Canaccord Genuity Group Inc. (TSE:CF) Announces Quarterly Dividend of $0.09

Canaccord Genuity Group Inc. (TSE:CF) declared a quarterly dividend on Thursday, August 8th, Zacks reports. Investors of record on Friday, August 30th will be given a dividend of 0.085 per share by the financial services provider on Tuesday, September 10th. This represents a $0.34 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Friday, August 30th.

Canaccord Genuity Group Trading Down 2.5 %

Shares of CF stock opened at C$8.43 on Wednesday. The firm has a 50 day moving average price of C$8.62 and a two-hundred day moving average price of C$8.60. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 52.93. The company has a market capitalization of C$814.93 million, a PE ratio of -84.30, a price-to-earnings-growth ratio of 0.54 and a beta of 1.62. Canaccord Genuity Group has a 12-month low of C$6.50 and a 12-month high of C$9.63.

Canaccord Genuity Group (TSE:CF) last issued its quarterly earnings data on Wednesday, June 5th. The financial services provider reported C$0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.20 by C($0.05). The company had revenue of C$409.05 million for the quarter, compared to analyst estimates of C$421.00 million. Canaccord Genuity Group had a return on equity of 3.45% and a net margin of 0.18%. As a group, analysts predict that Canaccord Genuity Group will post 0.8800436 earnings per share for the current year.

Analyst Ratings Changes

CF has been the subject of a number of analyst reports. TD Securities dropped their price target on shares of Canaccord Genuity Group from C$11.00 to C$10.00 in a research report on Tuesday, August 13th. Ventum Cap Mkts upgraded shares of Canaccord Genuity Group to a “strong-buy” rating in a research report on Monday, August 12th. Cormark lifted their price target on shares of Canaccord Genuity Group from C$10.25 to C$11.50 in a research report on Friday, June 7th. Finally, Raymond James dropped their price target on shares of Canaccord Genuity Group from C$11.00 to C$10.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th.

Canaccord Genuity Group Company Profile

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.