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Toronto Dominion Bank Has $11.29 Million Holdings in FirstService Co. (NASDAQ:FSV)

FirstService logo with Finance background

Toronto Dominion Bank lessened its position in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 11.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,375 shares of the financial services provider's stock after selling 7,832 shares during the period. Toronto Dominion Bank owned 0.14% of FirstService worth $11,285,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Natixis increased its holdings in FirstService by 5,511.1% in the fourth quarter. Natixis now owns 505 shares of the financial services provider's stock valued at $91,000 after purchasing an additional 496 shares during the period. State of Wyoming acquired a new stake in FirstService in the fourth quarter valued at $101,000. Blue Trust Inc. increased its stake in shares of FirstService by 158.2% in the fourth quarter. Blue Trust Inc. now owns 728 shares of the financial services provider's stock valued at $133,000 after buying an additional 446 shares during the period. Gitterman Wealth Management LLC acquired a new stake in shares of FirstService in the fourth quarter valued at about $201,000. Finally, Two Sigma Advisers LP acquired a new stake in shares of FirstService in the fourth quarter valued at about $201,000. Institutional investors and hedge funds own 69.35% of the company's stock.

FirstService Trading Down 0.1%

NASDAQ FSV traded down $0.22 during trading hours on Monday, hitting $175.18. 108,670 shares of the company's stock were exchanged, compared to its average volume of 109,047. The stock has a 50-day simple moving average of $171.34 and a 200 day simple moving average of $177.16. FirstService Co. has a 1-year low of $146.68 and a 1-year high of $197.84. The firm has a market cap of $7.96 billion, a price-to-earnings ratio of 58.98 and a beta of 1.04. The company has a current ratio of 1.75, a quick ratio of 1.79 and a debt-to-equity ratio of 1.09.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last announced 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 company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.28 billion. FirstService had a net margin of 2.58% and a return on equity of 17.15%. The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. On average, equities analysts forecast that FirstService Co. will post 5.27 EPS for the current fiscal year.

FirstService Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Monday, June 30th. FirstService's payout ratio is 38.06%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FSV. TD Securities increased their price target on FirstService from $198.00 to $200.00 and gave the company a "hold" rating in a research note on Wednesday, May 7th. Scotiabank decreased their target price on shares of FirstService from $217.50 to $210.00 and set a "sector perform" rating for the company in a research report on Thursday, April 17th. Finally, Wall Street Zen cut shares of 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 given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $206.33.

View Our Latest Analysis on FirstService

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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Institutional Ownership by Quarter for FirstService (NASDAQ:FSV)

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