Vanguard Group Inc. lifted its stake in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,794,676 shares of the financial services provider's stock after buying an additional 23,103 shares during the period. Vanguard Group Inc. owned about 3.96% of FirstService worth $325,100,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of FSV. American Century Companies Inc. boosted its holdings in FirstService by 36.2% during the 4th quarter. American Century Companies Inc. now owns 543,163 shares of the financial services provider's stock worth $98,380,000 after acquiring an additional 144,234 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of FirstService by 486.3% during the third quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider's stock valued at $87,308,000 after purchasing an additional 389,129 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in FirstService by 57.4% during the fourth quarter. CIBC Asset Management Inc now owns 457,735 shares of the financial services provider's stock worth $83,138,000 after purchasing an additional 166,996 shares during the last quarter. Raymond James Financial Inc. bought a new stake in FirstService in the 4th quarter worth about $48,541,000. Finally, Fiera Capital Corp increased its stake in FirstService by 24.1% in the 4th quarter. Fiera Capital Corp now owns 258,848 shares of the financial services provider's stock valued at $46,839,000 after buying an additional 50,265 shares during the last quarter. Institutional investors own 69.35% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the company. Raymond James boosted their target price on FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. StockNews.com cut FirstService from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $201.67.
Check Out Our Latest Report on FirstService
FirstService Stock Performance
NASDAQ FSV traded down $2.67 on Tuesday, hitting $158.93. 213,585 shares of the stock traded hands, compared to its average volume of 105,700. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75. The business's fifty day moving average is $171.58 and its two-hundred day moving average is $180.51. FirstService Co. has a 12 month low of $141.26 and a 12 month high of $197.84. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 53.51 and a beta of 1.04.
FirstService Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Monday, March 31st were paid a dividend of $0.275 per share. This is an increase from FirstService's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.10 annualized dividend and a dividend yield of 0.69%. FirstService's dividend payout ratio is presently 37.04%.
FirstService Profile
(
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.
See Also
Before you consider FirstService, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FirstService wasn't on the list.
While FirstService currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
