Shares of Guardian Capital Group Ltd. (TSE:GCG.A – Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$45.42 and traded as low as C$45.20. Guardian Capital Group shares last traded at C$45.30, with a volume of 3,800 shares traded.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. CIBC downgraded shares of Guardian Capital Group from an “outperform” rating to a “neutral” rating and set a C$54.00 target price for the company. in a research note on Monday, February 26th. Scotiabank lowered their price objective on Guardian Capital Group from C$60.00 to C$58.00 and set an “outperform” rating for the company in a research note on Tuesday, February 27th.
View Our Latest Report on GCG.A
Guardian Capital Group Stock Performance
Guardian Capital Group Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 19th were issued a $0.37 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This is a positive change from Guardian Capital Group’s previous quarterly dividend of $0.34. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.31%. Guardian Capital Group’s dividend payout ratio (DPR) is 37.09%.
Guardian Capital Group Company Profile
Guardian Capital Group Limited, together with its subsidiaries, operates as a diversified financial services company in Canada, the United Kingdom, the United States, and the Caribbean. It manages institutional assets for pension plans, insurers, foundations, endowments, third-party mutual funds, and ETFs; and provides private wealth management services to individuals, families, and charitable organizations.
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