2,446 Shares in FirstService Co. (NASDAQ:FSV) Bought by XTX Topco Ltd

XTX Topco Ltd bought a new position in shares of FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 2,446 shares of the financial services provider's stock, valued at approximately $443,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Mariner LLC grew its holdings in shares of FirstService by 20.4% during the fourth quarter. Mariner LLC now owns 2,560 shares of the financial services provider's stock worth $464,000 after purchasing an additional 433 shares during the last quarter. Advisors Capital Management LLC grew its holdings in FirstService by 1.0% during the 4th quarter. Advisors Capital Management LLC now owns 22,555 shares of the financial services provider's stock worth $4,083,000 after acquiring an additional 233 shares during the last quarter. Scotia Capital Inc. acquired a new stake in FirstService in the 4th quarter valued at about $5,016,000. Raymond James Financial Inc. bought a new position in shares of FirstService in the fourth quarter worth about $48,541,000. Finally, APG Asset Management N.V. bought a new stake in shares of FirstService during the fourth quarter valued at approximately $3,444,000. 69.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

FirstService Trading Down 0.5 %

FSV traded down $0.91 during mid-day trading on Friday, hitting $170.93. The stock had a trading volume of 98,108 shares, compared to its average volume of 108,595. FirstService Co. has a 1-year low of $141.26 and a 1-year high of $197.84. The firm has a market capitalization of $7.77 billion, a price-to-earnings 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. The stock's fifty day simple moving average is $169.78 and its 200-day simple moving average is $179.50.

FirstService Increases Dividend

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

About FirstService

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.