Franklin Resources Inc. Has $100.63 Million Holdings in FirstService Co. (NASDAQ:FSV)

Franklin Resources Inc. boosted its holdings in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 18.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 556,050 shares of the financial services provider's stock after acquiring an additional 86,909 shares during the quarter. Franklin Resources Inc. owned about 1.23% of FirstService worth $100,632,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in FirstService in the 4th quarter worth approximately $29,000. Trust Co. of Vermont purchased a new position in FirstService during the 4th quarter valued at about $46,000. Wilmington Savings Fund Society FSB acquired a new position in shares of FirstService in the 3rd quarter valued at about $53,000. Blue Trust Inc. lifted its position in shares of FirstService by 158.2% in the fourth quarter. Blue Trust Inc. now owns 728 shares of the financial services provider's stock worth $133,000 after purchasing an additional 446 shares in the last quarter. Finally, Gitterman Wealth Management LLC acquired a new stake in shares of FirstService during the fourth quarter worth approximately $201,000. 69.35% of the stock is owned by institutional investors and hedge funds.

FirstService Stock Performance

FSV traded down $1.75 on Monday, hitting $159.15. The company had a trading volume of 78,125 shares, compared to its average volume of 104,283. FirstService Co. has a 1-year low of $141.26 and a 1-year high of $197.84. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79. The company's fifty day moving average price is $173.08 and its 200 day moving average price is $180.95. The stock has a market cap of $7.23 billion, a price-to-earnings ratio of 53.51 and a beta of 1.04.

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FirstService Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, March 31st will be issued a dividend of $0.275 per share. This is an increase from FirstService's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Monday, March 31st. FirstService's dividend payout ratio is currently 37.04%.

Wall Street Analyst Weigh In

FSV has been the topic of several research reports. Raymond James upped their price objective on shares of FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. StockNews.com lowered FirstService from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $201.67.

FirstService Company Profile

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.