Alliancebernstein L.P. lifted its stake in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 262.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,271 shares of the financial services provider's stock after acquiring an additional 8,881 shares during the period. Alliancebernstein L.P.'s holdings in FirstService were worth $2,221,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Franklin Resources Inc. lifted its holdings in FirstService by 486.3% in the 3rd quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider's stock valued at $87,308,000 after acquiring an additional 389,129 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in FirstService by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 200,776 shares of the financial services provider's stock valued at $36,634,000 after purchasing an additional 10,191 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in FirstService by 57.4% during the fourth quarter. CIBC Asset Management Inc now owns 457,735 shares of the financial services provider's stock worth $83,138,000 after buying an additional 166,996 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in FirstService by 253.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 19,351 shares of the financial services provider's stock worth $3,503,000 after buying an additional 13,876 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of FirstService by 4.4% in the third quarter. Geode Capital Management LLC now owns 240,603 shares of the financial services provider's stock valued at $45,144,000 after buying an additional 10,213 shares in the last quarter. 69.35% of the stock is currently owned by institutional investors.
FirstService Stock Performance
Shares of FirstService stock opened at $171.95 on Thursday. The stock has a market cap of $7.81 billion, a PE ratio of 57.90 and a beta of 1.04. FirstService Co. has a 12 month low of $141.26 and a 12 month high of $197.84. The company has a quick ratio of 1.79, a current ratio of 1.75 and a debt-to-equity ratio of 1.09. The business has a fifty day simple moving average of $170.22 and a 200-day simple moving average of $179.88.
FirstService Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Monday, March 31st were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from FirstService's previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 0.64%. FirstService's dividend payout ratio (DPR) is presently 37.04%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on FSV shares. StockNews.com cut FirstService from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Raymond James increased their price target on FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $201.67.
Read Our Latest Research Report on FSV
FirstService Company Profile
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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.
See Also
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