FirstService Co. (NASDAQ:FSV) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its position in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 9.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,061 shares of the financial services provider's stock after purchasing an additional 3,524 shares during the period. Russell Investments Group Ltd. owned approximately 0.09% of FirstService worth $7,434,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of FirstService by 25.7% in the 3rd quarter. FMR LLC now owns 3,357 shares of the financial services provider's stock worth $613,000 after acquiring an additional 686 shares during the period. HighTower Advisors LLC increased its position in shares of FirstService by 3.5% in the third quarter. HighTower Advisors LLC now owns 2,932 shares of the financial services provider's stock valued at $533,000 after buying an additional 98 shares in the last quarter. Stifel Financial Corp raised its stake in shares of FirstService by 65.4% during the 3rd quarter. Stifel Financial Corp now owns 21,103 shares of the financial services provider's stock worth $3,851,000 after buying an additional 8,348 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of FirstService by 47.3% in the 3rd quarter. Wellington Management Group LLP now owns 62,613 shares of the financial services provider's stock worth $11,426,000 after buying an additional 20,097 shares in the last quarter. Finally, MML Investors Services LLC acquired a new stake in FirstService in the 3rd quarter valued at about $262,000. Hedge funds and other institutional investors own 69.35% of the company's stock.

Analyst Ratings Changes

FSV has been the subject of several research reports. 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 report on Thursday. Raymond James boosted their price target on FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Finally, StockNews.com lowered FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $203.33.

FirstService Stock Up 0.0 %

NASDAQ FSV traded up $0.08 on Friday, hitting $172.03. 97,818 shares of the stock traded hands, compared to its average volume of 108,314. FirstService Co. has a twelve month low of $141.26 and a twelve month high of $197.84. The company has a current ratio of 1.75, a quick ratio of 1.79 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $7.82 billion, a P/E ratio of 57.92 and a beta of 1.04. The stock has a 50-day moving average of $170.12 and a 200 day moving average of $179.81.

FirstService Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Monday, March 31st were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.64%. This is a boost from FirstService's previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 31st. FirstService's dividend payout ratio is presently 37.04%.

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.