BNP Paribas Financial Markets boosted its position in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 190.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,942 shares of the financial services provider's stock after purchasing an additional 13,724 shares during the quarter. BNP Paribas Financial Markets' holdings in FirstService were worth $3,791,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Berry Wealth Group LP increased its stake in FirstService by 5.4% during the 4th quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider's stock worth $323,000 after purchasing an additional 91 shares in the last quarter. Signaturefd LLC increased its stake in FirstService by 7.5% during the 4th quarter. Signaturefd LLC now owns 1,363 shares of the financial services provider's stock worth $247,000 after purchasing an additional 95 shares in the last quarter. Stifel Financial Corp increased its stake in FirstService by 0.5% during the 4th quarter. Stifel Financial Corp now owns 21,205 shares of the financial services provider's stock worth $3,838,000 after purchasing an additional 102 shares in the last quarter. Advisors Capital Management LLC increased its stake in FirstService by 1.0% during the 4th quarter. Advisors Capital Management LLC now owns 22,555 shares of the financial services provider's stock worth $4,083,000 after purchasing an additional 233 shares in the last quarter. Finally, Trust Co. of Vermont bought a new stake in FirstService during the 4th quarter worth approximately $46,000. 69.35% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of analysts recently issued reports on FSV shares. Scotiabank lowered their target price on FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a research note on Thursday, April 17th. Raymond James increased 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. TD Securities increased their target price on FirstService from $198.00 to $200.00 and gave the stock a "hold" rating in a research note on Wednesday, May 7th. Finally, StockNews.com downgraded FirstService from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $206.33.
Check Out Our Latest Analysis on FirstService
FirstService Stock Up 0.0%
NASDAQ:FSV traded up $0.02 during trading hours on Friday, reaching $175.63. 74,285 shares of the stock were exchanged, compared to its average volume of 110,417. The stock has a market cap of $7.98 billion, a PE ratio of 59.13 and a beta of 1.04. 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 twelve month low of $141.26 and a twelve month high of $197.84. The firm has a 50 day moving average of $169.95 and a 200 day moving average of $178.15.
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, beating the consensus estimate of $0.84 by $0.08. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.28 billion. FirstService had a return on equity of 17.15% and a net margin of 2.58%. The firm's revenue for the quarter 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, equities analysts expect that FirstService Co. will post 5.27 earnings per share for the current year.
FirstService Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Monday, June 30th. FirstService's payout ratio is presently 38.06%.
FirstService Company 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.
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