Skandinaviska Enskilda Banken AB publ Raises Stock Holdings in FirstService Co. (NASDAQ:FSV)

Skandinaviska Enskilda Banken AB publ grew its stake in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,371 shares of the financial services provider’s stock after buying an additional 1,000 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.06% of FirstService worth $5,136,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FSV. Versant Capital Management Inc bought a new position in shares of FirstService in the fourth quarter worth about $29,000. Trust Co. of Vermont bought a new position in shares of FirstService in the fourth quarter worth about $46,000. Wilmington Savings Fund Society FSB bought a new position in shares of FirstService in the third quarter worth about $53,000. Blue Trust Inc. boosted its stake in shares of 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, Hardy Reed LLC bought a new position in FirstService during the third quarter valued at approximately $217,000. Institutional investors own 69.35% of the company’s stock.

FirstService Price Performance

NASDAQ:FSV opened at $165.45 on Friday. The firm has a market capitalization of $7.52 billion, a price-to-earnings ratio of 55.71 and a beta of 1.12. FirstService Co. has a 1 year low of $141.26 and a 1 year high of $197.84. The business has a 50 day simple moving average of $176.48 and a 200-day simple moving average of $182.01. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.75 and a quick ratio of 1.79.

FirstService Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Monday, March 31st will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 0.66%. This is a positive change from FirstService’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, March 31st. FirstService’s dividend payout ratio (DPR) is presently 37.04%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Raymond James increased their price target on FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. StockNews.com lowered FirstService from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock 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.