Gearing Up for Expansion Within Canada's Largest Market

Published: 5/14/2024

Author: FRC Analysts

*See important disclosures at the bottom of this report

Sector: Financial Services | Industry: Asset Management

Ticker Symbols:

OLY.TO - TSX 🔹

Rating and Key Data

Subscribe for free to get exclusive insights and data.

OLY is up 19% since our initiating report in November 2023, and 5% since our previous update in March 2024.
In Q1-2024, revenue was up 9% YoY amid higher interest rates, beating our estimate by 3%. EPS was up 10% YoY, but missed our estimate by 3% amid higher G&A expenses. Dividends remained flat QoQ, but increased 57% YoY to $1.80, aligning with our estimate.

Client assets held by OLY were up 3% QoQ to $11.4B. We are raising our year-end estimate by 2% to $11.8B.
In Q1-2024, 53% of revenue came from interest on unallocate

Rating and Key Data