Gluskin Sheff + Associates Inc (TSE:GS) – Equities researchers at Desjardins reduced their FY2018 EPS estimates for Gluskin Sheff + Associates in a research report issued on Tuesday. Desjardins analyst G. Ho now forecasts that the company will earn $1.39 per share for the year, down from their previous forecast of $1.41. Desjardins also issued estimates for Gluskin Sheff + Associates’ FY2019 earnings at $1.69 EPS.
GS has been the subject of a number of other reports. TD Securities increased their price target on shares of Gluskin Sheff + Associates from C$17.00 to C$19.00 and gave the company a “hold” rating in a report on Friday, July 7th. BMO Capital Markets reduced their price target on shares of Gluskin Sheff + Associates from C$18.00 to C$17.00 and set a “market perform” rating for the company in a report on Tuesday, October 17th. CIBC increased their price target on shares of Gluskin Sheff + Associates from C$19.50 to C$21.50 in a report on Friday, July 7th. Finally, Scotiabank downgraded shares of Gluskin Sheff + Associates from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$20.00 to C$18.00 in a report on Wednesday, October 11th. Seven equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of C$17.86.
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In other news, insider Peter Aaron Zaltz sold 8,221 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of C$17.32, for a total transaction of C$142,387.72.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Tuesday, October 3rd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.20%. This is an increase from Gluskin Sheff + Associates’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, October 2nd.
About Gluskin Sheff + Associates
Gluskin Sheff + Associates Inc is a wealth management company serving high net worth private clients and institutional investors. The Company provides discretionary investment management services. It provides private client services to high net worth investors, including entrepreneurs, family trusts, private charitable foundations and estates.
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