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TSE:FSZ
Fiera Capital Corp (FSZ.TO)
Financials 
Technical Analysis 
Jun 17, 2026, 12:00 amThis summary was created by AI, based on 3 opinions in the last 12 months.
Fiera Capital Corp (FSZ-T) faces challenges as a smaller player in the asset management sector, particularly under pressure from larger competitors moving into the ETF space. Despite offering an attractive dividend yield of 6.4%, the company has experienced declining margins and weaker institutional profits. Recent results show that while earnings per share (EPS) exceeded expectations, revenues fell short, indicating ongoing revenue decline even in a buoyant market. Although assets under management have stabilized and EBITDA slightly improved, concerns linger about long-term growth and fee pressures in the industry. The stock is considered cheap, but its history as a perceived value trap raises caution for investors looking for consistent performance.
(A Top Pick in June 21/13. Up 21.06%.) Still likes. Stock has been a little quiet recently. Did a couple of US acquisitions, and a lot of people were excited about their potential rolling into the US. It is one of those companies where slow and steady is the name of the game. Pays a nice dividend. Up to $85 billion in assets. Earnings growth is good. A solid, long-term keeper in the asset management space.
When markets start going well, people start taking money from under their mattress and putting it in and that benefits companies like this. Stock price had a tremendous ride. Returns to investors were not all that great. The question is how they will attract people in the future. Expect that people who manage money will start doing much better.
(A top pick June 21/13. Up 32.26%.) Came out of nowhere and started acquiring good Canadian companies in the asset management business, which he liked. In the past month or so, they’ve raised $100 million plus and bought 2 US companies, giving him 8 million more assets and will do exactly what they did in Canada, consolidate the business. Very aggressive. Yield of 3.13%.
Asset management company and have been in the business for 25 years. They bought Sceptre. Did a deal with UBS to get some assets. Also with Society General (?) to get some assets. One of the top 4 in Canada. They will be one of the beneficiaries of the shift from bonds to stocks. Not overly expensive. Possible takeover down the road. 3.39% yield.
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They have been buying up money management companies. They have a big shareholder in National Bank (NA-T) when they bought out one of National’s businesses. What he doesn’t like is that they are thinking of buying wealth management companies similarly to the way they have been buying institutional money managers. Thinks this is a very, very dangerous strategy to pursue.