Insider Selling: Fiera Capital Co. (TSE:FSZ) Senior Officer Sells 36,500 Shares of Stock

Fiera Capital Co. (TSE:FSZ) Senior Officer John Valentini sold 36,500 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$8.03, for a total value of C$293,014.70.

John Valentini also recently made the following trade(s):

• On Tuesday, September 24th, John Valentini sold 10,400 shares of Fiera Capital stock. The shares were sold at an average price of C$7.90, for a total value of C$82,164.16.
• On Thursday, September 12th, John Valentini sold 122,500 shares of Fiera Capital stock. The stock was sold at an average price of C$7.46, for a total transaction of C$913,347.75.

Fiera Capital Stock Up 2.3 %

Shares of TSE:FSZ traded up C$0.19 on Friday, hitting C$8.28. 164,263 shares of the company’s stock were exchanged, compared to its average volume of 275,460. Fiera Capital Co. has a 1-year low of C$4.32 and a 1-year high of C$9.01. The company has a market capitalization of C$726.57 million, a PE ratio of 14.98, a P/E/G ratio of -0.87 and a beta of 1.63. The company has a debt-to-equity ratio of 259.56, a quick ratio of 1.05 and a current ratio of 1.39. The firm’s 50-day moving average is C$7.85 and its 200 day moving average is C$7.65.

Fiera Capital (TSE:FSZ) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.23 EPS for the quarter, beating the consensus estimate of C$0.19 by C$0.04. The company had revenue of C$164.79 million for the quarter, compared to analyst estimates of C$160.80 million. Fiera Capital had a net margin of 8.97% and a return on equity of 22.95%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FSZ. National Bankshares downgraded shares of Fiera Capital from a “sector perform” rating to an “underperform” rating and upped their target price for the stock from C$7.00 to C$8.00 in a research note on Monday, July 29th. National Bank Financial lowered Fiera Capital from a “hold” rating to a “strong sell” rating in a research report on Sunday, July 28th. CIBC reduced their price objective on Fiera Capital from C$9.00 to C$8.00 in a research note on Thursday, August 8th. TD Securities lowered their target price on Fiera Capital from C$8.00 to C$7.50 in a research note on Thursday, August 8th. Finally, Scotiabank increased their price target on Fiera Capital from C$8.50 to C$9.00 in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$7.89.

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.