Royal Bank of Canada Acquires 77,758 Shares of FirstService Corporation $FSV

Posted by Francis Steltz on Aug 1st, 2026

Royal Bank of Canada lifted its holdings in shares of FirstService Corporation (NASDAQ:FSV – Free Report) (TSE:FSV) by 15.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 573,421 shares of the financial services provider’s stock after acquiring an additional 77,758 shares during the quarter. Royal Bank of Canada’s holdings in FirstService were worth $79,672,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FSV. Goldman Sachs Group Inc. grew its stake in FirstService by 79.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 318,648 shares of the financial services provider’s stock valued at $52,880,000 after purchasing an additional 141,152 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of FirstService by 40.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 59,389 shares of the financial services provider’s stock worth $9,856,000 after purchasing an additional 17,072 shares during the period. Strs Ohio bought a new stake in shares of FirstService during the 1st quarter worth $38,000. Cetera Investment Advisers raised its stake in shares of FirstService by 55.3% during the 2nd quarter. Cetera Investment Advisers now owns 2,599 shares of the financial services provider’s stock worth $454,000 after purchasing an additional 925 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of FirstService by 400.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the financial services provider’s stock worth $64,000 after buying an additional 292 shares during the last quarter. 69.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FSV. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $175.00 price target on shares of FirstService in a research report on Friday, July 24th. TD Securities reaffirmed a “buy” rating and issued a $195.00 price objective on shares of FirstService in a research report on Friday, July 24th. Scotiabank set a $170.00 target price on shares of FirstService in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $144.00 target price on shares of FirstService in a research note on Friday, July 24th. Finally, Loop Capital started coverage on shares of FirstService in a research note on Monday, May 4th. They set a “hold” rating and a $140.00 price target for the company. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $184.20.

Read Our Latest Stock Analysis on FSV

FirstService Stock Performance

Shares of FSV opened at $140.89 on Friday. FirstService Corporation has a 1 year low of $119.41 and a 1 year high of $209.66. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.58 and a quick ratio of 1.66. The stock’s fifty day moving average price is $140.60 and its two-hundred day moving average price is $144.92. The firm has a market cap of $6.48 billion, a PE ratio of 39.91, a PEG ratio of 3.20 and a beta of 0.94.

FirstService (NASDAQ:FSV – Get Free Report) (TSE:FSV) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.04. FirstService had a return on equity of 18.07% and a net margin of 2.88%.The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company earned $1.71 EPS. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities research analysts forecast that FirstService Corporation will post 5.61 EPS for the current year.

FirstService Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.305 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.22 annualized dividend and a yield of 0.9%. FirstService’s dividend payout ratio is 34.56%.

FirstService Profile

(Free Report)

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.