Canaccord Genuity Group (TSE:CF) Director Donald Duncan Macfayden Sells 29,000 Shares of Stock

Canaccord Genuity Group Inc. (TSE:CF – Get Free Report) Director Donald Duncan Macfayden sold 29,000 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of C$14.82, for a total value of C$429,780.00. Following the sale, the director directly owned 161,705 shares in the company, valued at approximately C$2,396,468.10. The trade was a 15.21% decrease in their position.

Donald Duncan Macfayden also recently made the following trade(s):

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• On Tuesday, June 23rd, Donald Duncan Macfayden sold 20,000 shares of Canaccord Genuity Group stock. The stock was sold at an average price of C$14.59, for a total value of C$291,800.00.

Canaccord Genuity Group Stock Performance

Shares of TSE CF opened at C$14.26 on Thursday. Canaccord Genuity Group Inc. has a 1 year low of C$9.01 and a 1 year high of C$15.12. The firm has a market cap of C$1.43 billion, a P/E ratio of -9.83, a PEG ratio of 0.54 and a beta of 1.32. The stock has a fifty day moving average price of C$13.02 and a two-hundred day moving average price of C$12.32. The company has a debt-to-equity ratio of 104.59, a quick ratio of 1.05 and a current ratio of 1.14.

Canaccord Genuity Group (TSE:CF – Get Free Report) last posted its quarterly earnings data on Wednesday, June 3rd. The financial services provider reported C$0.48 EPS for the quarter. The company had revenue of C$612.69 million for the quarter. Canaccord Genuity Group had a negative return on equity of 17.40% and a negative net margin of 5.94%. Research analysts forecast that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current fiscal year.

Canaccord Genuity Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be given a $0.10 dividend. The ex-dividend date is Friday, June 19th. This represents a $0.40 annualized dividend and a yield of 2.8%. Canaccord Genuity Group’s payout ratio is -23.45%.

Wall Street Analyst Weigh In

Separately, Ventum Financial raised their price objective on shares of Canaccord Genuity Group from C$15.50 to C$16.50 and gave the company a “buy” rating in a research report on Friday, June 5th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$16.25.

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About Canaccord Genuity Group

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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.

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