Natixis Advisors LLC Grows Stake in FirstService Co. (NASDAQ:FSV)

Natixis Advisors LLC raised its position in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 24,645 shares of the financial services provider’s stock after purchasing an additional 833 shares during the quarter. Natixis Advisors LLC’s holdings in FirstService were worth $4,461,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. grew its holdings in FirstService by 486.3% during the 3rd quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider’s stock valued at $87,308,000 after buying an additional 389,129 shares in the last quarter. Bank of Montreal Can grew its holdings in FirstService by 19.7% during the 3rd quarter. Bank of Montreal Can now owns 388,430 shares of the financial services provider’s stock valued at $69,992,000 after buying an additional 63,807 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in FirstService by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 200,776 shares of the financial services provider’s stock valued at $36,634,000 after buying an additional 10,191 shares in the last quarter. CIBC Asset Management Inc grew its holdings in FirstService by 57.4% during the 4th quarter. CIBC Asset Management Inc now owns 457,735 shares of the financial services provider’s stock valued at $83,138,000 after buying an additional 166,996 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of FirstService by 253.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 19,351 shares of the financial services provider’s stock valued at $3,503,000 after purchasing an additional 13,876 shares during the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FSV shares. Raymond James raised their price objective on FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. StockNews.com upgraded FirstService from a “hold” rating to a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $201.67.

FirstService Trading Up 0.3 %

FSV opened at $170.30 on Friday. The stock’s fifty day moving average is $175.68 and its two-hundred day moving average is $181.66. The company has a market capitalization of $7.74 billion, a P/E ratio of 57.34 and a beta of 1.12. FirstService Co. has a 52 week low of $141.26 and a 52 week 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.

FirstService Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Monday, March 31st will be issued a $0.275 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from FirstService’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.65%. FirstService’s dividend payout ratio (DPR) is currently 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.