raised their price target on shares of Canaccord Genuity Group from C$15.50 to C$16.50 and gave the company a “buy” rating in a report on Friday, June 5th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$16.25.

About Canaccord Genuity Group

Canaccord Genuity Group Inc, a full-service financial services company, provides investment products, and investment banking and brokerage services to institutional, corporate, and private clients. It operates in two segments, Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, merger and acquisition, sales, and trading services. The Canaccord Genuity Wealth Management segment provides wealth management solutions, and brokerage and financial planning services to individual investors, private clients, charities, and intermediaries.