FirstService Co. (NASDAQ:FSV) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its position in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 13.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,055 shares of the financial services provider's stock after purchasing an additional 10,617 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.19% of FirstService worth $16,046,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in FirstService during the 4th quarter worth approximately $98,615,000. Raymond James Financial Inc. acquired a new stake in shares of FirstService during the fourth quarter worth $48,541,000. Price T Rowe Associates Inc. MD grew its holdings in shares of FirstService by 53.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 656,097 shares of the financial services provider's stock valued at $118,767,000 after buying an additional 229,889 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of FirstService by 57.4% during the fourth quarter. CIBC Asset Management Inc now owns 457,735 shares of the financial services provider's stock valued at $83,138,000 after buying an additional 166,996 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of FirstService by 36.2% in 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 acquiring an additional 144,234 shares during the period. 69.35% of the stock is currently owned by institutional investors.

FirstService Stock Performance

FirstService stock traded down $0.39 during midday trading on Thursday, hitting $172.65. 10,754 shares of the company were exchanged, compared to its average volume of 109,999. The business has a fifty day simple moving average of $170.68 and a two-hundred day simple moving average of $177.98. 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 firm has a market capitalization of $7.85 billion, a PE ratio of 57.98 and a beta of 1.04. FirstService Co. has a fifty-two week low of $141.26 and a fifty-two week high of $197.84.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.84 by $0.08. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.28 billion. FirstService had a return on equity of 17.15% and a net margin of 2.58%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. On average, sell-side analysts forecast that FirstService Co. will post 5.27 earnings per share for the current year.

FirstService Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Monday, June 30th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.10 annualized dividend and a yield of 0.64%. FirstService's dividend payout ratio is presently 38.06%.

Analyst Ratings Changes

FSV has been the subject of a number of research reports. TD Securities lifted their price target on FirstService from $198.00 to $200.00 and gave the stock a "hold" rating in a research report on Wednesday, May 7th. Raymond James upped their target price on FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. StockNews.com lowered shares of FirstService from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Scotiabank decreased their price objective on shares of FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a research note on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, FirstService has a consensus rating of "Moderate Buy" and an average target price of $206.33.

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.