Fiera Capital (FSZ) Given Average Rating of “Buy” by Brokerages

Shares of Fiera Capital (TSE:FSZ) have earned a consensus rating of “Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$15.07.

FSZ has been the subject of several analyst reports. Desjardins decreased their price target on shares of 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. BMO Capital Markets reiterated an “outperform” rating and set a C$14.00 price target on shares of Fiera Capital in a report on Monday, March 26th. National Bank Financial reduced their price target on Fiera Capital from C$16.50 to C$15.50 and set an “outperform” rating on the stock in a report on Monday, March 26th. TD Securities reduced their price target on Fiera Capital from C$16.00 to C$15.00 and set a “buy” rating on the stock in a report on Friday, December 22nd. Finally, Canaccord Genuity reduced their price target on Fiera Capital from C$15.75 to C$15.00 in a report on Monday, March 26th.

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Shares of FSZ stock traded up C$0.24 during mid-day trading on Thursday, hitting C$11.43. 62,743 shares of the stock traded hands, compared to its average volume of 104,710. Fiera Capital has a 52-week low of C$10.50 and a 52-week high of C$15.09.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 2nd. Stockholders of record on Wednesday, May 2nd will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 6.65%. The ex-dividend date of this dividend is Tuesday, April 3rd. This is a positive change from Fiera Capital’s previous quarterly dividend of $0.18.

In other Fiera Capital news, insider Vincent Duhamel acquired 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 27th. The stock was purchased at an average cost of C$11.10 per share, with a total value of C$444,000.00. Also, Director Todd Michael Morgan sold 12,600 shares of the firm’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of C$11.02, for a total value of C$138,852.00. In the last quarter, insiders have bought 99,700 shares of company stock worth $1,088,163.

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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.

Analyst Recommendations for Fiera Capital (TSE:FSZ)

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