Barclays PLC Buys New Stake in Colliers International Group Inc. (NASDAQ:CIGI)

Barclays PLC bought a new position in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,734 shares of the financial services provider's stock, valued at approximately $1,629,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CIGI. William Blair Investment Management LLC raised its position in Colliers International Group by 8.3% in the 2nd quarter. William Blair Investment Management LLC now owns 125,302 shares of the financial services provider's stock worth $13,990,000 after buying an additional 9,603 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Colliers International Group by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 309,260 shares of the financial services provider's stock valued at $34,527,000 after purchasing an additional 13,678 shares during the last quarter. Bristol Gate Capital Partners Inc. lifted its position in Colliers International Group by 33.6% during the second quarter. Bristol Gate Capital Partners Inc. now owns 8,848 shares of the financial services provider's stock valued at $988,000 after purchasing an additional 2,225 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Colliers International Group by 67.3% in the second quarter. Canada Pension Plan Investment Board now owns 49,715 shares of the financial services provider's stock worth $5,550,000 after purchasing an additional 20,000 shares during the last quarter. Finally, King Luther Capital Management Corp grew its position in Colliers International Group by 7.2% in the 2nd quarter. King Luther Capital Management Corp now owns 14,461 shares of the financial services provider's stock worth $1,615,000 after purchasing an additional 976 shares during the period. 80.09% of the stock is owned by institutional investors.

Colliers International Group Price Performance

Shares of CIGI traded down $3.95 during mid-day trading on Friday, reaching $130.86. The stock had a trading volume of 81,903 shares, compared to its average volume of 96,150. The business has a fifty day moving average of $144.17 and a 200 day moving average of $140.75. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 41.68 and a beta of 1.49. Colliers International Group Inc. has a 12 month low of $101.01 and a 12 month high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.17). The firm had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.10 EPS. Equities analysts predict that Colliers International Group Inc. will post 5.44 EPS for the current year.

Colliers International Group Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be given a dividend of $0.15 per share. This represents a dividend yield of 0.2%. The ex-dividend date is Tuesday, December 31st. Colliers International Group's dividend payout ratio is currently 9.55%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group began coverage on Colliers International Group in a report on Friday, December 6th. They set a "neutral" rating and a $170.00 price target on the stock. Royal Bank of Canada boosted their price target on Colliers International Group from $160.00 to $174.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. JPMorgan Chase & Co. started coverage on shares of Colliers International Group in a research note on Monday, December 16th. They issued a "neutral" rating and a $167.00 price objective on the stock. StockNews.com lowered shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Finally, Scotiabank upped their target price on shares of Colliers International Group from $155.00 to $167.50 and gave the company a "sector outperform" rating in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $162.44.

About Colliers International Group

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.