Canaccord Genuity Group (TSE:CF) Posts Quarterly Earnings Results

Canaccord Genuity Group (TSE:CFGet Free Report) released its earnings results on Thursday. The financial services provider reported C$0.36 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$577.43 million for the quarter. Canaccord Genuity Group had a negative return on equity of 17.40% and a negative net margin of 5.94%.

Canaccord Genuity Group Stock Up 0.4%

TSE:CF opened at C$14.76 on Friday. The firm has a market capitalization of C$1.48 billion, a P/E ratio of -10.18, a PEG ratio of 0.54 and a beta of 1.35. Canaccord Genuity Group has a 1-year low of C$9.01 and a 1-year high of C$15.55. The company’s fifty day moving average price is C$14.42 and its 200-day moving average price is C$13.03. The company has a debt-to-equity ratio of 104.59, a current ratio of 1.14 and a quick ratio of 1.05.

Canaccord Genuity Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, June 19th. Canaccord Genuity Group’s dividend payout ratio is -23.45%.

Analyst Ratings Changes

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

Read Our Latest Report on Canaccord Genuity Group

Insiders Place Their Bets

In other Canaccord Genuity Group news, Director Donald Duncan Macfayden sold 20,000 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of C$14.59, for a total transaction of C$291,800.00. Following the sale, the director directly owned 141,705 shares of the company’s stock, valued at approximately C$2,067,475.95. This trade represents a 12.37% decrease in their position. Corporate insiders own 4.61% of the company’s stock.

Canaccord Genuity Group Company Profile

(Get Free Report)

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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Earnings History for Canaccord Genuity Group (TSE:CF)

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