United Capital Financial Advisors LLC Decreases Stake in FirstService Co. (NASDAQ:FSV)

United Capital Financial Advisors LLC lessened its holdings in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 25.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,868 shares of the financial services provider's stock after selling 24,882 shares during the quarter. United Capital Financial Advisors LLC owned about 0.16% of FirstService worth $13,010,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FSV. Norges Bank acquired a new position in shares of FirstService in the fourth quarter worth about $98,615,000. Franklin Resources Inc. raised 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 worth $87,308,000 after purchasing an additional 389,129 shares during the period. Raymond James Financial Inc. purchased a new position in FirstService during the fourth quarter worth approximately $48,541,000. CIBC Asset Management Inc grew its holdings in FirstService by 57.4% in the fourth quarter. CIBC Asset Management Inc now owns 457,735 shares of the financial services provider's stock valued at $83,138,000 after purchasing an additional 166,996 shares during the period. Finally, American Century Companies Inc. increased its position in shares of FirstService by 36.2% in the fourth quarter. American Century Companies Inc. now owns 543,163 shares of the financial services provider's stock valued at $98,380,000 after buying an additional 144,234 shares in the last quarter. 69.35% of the stock is currently owned by institutional investors and hedge funds.

FirstService Stock Performance

Shares of NASDAQ FSV traded up $0.08 during trading hours on Friday, reaching $172.03. The stock had a trading volume of 97,818 shares, compared to its average volume of 108,510. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 57.92 and a beta of 1.04. FirstService Co. has a fifty-two week low of $141.26 and a fifty-two week high of $197.84. The firm has a 50-day moving average of $170.08 and a 200-day moving average of $179.74. The company has a current ratio of 1.75, a quick ratio of 1.79 and a debt-to-equity ratio of 1.09.

FirstService Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Monday, March 31st were paid a $0.275 dividend. This is a boost from FirstService's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Monday, March 31st. FirstService's payout ratio is currently 37.04%.

Analysts Set New Price Targets

Several research firms have commented on FSV. Scotiabank cut their price objective on FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a research note on Thursday. StockNews.com cut FirstService from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Raymond James raised their price objective on FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a 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 company presently has an average rating of "Moderate Buy" and an average target price of $203.33.

About FirstService

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.