Bullboard - Stock Discussion Forum Fiera Capital Corp T.FSZ

Alternate Symbol(s): FRRPF | T.FSZ.DB.B

Fiera Capital Corporation is a Canada-based independent asset management company. The Company delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients across North America, Europe and Asia. It offers a range of traditional and non-traditional investment strategies through specialized and... see more

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TSX:FSZ - Post Discussion

Fiera Capital Corp > Can anyone explain...

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Post by BlueJay2020 on Apr 26, 2023 12:14am

Can anyone explain...

... why this stock is so out of favour? It's hard to find out as the stock is so low profile. The distribution looks reasonably sustainable so what am I missing?

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Comment by claritas on Apr 26, 2023 9:45am

They have lost major accounts which impacted Assets Under Management (AUM) which is a key metric to value asset management firms. Following the CEO departure, the founder stepped back in. I would have expected the firm to be sold as the founder (Mr Desjardins) is at a retirement point in his life. I still expect this to happen, but unless they can quickly grow AUM, the selling ...more

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Comment by BlueJay2020 on Apr 26, 2023 9:55am

That's very helpful, thanks! I'll stay on the sidelines for now!

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Comment by Detailoriented1 on Apr 28, 2023 11:27pm

I have to think that Desjardins is back as CEO to turn around and pretty up the company for being bought out. He has built and sold other asset managers and will want to sell this one as well. And while he gets it ready I suspect the dividend is safe. A reduction is already priced in so if they announce the 22 cents for the next dividend, the SP is headed back up quickly.

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Fiera Capital Corp