AGF Management Ltd. boosted its stake in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 29.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,527 shares of the financial services provider's stock after buying an additional 5,600 shares during the quarter. AGF Management Ltd. owned approximately 0.05% of FirstService worth $4,443,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the stock. Eos Management L.P. lifted its position in shares of FirstService by 43.6% in the fourth quarter. Eos Management L.P. now owns 13,182 shares of the financial services provider's stock valued at $2,386,000 after acquiring an additional 4,004 shares in the last quarter. King Luther Capital Management Corp increased its position in FirstService by 7.2% during the 4th quarter. King Luther Capital Management Corp now owns 35,664 shares of the financial services provider's stock worth $6,456,000 after purchasing an additional 2,380 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in FirstService by 4.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,353 shares of the financial services provider's stock valued at $3,685,000 after purchasing an additional 922 shares during the last quarter. Amundi lifted its holdings in FirstService by 21.4% in the 4th quarter. Amundi now owns 67,162 shares of the financial services provider's stock valued at $11,921,000 after purchasing an additional 11,846 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of FirstService during the 4th quarter worth about $48,541,000. Institutional investors and hedge funds own 69.35% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently weighed in on FSV. Raymond James boosted their price objective on shares of FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. StockNews.com downgraded FirstService from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, FirstService has an average rating of "Moderate Buy" and a consensus price target of $201.67.
Get Our Latest Analysis on FSV
FirstService Trading Down 0.6 %
Shares of FSV stock opened at $164.06 on Thursday. The firm's 50-day simple moving average is $177.52 and its 200-day simple moving average is $182.36. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79. FirstService Co. has a 1-year low of $141.26 and a 1-year high of $197.84. The firm has a market cap of $7.46 billion, a P/E ratio of 55.24 and a beta of 1.12.
FirstService Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, March 31st will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from FirstService's previous quarterly dividend of $0.25. FirstService's dividend payout ratio (DPR) is 37.04%.
FirstService Company Profile
(
Free Report)
FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.
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