CIBC Asset Management Inc Has $83.14 Million Stock Position in FirstService Co. (NASDAQ:FSV)

CIBC Asset Management Inc lifted its stake in shares of FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 57.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 457,735 shares of the financial services provider’s stock after buying an additional 166,996 shares during the period. CIBC Asset Management Inc’s holdings in FirstService were worth $83,138,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc bought a new stake in FirstService during the 4th quarter worth $29,000. Trust Co. of Vermont acquired a new position in shares of FirstService in the fourth quarter valued at approximately $46,000. Wilmington Savings Fund Society FSB bought a new position in FirstService in the 3rd quarter valued at approximately $53,000. Venturi Wealth Management LLC acquired a new stake in FirstService during the 3rd quarter worth approximately $66,000. Finally, Blue Trust Inc. grew its holdings in FirstService by 158.2% during the 4th 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 last quarter. 69.35% of the stock is currently owned by institutional investors.

FirstService Trading Down 0.2 %

FSV opened at $175.36 on Monday. 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 company has a fifty day moving average price of $181.51 and a two-hundred day moving average price of $182.07. The company has a market cap of $7.94 billion, a P/E ratio of 59.04 and a beta of 1.06. 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 disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.275 per share. This is an increase from FirstService’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.10 annualized dividend and a yield of 0.63%. FirstService’s dividend payout ratio is presently 33.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Stifel Nicolaus lifted their price target on shares of FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 21st. 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. Finally, StockNews.com raised FirstService from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, FirstService currently has a consensus rating of “Moderate Buy” and an average price target of $201.67.

FirstService 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.