Dearborn Partners LLC Sells 99 Shares of FirstService Co. (NASDAQ:FSV)

Dearborn Partners LLC trimmed its position in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 6.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,528 shares of the financial services provider’s stock after selling 99 shares during the period. Dearborn Partners LLC’s holdings in FirstService were worth $277,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. grew its position in shares of FirstService by 486.3% during the 3rd quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider’s stock worth $87,308,000 after buying an additional 389,129 shares during the period. Bank of Montreal Can grew its holdings in FirstService by 19.7% during the 3rd quarter. Bank of Montreal Can now owns 388,430 shares of the financial services provider’s stock worth $69,992,000 after acquiring an additional 63,807 shares during the period. JPMorgan Chase & Co. raised its position in shares of FirstService by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 200,776 shares of the financial services provider’s stock valued at $36,634,000 after acquiring an additional 10,191 shares during the last quarter. CIBC Asset Management Inc raised its position 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. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of FirstService by 253.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 19,351 shares of the financial services provider’s stock valued at $3,503,000 after purchasing an additional 13,876 shares during the period. 69.35% of the stock is owned by institutional investors and hedge funds.

FirstService Stock Down 0.5 %

NASDAQ:FSV opened at $165.12 on Wednesday. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 55.60 and a beta of 1.12. 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 stock has a 50-day moving average price of $177.84 and a two-hundred day moving average price of $182.44. FirstService Co. has a 1 year low of $141.26 and a 1 year high of $197.84.

FirstService Increases Dividend

The firm also recently announced 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. This represents a $1.10 dividend on an annualized basis and a yield of 0.67%. This is a boost from FirstService’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, March 31st. FirstService’s dividend payout ratio is presently 37.04%.

Analysts Set New Price Targets

A number of research firms recently commented on FSV. StockNews.com downgraded FirstService from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Raymond James boosted their target price on FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average 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.