Corient Private Wealth LLC Has $4.50 Million Holdings in FirstService Co. (NASDAQ:FSV)

Corient Private Wealth LLC decreased its holdings in shares of FirstService Co. (NASDAQ:FSVFree Report) (TSE:FSV) by 63.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,734 shares of the financial services provider’s stock after selling 48,848 shares during the quarter. Corient Private Wealth LLC owned 0.06% of FirstService worth $4,495,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in FirstService in the fourth quarter valued at about $82,488,000. Clearbridge Investments LLC acquired a new stake in FirstService during the 4th quarter worth approximately $38,318,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in FirstService by 18.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 352,941 shares of the financial services provider’s stock worth $51,333,000 after acquiring an additional 55,095 shares during the last quarter. Quadrature Capital Ltd increased its position in FirstService by 30.1% in the 3rd quarter. Quadrature Capital Ltd now owns 233,700 shares of the financial services provider’s stock valued at $34,237,000 after acquiring an additional 54,000 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of FirstService by 8.2% during the third quarter. Royal Bank of Canada now owns 699,088 shares of the financial services provider’s stock valued at $101,744,000 after acquiring an additional 53,041 shares during the last quarter. Institutional investors own 69.35% of the company’s stock.

FirstService Price Performance

FirstService stock opened at $144.32 on Wednesday. The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of 71.45 and a beta of 1.01. FirstService Co. has a 52-week low of $134.77 and a 52-week high of $171.94. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.00 and a current ratio of 2.00. The stock’s 50 day moving average price is $153.70 and its two-hundred day moving average price is $159.42.

FirstService (NASDAQ:FSVGet Free Report) (TSE:FSV) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). FirstService had a net margin of 2.02% and a return on equity of 16.42%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. On average, equities analysts predict that FirstService Co. will post 4.38 earnings per share for the current year.

FirstService Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 28th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Friday, June 28th. FirstService’s dividend payout ratio (DPR) is currently 49.51%.

Analyst Ratings Changes

A number of research firms recently weighed in on FSV. StockNews.com downgraded FirstService from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. BMO Capital Markets lowered their price objective on FirstService from $196.00 to $193.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Scotiabank assumed coverage on FirstService in a report on Thursday, April 11th. They issued a “sector perform” rating and a $170.00 target price on the stock. TheStreet lowered shares of FirstService from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $187.00 price objective on shares of FirstService in a research note on Wednesday, February 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, FirstService has a consensus rating of “Moderate Buy” and a consensus price target of $186.00.

Check Out Our Latest Report on FSV

FirstService Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for FirstService (NASDAQ:FSV)

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