Chevy Chase Trust Holdings Inc. continued to hold its position in shares of FirstService Corporation (NASDAQ:FSV) (TSE:FSV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,961 shares of the financial services provider’s stock at the end of the second quarter. Chevy Chase Trust Holdings Inc.’s holdings in FirstService Corporation were worth $957,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in FSV. Toronto Dominion Bank increased its position in shares of FirstService Corporation by 0.3% in the first quarter. Toronto Dominion Bank now owns 41,188 shares of the financial services provider’s stock worth $2,490,000 after buying an additional 121 shares during the period. JPMorgan Chase & Co. increased its position in shares of FirstService Corporation by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 4,860 shares of the financial services provider’s stock worth $224,000 after buying an additional 195 shares during the period. UBS Group AG increased its position in shares of FirstService Corporation by 21.2% in the first quarter. UBS Group AG now owns 3,427 shares of the financial services provider’s stock worth $206,000 after buying an additional 600 shares during the period. Parametric Portfolio Associates LLC increased its position in shares of FirstService Corporation by 10.3% in the first quarter. Parametric Portfolio Associates LLC now owns 7,853 shares of the financial services provider’s stock worth $474,000 after buying an additional 733 shares during the period. Finally, Legal & General Group Plc increased its position in shares of FirstService Corporation by 37.7% in the first quarter. Legal & General Group Plc now owns 3,289 shares of the financial services provider’s stock worth $198,000 after buying an additional 900 shares during the period. 58.68% of the stock is owned by hedge funds and other institutional investors.
Shares of FirstService Corporation (FSV) opened at 63.48 on Friday. The stock has a 50 day moving average price of $64.02 and a 200 day moving average price of $60.13. FirstService Corporation has a 12-month low of $39.05 and a 12-month high of $67.41. The firm has a market capitalization of $2.28 billion, a P/E ratio of 50.78 and a beta of 0.91.
FirstService Corporation (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.11. FirstService Corporation had a return on equity of 24.64% and a net margin of 2.84%. The business had revenue of $434.90 million during the quarter, compared to the consensus estimate of $421.35 million. During the same period in the previous year, the business earned $0.52 EPS. The business’s quarterly revenue was up 12.9% on a year-over-year basis. Equities analysts anticipate that FirstService Corporation will post $1.96 earnings per share for the current fiscal year.
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A number of equities analysts recently issued reports on the company. Royal Bank Of Canada upped their price target on FirstService Corporation from $58.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, April 27th. BMO Capital Markets reissued a “hold” rating and issued a $65.00 price objective on shares of FirstService Corporation in a report on Thursday, April 27th. Raymond James Financial, Inc. increased their price objective on FirstService Corporation from $61.00 to $63.00 and gave the company a “market perform” rating in a report on Thursday, April 27th. BidaskClub downgraded FirstService Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Finally, Zacks Investment Research downgraded FirstService Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 27th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. FirstService Corporation currently has a consensus rating of “Buy” and an average target price of $67.00.
About FirstService Corporation
Firstservice Corporation is a provider of residential property management and other essential property services to residential and commercial customers. The Company operates through two segments: FirstService Residential and FirstService Brands. FirstService Residential is a property manager and provides ancillary services in the areas of on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel, and landscaping; banking and insurance products, and energy conservation and management solutions.
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