Insider Selling: Canaccord Genuity Group (TSE:CF) Director Sells 20,000 Shares

Canaccord Genuity Group Inc. (TSE:CF) Director Donald Duncan Macfayden sold 20,000 shares of Canaccord Genuity Group stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of C$14.59, for a total value of C$291,800.00. Following the completion of the transaction, the director owned 141,705 shares of the company’s stock, valued at C$2,067,475.95. The trade was a 12.37% decrease in their position.

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

• On Monday, June 22nd, Donald Duncan Macfayden sold 29,000 shares of Canaccord Genuity Group stock. The stock was sold at an average price of C$14.82, for a total value of C$429,780.00.

Canaccord Genuity Group Stock Down 1.8%

Shares of CF stock traded down C$0.26 during trading hours on Wednesday, reaching C$14.26. 156,474 shares of the stock were exchanged, compared to its average volume of 194,976. The business’s fifty day moving average is C$12.98 and its two-hundred day moving average is C$12.29. 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 Inc. has a 12-month low of C$9.01 and a 12-month high of C$15.12. The firm has a market capitalization of C$1.43 billion, a P/E ratio of -9.83, a P/E/G ratio of 0.54 and a beta of 1.32.

Canaccord Genuity Group (TSE:CF) last issued its quarterly earnings results on Wednesday, June 3rd. The financial services provider reported C$0.48 earnings per share (EPS) for the quarter. Canaccord Genuity Group had a negative net margin of 5.94% and a negative return on equity of 17.40%. The company had revenue of C$612.69 million during the quarter. As a group, research analysts expect that Canaccord Genuity Group Inc. will post 0.8618357 EPS for the current fiscal year.

Canaccord Genuity Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, June 19th. Canaccord Genuity Group’s dividend payout ratio (DPR) is presently -23.45%.

Wall Street Analysts Forecast Growth

Separately, Ventum Financial boosted their target price on shares of 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 equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target 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.