Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Fiera Capital Corporation    FSZ   CA31660A1030

FIERA CAPITAL CORPORATION

(FSZ)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Fiera Capital Corporation : Announces Normal Course Issuer Bid

share with twitter share with LinkedIn share with facebook
07/13/2020 | 07:31am EDT

MONTREAL, July 13, 2020 /CNW Telbec/ - Fiera Capital Corporation ("Fiera Capital" or the "Company") (TSX: FSZ) announces that the Toronto Stock Exchange (the "TSX") has approved the Company's normal course issuer bid ("NCIB") to purchase for cancellation up to a maximum of 2,000,000 class A subordinate voting shares (the "Class A Shares"), representing approximately 2.4% of its 84,124,711 issued and outstanding Class A Shares as at July 8, 2020. The NCIB will begin on July 15, 2020 and will end at the latest on July 14, 2021.

The Board of Directors of the Company believes that the repurchase of Class A Shares, which the Company may carry out from time to time, represents a responsible investment and the NCIB will provide Fiera Capital with the flexibility to purchase Class A Shares from time to time as it considers advisable.

The purchases under the NCIB will be made on the open market through the facilities of the TSX and through alternative trading systems, as well as outside the facilities of the TSX pursuant to exemptions available under applicable securities legislation or exemption orders issued by securities regulatory authorities. The price that the Company will pay for the Class A Shares will be the market price of such shares at the time of the acquisition, except for purchases effected outside the facilities of the TSX pursuant to exemptions available under applicable securities legislation or exemption orders issued by securities regulatory authorities which, for the purchases made pursuant to exemption orders issued by securities regulatory authorities, will be at a discount to the prevailing market price.

The average daily trading volume (the "ADTV") of the Class A Shares over the last six complete calendar months was 284,490 Class A Shares. Accordingly, under TSX rules and policies, Fiera Capital is entitled on any trading day to purchase on the TSX up to 71,122 Class A Shares. Fiera Capital may also purchase, once a week and in excess of the foregoing daily repurchase limit of 25% of the ADTV, blocks of Class A Shares that are not owned by any insiders, in accordance with the TSX rules and policies. During the last 12 months, the Company has not purchased any Class A Shares.

About Fiera Capital Corporation

Fiera Capital is a leading independent global asset management firm with approximately C$158.1 billion in assets under management as of March 31, 2020. The Company provides institutional, retail and private wealth clients with access to full-service integrated money management solutions across traditional and alternative asset classes. Fiera Capital's depth of expertise, diversified investment platform and commitment to delivering outstanding service are core to our mission of being at the forefront of investment management science to create sustainable wealth for clients. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange. www.fieracapital.com

Headquartered in Montreal, Fiera Capital, with its affiliates in various jurisdictions, has offices in over a dozen cities around the world, with regional hubs in New York (U.S.), London (UK), and Hong Kong.

In the U.S., asset management services are provided by the Company's U.S. affiliates who are investment advisers that are registered with the U.S. Securities and Exchange Commission (SEC) or exempt from registration. Registration with the SEC does not imply a certain level of skill or training. For details on the particular registration of, or exemptions therefrom relied upon by, any Fiera Capital entity, please consult this webpage.

Additional information about Fiera Capital Corporation, including the Company's annual information form, is available on SEDAR at www.sedar.com.

SOURCE Fiera Capital Corporation

© Canada Newswire, source Canada Newswire English

share with twitter share with LinkedIn share with facebook
Latest news on FIERA CAPITAL CORPORATION
08/07FIERA CAPITAL CORPORATION : announces closure of the Fiera Capital Income Opport..
AQ
07/27FIERA CAPITAL : reports June 30, 2020 preliminary assets under management
AQ
07/13FIERA CAPITAL CORPORATION : Announces Normal Course Issuer Bid
AQ
07/09FIERA CAPITAL : Comox Launches New International Private Credit Strategy
AQ
06/26FIERA CAPITAL CORPORATION : and Fiera Investments LP Close the Sale of the Retai..
AQ
06/25FIERA CAPITAL : to announce financial results for the second quarter of 2020 on ..
AQ
06/22Rally in Raw Materials Signals Economic Rebound
DJ
06/18WALL STREET STOCK EXCHANGE : Stocks Finish Little Changed as Investors Track Ris..
DJ
06/18WALL STREET STOCK EXCHANGE : Stocks Finish Little Changed as Investors Track Ris..
DJ
06/18WALL STREET STOCK EXCHANGE : Stocks Slip as Investors Track Rise in Coronavirus ..
DJ
More news
Financials
Sales 2020 684 M 511 M 511 M
Net income 2020 10,1 M 7,50 M 7,50 M
Net Debt 2020 752 M 561 M 561 M
P/E ratio 2020 36,6x
Yield 2020 8,12%
Capitalization 1 045 M 781 M 780 M
EV / Sales 2020 2,63x
EV / Sales 2021 2,43x
Nbr of Employees 850
Free-Float 52,6%
Chart FIERA CAPITAL CORPORATION
Duration : Period :
Fiera Capital Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FIERA CAPITAL CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 11,69 CAD
Last Close Price 10,34 CAD
Spread / Highest target 20,9%
Spread / Average Target 13,0%
Spread / Lowest Target 6,38%
EPS Revisions
Managers
NameTitle
Jean-Guy Desjardins Chairman & Chief Executive Officer
Jean-Philippe Lemay Global President & Chief Operating Officer
Lucas Pontillo Global Chief Financial Officer & Executive VP
Sebastiano Blandizzi Global Chief Technology & Operations Officer
Jean-Claude Monty Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
FIERA CAPITAL CORPORATION-11.70%781
BLACKROCK, INC.17.01%89 676
UBS GROUP AG-9.94%43 270
BANK OF NEW YORK MELLON CORPORATION (THE)-25.00%33 441
T. ROWE PRICE GROUP INC.13.39%31 694
STATE STREET CORPORATION-12.05%24 515