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Fiera Capital A ( (TSE:FSZ) ) just unveiled an update.
Fiera Capital reported fourth-quarter 2025 total revenues of $180.1 million and net earnings of $7.7 million, with assets under management ending the year at $164.1 billion, down 1.7% from the prior quarter mainly on negative net contributions. The firm highlighted more than $3 billion in new public market mandates and over 11% annual AUM growth in private markets, alongside higher adjusted EBITDA margins, lower SG&A expenses and reduced net debt, while the board approved a quarterly dividend of 10.8 cents per share.
Management emphasized strong momentum in its core business despite overall AUM pressure from outflows, particularly in sub-advised strategies, and modest market tailwinds. The results underscore a strategic tilt toward higher-demand real assets and continued cost discipline, positioning Fiera Capital to pursue growth initiatives and potentially improve profitability for shareholders and clients in 2026.
The most recent analyst rating on (TSE:FSZ) stock is a Hold with a C$7.50 price target. To see the full list of analyst forecasts on Fiera Capital A stock, see the TSE:FSZ Stock Forecast page.
Spark’s Take on TSE:FSZ Stock
According to Spark, TipRanks’ AI Analyst, TSE:FSZ is a Neutral.
The score is driven primarily by mid-range financial quality: strong cash generation and acceptable margins are weighed down by high leverage and uneven earnings consistency. Technicals are moderately supportive (positive momentum and price above key averages) but show some overbought risk. Valuation is helped by a high dividend yield, while the earnings call was mixed—AUM growth and margin improvement tempered by weaker public-market revenues and lower net earnings.
To see Spark’s full report on TSE:FSZ stock, click here.
More about Fiera Capital A
Fiera Capital Corporation is a Montreal-based independent asset management firm listed on the Toronto Stock Exchange under the symbol FSZ. The company manages public and private market strategies for institutional investors, financial intermediaries, and private wealth clients, with a significant focus on real assets and mandates across equity and fixed income markets.
Average Trading Volume: 301,120
Technical Sentiment Signal: Sell
Current Market Cap: C$630.1M
Learn more about FSZ stock on TipRanks’ Stock Analysis page.

