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

Canaccord Genuity Group Inc. (TSE:CF) Director Donald Duncan Macfayden sold 29,000 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of C$14.82, for a total transaction of C$429,780.00. Following the completion of the transaction, the director directly owned 161,705 shares in the company, valued at approximately C$2,396,468.10. This 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 stock was sold at an average price of C$14.59, for a total transaction of C$291,800.00.

Canaccord Genuity Group Trading Down 0.4%

Shares of TSE:CF opened at C$14.20 on Friday. Canaccord Genuity Group Inc. has a 12-month low of C$9.01 and a 12-month high of C$15.12. The stock has a market cap of C$1.43 billion, a PE ratio of -9.79, a P/E/G ratio of 0.54 and a beta of 1.32. The business has a 50 day moving average of C$13.06 and a 200-day moving average of C$12.34. The company has a quick ratio of 1.05, a current ratio of 1.14 and a debt-to-equity ratio of 104.59.

Canaccord Genuity Group (TSE:CF) last announced its earnings results on Wednesday, June 3rd. The financial services provider reported C$0.48 earnings per share 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%. As a group, equities research analysts forecast that Canaccord Genuity Group Inc. will post 0.8618357 earnings per share for the current year.

Canaccord Genuity Group Dividend Announcement

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 dividend of $0.10 per share. 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 dividend payout ratio (DPR) is presently -23.45%.

Analyst Ratings Changes

Separately, Ventum Financial boosted their target price 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 research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$16.25.

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. 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.