National Bank of Canada FI Has $59.61 Million Stock Holdings in FirstService Co. (NASDAQ:FSV)

National Bank of Canada FI grew its position in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 34.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 328,780 shares of the financial services provider's stock after purchasing an additional 84,069 shares during the period. National Bank of Canada FI owned about 0.73% of FirstService worth $59,605,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in FirstService by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 1,794,676 shares of the financial services provider's stock worth $325,100,000 after buying an additional 23,103 shares during the last quarter. Franklin Resources Inc. grew its position in FirstService by 18.5% in the fourth quarter. Franklin Resources Inc. now owns 556,050 shares of the financial services provider's stock worth $100,632,000 after acquiring an additional 86,909 shares in the last quarter. Norges Bank acquired a new position in shares of FirstService during the 4th quarter worth $98,615,000. American Century Companies Inc. raised its holdings in shares of FirstService by 36.2% during the 4th quarter. American Century Companies Inc. now owns 543,163 shares of the financial services provider's stock valued at $98,380,000 after purchasing an additional 144,234 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of FirstService by 57.4% in the 4th 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 last quarter. 69.35% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several research firms have weighed in on FSV. StockNews.com lowered FirstService from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Raymond James raised their price objective on FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, FirstService currently has a consensus rating of "Moderate Buy" and a consensus target price of $201.67.

FirstService Stock Performance

Shares of FirstService stock traded down $6.11 during trading on Friday, reaching $160.90. The company's stock had a trading volume of 118,289 shares, compared to its average volume of 104,333. The business's fifty day moving average price is $173.08 and its 200-day moving average price is $180.94. FirstService Co. has a one year low of $141.26 and a one year high of $197.84. The firm has a market cap of $7.31 billion, a price-to-earnings ratio of 54.18 and a beta of 1.04. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75.

FirstService Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, March 31st will be given a $0.275 dividend. This is an increase from FirstService's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Monday, March 31st. FirstService's payout ratio is currently 37.04%.

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.