Jane Street Group LLC Increases Position in FirstService Co. (NASDAQ:FSV)

Jane Street Group LLC increased its position in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV by 443.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,388 shares of the financial services provider's stock after purchasing an additional 19,897 shares during the quarter. Jane Street Group LLC owned 0.05% of FirstService worth $4,415,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Northern Trust Corp lifted its position in shares of FirstService by 41.7% during the 4th quarter. Northern Trust Corp now owns 64,496 shares of the financial services provider's stock valued at $11,675,000 after buying an additional 18,977 shares in the last quarter. Aquatic Capital Management LLC increased its holdings in FirstService by 134.8% in the 4th quarter. Aquatic Capital Management LLC now owns 8,219 shares of the financial services provider's stock worth $1,488,000 after acquiring an additional 4,719 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in FirstService by 53.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 656,097 shares of the financial services provider's stock worth $118,767,000 after acquiring an additional 229,889 shares during the period. Hsbc Holdings PLC raised its position in FirstService by 51.1% during the fourth quarter. Hsbc Holdings PLC now owns 17,837 shares of the financial services provider's stock worth $3,228,000 after acquiring an additional 6,032 shares during the period. Finally, Stifel Financial Corp lifted 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 valued at $3,838,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 69.35% of the company's stock.

Analyst Ratings Changes

FSV has been the subject of several research analyst reports. Scotiabank reduced their price target 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. StockNews.com lowered FirstService from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. TD Securities raised their target price on FirstService from $198.00 to $200.00 and gave the company a "hold" rating in a research report on Wednesday, May 7th. Finally, Raymond James lifted their price target on 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $206.33.

FirstService Trading Down 2.0%

FSV stock traded down $3.44 during trading on Wednesday, reaching $171.71. 126,752 shares of the stock were exchanged, compared to its average volume of 109,761. The business has a 50 day moving average price of $169.53 and a 200-day moving average price of $178.46. FirstService Co. has a 1 year low of $141.26 and a 1 year high of $197.84. The company has a current ratio of 1.75, a quick ratio of 1.79 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 57.81 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 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.08. The company had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.28 billion. FirstService had a net margin of 2.58% and a return on equity of 17.15%. FirstService'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 company posted $0.67 earnings per share. On average, research analysts predict that FirstService Co. will post 5.27 earnings per share for the current year.

FirstService Dividend Announcement

The company 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. The ex-dividend date is Monday, June 30th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.64%. FirstService's payout ratio is 38.06%.

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.