Colliers International Group Inc. (NASDAQ:CIGI) Stock Holdings Increased by Alberta Investment Management Corp

Alberta Investment Management Corp lifted its position in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 626,422 shares of the financial services provider's stock after acquiring an additional 20,794 shares during the quarter. Alberta Investment Management Corp owned 1.27% of Colliers International Group worth $85,143,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CIGI. Whittier Trust Co. of Nevada Inc. increased its holdings in Colliers International Group by 26.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider's stock valued at $90,000 after acquiring an additional 124 shares in the last quarter. Plato Investment Management Ltd acquired a new position in shares of Colliers International Group during the 3rd quarter worth approximately $112,000. Tobam lifted its stake in Colliers International Group by 12.0% in the 4th quarter. Tobam now owns 913 shares of the financial services provider's stock valued at $124,000 after buying an additional 98 shares in the last quarter. Blue Trust Inc. grew its holdings in Colliers International Group by 197.8% during the 3rd quarter. Blue Trust Inc. now owns 932 shares of the financial services provider's stock valued at $141,000 after buying an additional 619 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in Colliers International Group during the fourth quarter worth $145,000. Institutional investors and hedge funds own 80.09% of the company's stock.

Colliers International Group Stock Down 2.0 %

Colliers International Group stock traded down $2.56 during midday trading on Friday, hitting $125.50. 87,288 shares of the stock were exchanged, compared to its average volume of 122,105. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. The company has a 50 day moving average price of $136.82 and a two-hundred day moving average price of $143.21. The firm has a market cap of $6.18 billion, a P/E ratio of 39.34 and a beta of 1.49. Colliers International Group Inc. has a 1 year low of $101.01 and a 1 year high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. On average, sell-side analysts predict that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Colliers International Group Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.15 per share. This represents a dividend yield of 0.2%. The ex-dividend date was Tuesday, December 31st. Colliers International Group's dividend payout ratio (DPR) is currently 9.40%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CIGI shares. BMO Capital Markets reduced their price objective on Colliers International Group from $177.00 to $172.00 and set a "market perform" rating on the stock in a research report on Friday, February 7th. Scotiabank decreased their price target on shares of Colliers International Group from $170.00 to $166.00 and set a "sector outperform" rating on the stock in a research note on Friday, February 7th. The Goldman Sachs Group started coverage on shares of Colliers International Group in a report on Friday, December 6th. They set a "neutral" rating and a $170.00 price target for the company. National Bank Financial raised shares of Colliers International Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada lifted their target price on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Colliers International Group has a consensus rating of "Moderate Buy" and a consensus price target of $168.63.

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.