TD Waterhouse Canada Inc. Purchases 13,092 Shares of FirstService Co. (NASDAQ:FSV)

TD Waterhouse Canada Inc. increased its stake in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 18.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,485 shares of the financial services provider's stock after purchasing an additional 13,092 shares during the quarter. TD Waterhouse Canada Inc. owned approximately 0.18% of FirstService worth $14,543,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in FSV. Natixis lifted its stake 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 acquiring an additional 496 shares during the last quarter. First Trust Advisors LP acquired a new stake in FirstService in the fourth quarter valued at approximately $442,000. Osterweis Capital Management Inc. lifted its stake in FirstService by 15.6% in the fourth quarter. Osterweis Capital Management Inc. now owns 115,138 shares of the financial services provider's stock valued at $20,842,000 after acquiring an additional 15,500 shares during the last quarter. EAM Global Investors LLC acquired a new stake in FirstService in the fourth quarter valued at approximately $2,612,000. Finally, EAM Investors LLC acquired a new stake in FirstService in the fourth quarter valued at approximately $1,041,000. 69.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FSV has been the subject of a number of analyst reports. 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 research note on Thursday, April 17th. StockNews.com cut shares of FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. TD Securities boosted their price objective on shares of FirstService from $197.00 to $198.00 and gave the stock a "hold" rating in a research note on Tuesday, April 22nd. Finally, Raymond James boosted their price objective on shares of FirstService from $215.00 to $225.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $206.00.

FirstService Stock Performance

FSV stock traded down $0.91 on Friday, reaching $170.93. 98,108 shares of the company were exchanged, compared to its average volume of 108,701. FirstService Co. has a 12 month low of $141.26 and a 12 month high of $197.84. The stock's fifty day moving average price is $169.78 and its 200 day moving average price is $179.43. The firm has a market capitalization of $7.77 billion, a PE ratio of 57.55 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Monday, March 31st were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.10 dividend on an annualized basis and a yield of 0.64%. This is a positive change from FirstService's previous quarterly dividend of $0.25. FirstService's payout ratio is 37.04%.

FirstService Profile

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.