Canaccord Genuity Group (TSE:CF) Sets New 1-Year High – Still a Buy?

Shares of Canaccord Genuity Group Inc. (TSE:CF) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$15.24 and last traded at C$15.22, with a volume of 75851 shares trading hands. The stock had previously closed at C$14.84.

Analyst Ratings Changes

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

Canaccord Genuity Group Price Performance

The firm has a market capitalization of C$1.56 billion, a P/E ratio of -10.71, a P/E/G ratio of 0.54 and a beta of 1.34. The company has a debt-to-equity ratio of 104.59, a current ratio of 1.14 and a quick ratio of 1.05. The stock’s fifty day simple moving average is C$13.74 and its 200 day simple moving average is C$12.67.

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

Canaccord Genuity Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 19th. This represents a $0.40 dividend on an annualized basis and a yield of 2.6%. Canaccord Genuity Group’s dividend payout ratio is presently -23.45%.

Insiders Place Their Bets

In other Canaccord Genuity Group news, Director Donald Duncan Macfayden sold 20,000 shares of Canaccord Genuity Group stock in a transaction 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 transaction, the director directly owned 141,705 shares of the company’s stock, valued at approximately C$2,067,475.95. The trade was a 12.37% decrease in their ownership of the stock. 4.61% of the stock is currently owned by company insiders.

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.