Mufg Securities Canada LTD. Buys 26,669 Shares of FirstService Co. (NASDAQ:FSV)

Mufg Securities Canada LTD. increased its stake in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 72.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,405 shares of the financial services provider’s stock after purchasing an additional 26,669 shares during the quarter. Mufg Securities Canada LTD.’s holdings in FirstService were worth $11,478,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in FSV. Pathstone Holdings LLC boosted its holdings in shares of FirstService by 7.3% in the third quarter. Pathstone Holdings LLC now owns 15,884 shares of the financial services provider’s stock worth $2,898,000 after buying an additional 1,087 shares during the last quarter. Raymond James Trust N.A. grew its position in shares of FirstService by 3.2% during the 3rd quarter. Raymond James Trust N.A. now owns 3,523 shares of the financial services provider’s stock valued at $643,000 after acquiring an additional 110 shares during the period. Cerity Partners LLC increased its stake in shares of FirstService by 12.6% in the 3rd quarter. Cerity Partners LLC now owns 2,330 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 261 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in FirstService in the 3rd quarter worth $342,000. Finally, Bank of Montreal Can lifted its position in FirstService by 19.7% during the third quarter. Bank of Montreal Can now owns 388,430 shares of the financial services provider’s stock valued at $69,992,000 after purchasing an additional 63,807 shares in the last quarter. Institutional investors own 69.35% of the company’s stock.

FirstService Stock Performance

FSV opened at $171.48 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75. The stock has a market capitalization of $7.79 billion, a price-to-earnings ratio of 57.74 and a beta of 1.12. The company has a fifty day moving average of $175.53 and a 200 day moving average of $181.62. FirstService Co. has a fifty-two week low of $141.26 and a fifty-two week high of $197.84.

FirstService Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, March 31st will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from FirstService’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 0.64%. FirstService’s dividend payout ratio is presently 37.04%.

Analyst Ratings Changes

Several research firms have recently commented on FSV. Raymond James raised their price objective on FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. StockNews.com upgraded shares of FirstService from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, FirstService presently has a consensus rating of “Moderate Buy” and an average target price of $201.67.

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.