Brokerages Set Fiera Capital (FSZ) Price Target at $15.07
Fiera Capital (TSE:FSZ) has earned a consensus rating of “Buy” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have covered the stock in the last year is C$15.07.
Several research firms have weighed in on FSZ. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$14.00 target price on shares of Fiera Capital in a research report on Monday, March 26th. Desjardins dropped their target price on Fiera Capital from C$16.00 to C$14.50 and set a “buy” rating for the company in a research report on Monday, March 26th. Canaccord Genuity dropped their target price on Fiera Capital from C$15.75 to C$15.00 in a research report on Monday, March 26th. CIBC dropped their target price on Fiera Capital from C$17.50 to C$15.00 in a research report on Monday, March 26th. Finally, National Bank Financial dropped their target price on Fiera Capital from C$16.50 to C$15.50 and set an “outperform” rating for the company in a research report on Monday, March 26th.
In other news, Director Todd Michael Morgan sold 26,781 shares of the business’s stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of C$10.97, for a total transaction of C$293,787.57. Also, insider Vincent Duhamel acquired 23,900 shares of the stock in a transaction dated Monday, April 9th. The shares were bought at an average cost of C$10.79 per share, with a total value of C$257,881.00. Over the last three months, insiders have bought 99,700 shares of company stock valued at $1,088,163.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 2nd. Stockholders of record on Wednesday, May 2nd will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, April 3rd. This is an increase from Fiera Capital’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.65%.
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.
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