Insider Selling: Canaccord Genuity Group (TSE:CF) Director Sells C$291,800.00 in Stock

Canaccord Genuity Group Inc. (TSE:CF) Director Donald Duncan Macfayden sold 20,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately 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 Performance

Shares of CF opened at C$14.17 on Friday. The firm has a market cap of C$1.42 billion, a PE ratio of -9.77, a PEG ratio of 0.54 and a beta of 1.32. The stock’s fifty day moving average price is C$13.09 and its two-hundred day moving average price is C$12.35. 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 1 year low of C$9.01 and a 1 year high of C$15.12.

Canaccord Genuity Group (TSE:CF) last issued its quarterly earnings results on Wednesday, June 3rd. The financial services provider reported C$0.48 EPS for the quarter. The firm 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%. On average, equities research analysts forecast that Canaccord Genuity Group Inc. will post 0.8618357 EPS 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. Investors of record on Tuesday, June 30th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, June 19th. Canaccord Genuity Group’s payout ratio is currently -23.45%.

Wall Street Analysts Forecast Growth

Separately, Ventum Financial increased 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 report on Friday, June 5th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company 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.