Charles Schwab Investment Management Inc. Sells 274 Shares of FirstService Co. (NASDAQ:FSV)

Charles Schwab Investment Management Inc. lessened its holdings in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,267 shares of the financial services provider’s stock after selling 274 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in FirstService were worth $16,343,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in FSV. Berry Wealth Group LP grew its position in FirstService by 5.4% in the fourth quarter. Berry Wealth Group LP now owns 1,786 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 91 shares during the period. HighTower Advisors LLC increased its position in shares of FirstService by 3.5% during the 3rd quarter. HighTower Advisors LLC now owns 2,932 shares of the financial services provider’s stock worth $533,000 after purchasing an additional 98 shares in the last quarter. Raymond James Trust N.A. increased 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 worth $643,000 after purchasing an additional 110 shares in the last quarter. Versant Capital Management Inc bought a new position in FirstService during the 4th quarter valued at about $29,000. Finally, Trust Co. of Vermont acquired a new position in FirstService in the fourth quarter valued at about $46,000. Institutional investors and hedge funds own 69.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of FirstService from a “hold” rating to a “buy” rating in a research note on Wednesday. Raymond James boosted 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. Two investment 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $201.67.

FirstService Stock Down 0.4 %

Shares of FSV opened at $169.77 on Friday. The business’s fifty day moving average price is $175.76 and its two-hundred day moving average price is $181.73. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 57.16 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 debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75.

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 issued a $0.275 dividend. This is a boost from FirstService’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, March 31st. This represents a $1.10 annualized dividend and a 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.