Legal & General Group Plc Has $198,000 Position in FirstService Corporation (NASDAQ:FSV)

Legal & General Group Plc boosted its position in shares of FirstService Corporation (NASDAQ:FSV) (TSE:FSV) by 37.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,289 shares of the financial services provider’s stock after buying an additional 900 shares during the period. Legal & General Group Plc’s holdings in FirstService Corporation were worth $198,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted 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 valued at $224,000 after buying an additional 195 shares in the last quarter. Parametric Portfolio Associates LLC boosted 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 valued at $474,000 after buying an additional 733 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of FirstService Corporation by 7.4% in the first quarter. Alliancebernstein L.P. now owns 19,970 shares of the financial services provider’s stock valued at $1,204,000 after buying an additional 1,380 shares in the last quarter. FMR LLC boosted its position in shares of FirstService Corporation by 22.8% in the fourth quarter. FMR LLC now owns 29,766 shares of the financial services provider’s stock valued at $1,413,000 after buying an additional 5,531 shares in the last quarter. Finally, Karp Capital Management Corp bought a new position in shares of FirstService Corporation during the first quarter valued at about $1,432,000. Hedge funds and other institutional investors own 58.68% of the company’s stock.

Shares of FirstService Corporation (FSV) traded up 0.62% during midday trading on Friday, reaching $63.48. 21,150 shares of the company’s stock were exchanged. FirstService Corporation has a 12-month low of $39.05 and a 12-month high of $67.41. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 50.78 and a beta of 0.91. The stock’s 50 day moving average price is $64.02 and its 200 day moving average price is $60.13.

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. The business had revenue of $434.90 million for the quarter, compared to the consensus estimate of $421.35 million. FirstService Corporation had a net margin of 2.84% and a return on equity of 24.64%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. Equities analysts anticipate that FirstService Corporation will post $1.96 earnings per share for the current fiscal year.

WARNING: “Legal & General Group Plc Has $198,000 Position in FirstService Corporation (NASDAQ:FSV)” was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://stocknewstimes.com/2017/08/12/legal-general-group-plc-has-198000-position-in-firstservice-corporation-nasdaqfsv.html.

Several brokerages recently issued reports on FSV. Royal Bank Of Canada boosted their price target on shares of FirstService Corporation from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, April 27th. BMO Capital Markets restated 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. upped their price objective on shares of FirstService Corporation from $61.00 to $63.00 and gave the stock a “market perform” rating in a report on Thursday, April 27th. BidaskClub cut shares of FirstService Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Finally, Zacks Investment Research cut shares of FirstService Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 27th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $67.00.

FirstService Corporation Company Profile

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.

Institutional Ownership by Quarter for FirstService Corporation (NASDAQ:FSV)

Receive News & Ratings for FirstService Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstService Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply