Charles Schwab Investment Management Inc. Has $16.34 Million Stake in FirstService Co. (NASDAQ:FSV)

Charles Schwab Investment Management Inc. lowered its position in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 90,267 shares of the financial services provider’s stock after selling 274 shares during the period. Charles Schwab Investment Management Inc. owned 0.20% of FirstService worth $16,343,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in shares of FirstService by 9.6% in the 4th quarter. Bank of New York Mellon Corp now owns 39,525 shares of the financial services provider’s stock valued at $7,155,000 after purchasing an additional 3,449 shares during the last quarter. Lincluden Management Ltd. raised its holdings in FirstService by 10.4% during the fourth quarter. Lincluden Management Ltd. now owns 41,667 shares of the financial services provider’s stock valued at $7,548,000 after buying an additional 3,934 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of FirstService in the fourth quarter worth about $308,000. Boston Financial Mangement LLC boosted its stake in shares of FirstService by 1.9% during the 4th quarter. Boston Financial Mangement LLC now owns 251,439 shares of the financial services provider’s stock worth $45,516,000 after acquiring an additional 4,766 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of 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 acquiring an additional 166,996 shares during the last quarter. Institutional investors own 69.35% of the company’s stock.

FirstService Stock Down 0.4 %

Shares of FSV stock opened at $169.77 on Friday. FirstService Co. has a 12 month low of $141.26 and a 12 month 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. The firm has a market cap of $7.72 billion, a PE ratio of 57.16 and a beta of 1.12. The stock has a 50 day moving average of $175.76 and a 200-day moving average of $181.73.

FirstService Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, March 31st will be issued a $0.275 dividend. The ex-dividend date 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 yield of 0.65%. FirstService’s dividend payout ratio is 37.04%.

Wall Street Analyst Weigh In

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

FirstService Company 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.