Canaccord Genuity Group (TSE:CF) Director Sells C$429,780.00 in Stock

Canaccord Genuity Group Inc. (TSE:CF) Director Donald Duncan Macfayden sold 29,000 shares of Canaccord Genuity Group 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 transaction of C$429,780.00. Following the transaction, the director directly owned 161,705 shares in the company, valued at C$2,396,468.10. This trade represents a 15.21% decrease in their ownership of the stock.

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

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

Canaccord Genuity Group Trading Down 1.8%

CF stock traded down C$0.26 during trading on Wednesday, hitting C$14.26. 156,474 shares of the company traded hands, compared to its average volume of 194,976. The firm has a market capitalization of C$1.43 billion, a PE ratio of -9.83, a P/E/G ratio of 0.54 and a beta of 1.32. Canaccord Genuity Group Inc. has a 1 year low of C$9.01 and a 1 year high of C$15.12. The company has a 50-day moving average of C$12.98 and a 200-day moving average of C$12.29. 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) last posted its quarterly earnings results on Wednesday, June 3rd. The financial services provider reported C$0.48 earnings per share (EPS) for the quarter. The business 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%. Analysts predict that Canaccord Genuity Group Inc. will post 0.8618357 earnings per share for the current fiscal year.

Canaccord Genuity Group Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.8%. Canaccord Genuity Group’s payout ratio is presently -23.45%.

Analysts Set New Price Targets

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

About Canaccord Genuity Group

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.