Public Employees Retirement System of Ohio Invests $3.54 Million in Colliers International Group Inc. (NASDAQ:CIGI)

Public Employees Retirement System of Ohio bought a new stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 23,332 shares of the financial services provider's stock, valued at approximately $3,543,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. increased its position in shares of Colliers International Group by 26.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider's stock worth $90,000 after acquiring an additional 124 shares in the last quarter. King Luther Capital Management Corp raised its position in Colliers International Group by 1.2% in the third quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider's stock valued at $2,222,000 after purchasing an additional 178 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Colliers International Group by 2.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,055 shares of the financial services provider's stock worth $1,011,000 after purchasing an additional 238 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Colliers International Group by 13.6% in the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider's stock worth $323,000 after buying an additional 254 shares during the period. Finally, Whittier Trust Co. grew its stake in shares of Colliers International Group by 8.4% in the third quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider's stock valued at $540,000 after buying an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company's stock.

Colliers International Group Stock Down 0.1 %

Shares of Colliers International Group stock traded down $0.12 during trading on Monday, reaching $145.42. The company had a trading volume of 83,140 shares, compared to its average volume of 111,715. The company has a market cap of $7.33 billion, a price-to-earnings ratio of 46.31 and a beta of 1.47. Colliers International Group Inc. has a fifty-two week low of $101.01 and a fifty-two week high of $156.96. The firm's fifty day moving average is $149.87 and its 200-day moving average is $137.49. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17.

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 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.17). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the business earned $1.10 EPS. The company's quarterly revenue was up 11.7% on a year-over-year basis. On average, analysts anticipate 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. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a yield of 0.2%. Colliers International Group's payout ratio is 9.55%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. initiated coverage on Colliers International Group in a report on Monday. They issued a "neutral" rating and a $167.00 price target for the company. BMO Capital Markets upped their target price on shares of Colliers International Group from $163.00 to $164.00 and gave the company an "outperform" rating in a research note on Friday, September 13th. Royal Bank of Canada lifted their price target on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Scotiabank boosted their price objective on shares of Colliers International Group from $155.00 to $167.50 and gave the stock a "sector outperform" rating in a report on Wednesday, November 6th. Finally, National Bank Financial upgraded Colliers International Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Colliers International Group currently has a consensus rating of "Moderate Buy" and an average target price of $162.44.

Colliers International Group Company Profile

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.