Russell Investments Group Ltd. Buys 3,524 Shares of FirstService Co. (NASDAQ:FSV)

Russell Investments Group Ltd. grew its position in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 9.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,061 shares of the financial services provider’s stock after buying an additional 3,524 shares during the quarter. Russell Investments Group Ltd. owned 0.09% of FirstService worth $7,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc bought a new position in FirstService in the fourth quarter valued at about $29,000. Trust Co. of Vermont purchased a new position in shares of FirstService in the fourth quarter worth approximately $46,000. Wilmington Savings Fund Society FSB bought a new stake in FirstService during the third quarter valued at approximately $53,000. Blue Trust Inc. raised its position in FirstService by 158.2% in the fourth quarter. Blue Trust Inc. now owns 728 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 446 shares during the period. Finally, Gitterman Wealth Management LLC purchased a new position in shares of FirstService during the 4th quarter worth $201,000. 69.35% of the stock is currently owned by hedge funds and other institutional investors.

FirstService Price Performance

Shares of FirstService stock opened at $166.54 on Friday. 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 Co. has a 52 week low of $141.26 and a 52 week high of $197.84. The stock’s 50-day simple moving average is $170.36 and its 200-day simple moving average is $180.09. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 56.07 and a beta of 1.04.

FirstService Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Monday, March 31st were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 0.66%. This is an increase from FirstService’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 31st. FirstService’s dividend payout ratio is presently 37.04%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FSV. StockNews.com cut FirstService from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Raymond James boosted 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.