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Baskin Financial Services Inc. Buys 1,588 Shares of FirstService Corporation (NASDAQ:FSV)

FirstService logo with Finance background

Baskin Financial Services Inc. grew its stake in FirstService Corporation (NASDAQ:FSV - Free Report) TSE: FSV by 0.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 251,850 shares of the financial services provider's stock after buying an additional 1,588 shares during the quarter. FirstService accounts for about 3.4% of Baskin Financial Services Inc.'s investment portfolio, making the stock its 15th biggest holding. Baskin Financial Services Inc. owned about 0.55% of FirstService worth $41,757,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its holdings in FirstService by 7.5% during the fourth quarter. Signaturefd LLC now owns 1,363 shares of the financial services provider's stock worth $247,000 after purchasing an additional 95 shares during the last quarter. Stifel Financial Corp boosted its holdings in FirstService by 0.5% during the fourth 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 during the last quarter. Vista Finance LLC boosted its holdings in FirstService by 7.0% during the first quarter. Vista Finance LLC now owns 2,000 shares of the financial services provider's stock worth $332,000 after purchasing an additional 131 shares during the last quarter. Fifth Third Bancorp boosted its holdings in FirstService by 23.0% during the first quarter. Fifth Third Bancorp now owns 769 shares of the financial services provider's stock worth $128,000 after purchasing an additional 144 shares during the last quarter. Finally, Snowden Capital Advisors LLC boosted its holdings in FirstService by 6.5% during the fourth quarter. Snowden Capital Advisors LLC now owns 2,473 shares of the financial services provider's stock worth $448,000 after purchasing an additional 151 shares during the last quarter. Institutional investors and hedge funds own 69.35% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on FSV shares. Scotiabank reduced their target price on shares of FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a report on Thursday, April 17th. Wall Street Zen cut shares of FirstService from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, TD Securities increased their target price on shares of FirstService from $198.00 to $200.00 and gave the stock a "hold" rating in a report on Wednesday, May 7th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $208.40.

Read Our Latest Analysis on FirstService

FirstService Stock Performance

FSV stock traded up $2.06 during trading hours on Friday, reaching $178.21. The stock had a trading volume of 41,198 shares, compared to its average volume of 111,862. The stock has a market capitalization of $8.10 billion, a PE ratio of 61.66 and a beta of 0.99. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.94 and a quick ratio of 1.94. The stock has a 50-day simple moving average of $175.35 and a 200 day simple moving average of $174.78. FirstService Corporation has a fifty-two week low of $152.32 and a fifty-two week high of $197.84.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.08. The firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.28 billion. FirstService had a net margin of 2.46% and a return on equity of 17.49%. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 earnings per share. Analysts predict that FirstService Corporation will post 5.27 EPS for the current fiscal year.

FirstService Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Monday, June 30th. FirstService's dividend payout ratio is currently 38.06%.

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.

See Also

Institutional Ownership by Quarter for FirstService (NASDAQ:FSV)

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