FirstService Co. (NASDAQ:FSV) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its holdings in FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 51.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,837 shares of the financial services provider's stock after purchasing an additional 6,032 shares during the quarter. Hsbc Holdings PLC's holdings in FirstService were worth $3,228,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Stifel Financial Corp boosted its holdings in FirstService by 0.5% in the 4th quarter. Stifel Financial Corp now owns 21,205 shares of the financial services provider's stock valued at $3,838,000 after purchasing an additional 102 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in FirstService by 18.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 83,485 shares of the financial services provider's stock valued at $14,543,000 after purchasing an additional 13,092 shares in the last quarter. Natixis raised its holdings in FirstService by 5,511.1% during the fourth quarter. Natixis now owns 505 shares of the financial services provider's stock worth $91,000 after purchasing an additional 496 shares during the last quarter. First Trust Advisors LP purchased a new stake in FirstService during the fourth quarter worth $442,000. Finally, Osterweis Capital Management Inc. increased its position in shares of 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 buying an additional 15,500 shares in the last quarter. 69.35% of the stock is currently owned by institutional investors and hedge funds.

FirstService Trading Down 0.7 %

Shares of FSV stock traded down $1.17 on Monday, reaching $175.01. 25,325 shares of the stock were exchanged, compared to its average volume of 149,252. The firm has a 50 day moving average of $169.72 and a two-hundred day moving average of $178.99. FirstService Co. has a 1-year low of $141.26 and a 1-year high of $197.84. The company has a quick ratio of 1.79, a current ratio of 1.75 and a debt-to-equity ratio of 1.09. The stock has a market cap of $7.95 billion, a P/E ratio of 58.93 and a beta of 1.04.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.08. The firm 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 revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 EPS. On average, research analysts anticipate that FirstService Co. will post 5.27 EPS for the current year.

FirstService Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Monday, March 31st were given a $0.275 dividend. This is an increase from FirstService's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.10 annualized dividend and a yield of 0.63%. FirstService's dividend payout ratio (DPR) is 38.06%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on FSV shares. Scotiabank dropped 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. TD Securities upped their target price on FirstService from $197.00 to $198.00 and gave the company a "hold" rating in a research note on Tuesday, April 22nd. StockNews.com downgraded FirstService from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Raymond James upped their price objective on FirstService from $215.00 to $225.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $206.00.

FirstService Company 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.