Scotia Capital Inc. acquired a new stake in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 27,710 shares of the financial services provider's stock, valued at approximately $5,016,000. Scotia Capital Inc. owned 0.06% of FirstService as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the stock. FMR LLC lifted its holdings in shares of FirstService by 25.7% in the third quarter. FMR LLC now owns 3,357 shares of the financial services provider's stock worth $613,000 after buying an additional 686 shares in the last quarter. HighTower Advisors LLC grew its position in shares of FirstService by 3.5% during the 3rd quarter. HighTower Advisors LLC now owns 2,932 shares of the financial services provider's stock valued at $533,000 after purchasing an additional 98 shares in the last quarter. Stifel Financial Corp raised its position in shares of FirstService by 65.4% in the third 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 in the last quarter. Wellington Management Group LLP grew its position in FirstService by 47.3% during the third 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 bought a new position in FirstService in the 3rd quarter worth about $262,000. Hedge funds and other institutional investors own 69.35% of the company's stock.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Scotiabank decreased their price objective on shares of FirstService from $217.50 to $210.00 and set a "sector perform" rating on the stock in a research report on Thursday. StockNews.com lowered FirstService from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Raymond James lifted their target price on shares of FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $203.33.
Read Our Latest Analysis on FirstService
FirstService Trading Down 0.2 %
NASDAQ:FSV traded down $0.27 during trading hours on Thursday, hitting $171.68. The company had a trading volume of 49,595 shares, compared to its average volume of 107,989. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79. FirstService Co. has a 52 week low of $141.26 and a 52 week high of $197.84. The stock has a 50-day moving average price of $170.22 and a 200 day moving average price of $179.88. The company has a market capitalization of $7.80 billion, a PE ratio of 57.87 and a beta of 1.04.
FirstService Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Monday, March 31st were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a 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
(
Free Report)
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.
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