Centaurus Financial Inc. grew its holdings in FirstService Co. (NASDAQ:FSV – Get Rating) (TSE:FSV) by 5.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,012 shares of the financial services provider’s stock after buying an additional 163 shares during the quarter. Centaurus Financial Inc.’s holdings in FirstService were worth $358,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale lifted its position in shares of FirstService by 1.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,657 shares of the financial services provider’s stock worth $665,000 after purchasing an additional 94 shares during the last quarter. BlackRock Inc. lifted its position in shares of FirstService by 1.3% during the 1st quarter. BlackRock Inc. now owns 15,513 shares of the financial services provider’s stock worth $2,248,000 after purchasing an additional 192 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of FirstService by 14.2% during the 1st quarter. Cetera Investment Advisers now owns 1,604 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 199 shares during the last quarter. Seaport Global Advisors LLC lifted its position in FirstService by 36.0% in the third quarter. Seaport Global Advisors LLC now owns 767 shares of the financial services provider’s stock valued at $92,000 after acquiring an additional 203 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in FirstService by 34.4% in the first quarter. Captrust Financial Advisors now owns 872 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 223 shares during the last quarter. Institutional investors and hedge funds own 72.57% of the company’s stock.
FirstService Price Performance
Shares of NASDAQ:FSV opened at $135.32 on Friday. The company has a 50-day simple moving average of $139.19 and a 200-day simple moving average of $128.85. FirstService Co. has a one year low of $112.44 and a one year high of $148.70. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 49.57 and a beta of 1.06.
FirstService Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 11th. Stockholders of record on Friday, March 31st will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.67%. This is a positive change from FirstService’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, March 30th. FirstService’s payout ratio is 29.67%.
Wall Street Analysts Forecast Growth
FSV has been the subject of a number of research reports. BMO Capital Markets boosted their price target on shares of FirstService from $142.00 to $161.00 and gave the company a “market perform” rating in a research report on Wednesday, February 8th. TheStreet raised shares of FirstService from a “c+” rating to a “b-” rating in a research report on Tuesday, February 7th. Raymond James boosted their price target on shares of FirstService from $160.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, January 26th. StockNews.com initiated coverage on shares of FirstService in a research report on Thursday. They issued a “hold” rating for the company. Finally, TD Securities boosted their price target on shares of FirstService from $140.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, February 8th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $154.75.
FirstService Corp. engages in the provision of property services. It operates through the FirstService Residential and FirstService Brands segments. The FirstService Residential segment offers residential property management services in North America. The FirstService Brands segment covers residential and commercial customers through both franchise systems, and company-owned operations.
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