Goldman Sachs Group Inc. increased its stake in shares of FirstService Corp (NASDAQ:FSV) (TSE:FSV) by 42.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,744 shares of the financial services provider’s stock after acquiring an additional 14,297 shares during the quarter. Goldman Sachs Group Inc.’s holdings in FirstService were worth $3,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. ARP Americas LP bought a new stake in shares of FirstService in the 4th quarter worth approximately $269,000. Legal & General Group Plc grew its position in shares of FirstService by 40.1% in the 3rd quarter. Legal & General Group Plc now owns 4,887 shares of the financial services provider’s stock worth $320,000 after buying an additional 1,400 shares during the last quarter. Forsta AP Fonden bought a new stake in shares of FirstService in the 4th quarter worth approximately $765,000. Spark Investment Management LLC bought a new stake in shares of FirstService in the 4th quarter worth approximately $2,672,000. Finally, Alliancebernstein L.P. grew its position in shares of FirstService by 70.2% in the 4th quarter. Alliancebernstein L.P. now owns 39,700 shares of the financial services provider’s stock worth $2,776,000 after buying an additional 16,380 shares during the last quarter. Institutional investors and hedge funds own 65.88% of the company’s stock.
FSV has been the topic of a number of recent analyst reports. BidaskClub upgraded FirstService from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Royal Bank of Canada lifted their price objective on FirstService from $75.00 to $78.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 8th. Finally, Zacks Investment Research cut FirstService from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Eight equities research analysts have rated the stock with a hold rating, FirstService presently has an average rating of “Hold” and a consensus target price of $69.20.
FirstService (NASDAQ:FSV) (TSE:FSV) last released its earnings results on Wednesday, February 7th. The financial services provider reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. The company had revenue of $438.10 million during the quarter, compared to analysts’ expectations of $416.13 million. FirstService had a return on equity of 29.64% and a net margin of 3.11%. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS. research analysts expect that FirstService Corp will post 2.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, April 6th. Stockholders of record on Thursday, March 29th were paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Wednesday, March 28th. This is a boost from FirstService’s previous quarterly dividend of $0.12. FirstService’s dividend payout ratio (DPR) is presently 26.60%.
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FirstService Company Profile
FirstService Corp. engages in the provision of property services. It operates through the FirstService Residential, and FirstService Brands segments. The FirstService Residential segment offers property management services in North America. The FirstService Brands segment covers residential and commercial customers through both franchise systems, and company-owned operations.
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