HighTower Advisors LLC Has $533,000 Stock Holdings in FirstService Co. (NASDAQ:FSV)

HighTower Advisors LLC increased its position in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,932 shares of the financial services provider’s stock after purchasing an additional 98 shares during the quarter. HighTower Advisors LLC’s holdings in FirstService were worth $533,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in FirstService by 8,066.7% in the 2nd quarter. Blue Trust Inc. now owns 245 shares of the financial services provider’s stock valued at $41,000 after buying an additional 242 shares during the period. Benjamin Edwards Inc. increased its position in FirstService by 35.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 91 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in FirstService by 49.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 138 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in shares of FirstService in the 3rd quarter worth approximately $66,000. Finally, Fifth Third Bancorp boosted its stake in shares of FirstService by 20.5% in the 2nd quarter. Fifth Third Bancorp now owns 634 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on FSV shares. TD Securities increased their price objective on shares of FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Stifel Nicolaus increased their price objective on FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 21st. StockNews.com raised FirstService from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Finally, Scotiabank boosted their price objective on FirstService from $190.00 to $200.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $198.33.

FirstService Price Performance

Shares of FirstService stock opened at $183.67 on Friday. 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 $188.66 and its 200-day simple moving average is $175.27. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $8.31 billion, a price-to-earnings ratio of 76.53 and a beta of 1.04.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.21. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.32 billion. FirstService had a return on equity of 16.68% and a net margin of 2.19%. FirstService’s revenue was up 25.0% on a year-over-year basis. During the same period last year, the company earned $1.18 earnings per share. As a group, analysts expect that FirstService Co. will post 4.58 earnings per share for the current fiscal year.

FirstService Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.54%. FirstService’s dividend payout ratio is presently 41.67%.

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.