National Bank of Canada FI Has $59.61 Million Stock Position in FirstService Co. (NASDAQ:FSV)

National Bank of Canada FI raised its stake in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 34.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 328,780 shares of the financial services provider’s stock after acquiring an additional 84,069 shares during the quarter. National Bank of Canada FI owned about 0.73% of FirstService worth $59,605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Franklin Resources Inc. increased its holdings in shares of FirstService by 18.5% in the fourth quarter. Franklin Resources Inc. now owns 556,050 shares of the financial services provider’s stock valued at $100,632,000 after purchasing an additional 86,909 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of FirstService by 262.0% in the 4th quarter. Alliancebernstein L.P. now owns 12,271 shares of the financial services provider’s stock valued at $2,221,000 after buying an additional 8,881 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of FirstService by 244.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 172,258 shares of the financial services provider’s stock worth $31,165,000 after acquiring an additional 122,222 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of FirstService by 14.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 22,898 shares of the financial services provider’s stock valued at $4,146,000 after acquiring an additional 2,886 shares during the period. Finally, Norges Bank bought a new position in FirstService in the fourth quarter valued at about $98,615,000. 69.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. StockNews.com cut FirstService from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Raymond James boosted their price target on shares of FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.67.

FirstService Price Performance

FirstService stock opened at $168.63 on Wednesday. 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 $7.66 billion, a P/E ratio of 56.78 and a beta of 1.12. The business has a 50-day moving average of $174.21 and a 200-day moving average of $181.23. FirstService Co. has a 1 year low of $141.26 and a 1 year high of $197.84.

FirstService Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, March 31st will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from FirstService’s previous quarterly dividend of $0.25. FirstService’s dividend payout ratio is presently 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.