Jacobson & Schmitt Advisors LLC Sells 5,085 Shares of FirstService Co. (NASDAQ:FSV)

Jacobson & Schmitt Advisors LLC decreased its stake in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,078 shares of the financial services provider's stock after selling 5,085 shares during the period. FirstService makes up 3.3% of Jacobson & Schmitt Advisors LLC's portfolio, making the stock its 7th largest holding. Jacobson & Schmitt Advisors LLC owned approximately 0.21% of FirstService worth $17,030,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. increased its position in FirstService by 486.3% during the third quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider's stock worth $87,308,000 after acquiring an additional 389,129 shares during the period. Bank of Montreal Can increased its position in FirstService by 19.7% during the third quarter. Bank of Montreal Can now owns 388,430 shares of the financial services provider's stock worth $69,992,000 after acquiring an additional 63,807 shares during the period. JPMorgan Chase & Co. increased its position in FirstService by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 200,776 shares of the financial services provider's stock worth $36,634,000 after acquiring an additional 10,191 shares during the period. Harbor Capital Advisors Inc. increased its position in FirstService by 253.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 19,351 shares of the financial services provider's stock worth $3,503,000 after acquiring an additional 13,876 shares during the period. Finally, Stifel Financial Corp increased its position in FirstService by 65.4% during the third quarter. Stifel Financial Corp now owns 21,103 shares of the financial services provider's stock worth $3,851,000 after acquiring an additional 8,348 shares during the period. Institutional investors own 69.35% of the company's stock.

FirstService Stock Performance

FirstService stock traded down $0.19 on Friday, hitting $174.62. The company's stock had a trading volume of 134,316 shares, compared to its average volume of 122,767. The firm has a market cap of $7.91 billion, a P/E ratio of 58.79 and a beta of 1.06. 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 company has a fifty day moving average price of $179.94 and a 200-day moving average price of $182.13. FirstService Co. has a one year low of $141.26 and a one year high of $197.84.

FirstService Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Monday, March 31st will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Monday, March 31st. This is an increase from FirstService's previous quarterly dividend of $0.25. FirstService's payout ratio is currently 33.67%.

Wall Street Analysts Forecast Growth

Separately, Raymond James boosted their price target on shares of FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $201.67.

FirstService 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.