Anson Funds Management LP Decreases Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Anson Funds Management LP cut its holdings in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 59.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,700 shares of the financial services provider's stock after selling 15,600 shares during the period. Anson Funds Management LP's holdings in Colliers International Group were worth $1,624,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its holdings in Colliers International Group by 47.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,011,898 shares of the financial services provider's stock valued at $112,834,000 after purchasing an additional 326,453 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Colliers International Group by 5.9% during the 2nd quarter. Victory Capital Management Inc. now owns 743,150 shares of the financial services provider's stock valued at $82,973,000 after purchasing an additional 41,225 shares during the last quarter. Bank of Montreal Can grew its holdings in Colliers International Group by 0.9% during the 2nd quarter. Bank of Montreal Can now owns 689,358 shares of the financial services provider's stock valued at $76,703,000 after purchasing an additional 6,178 shares during the last quarter. Janus Henderson Group PLC bought a new position in Colliers International Group during the 3rd quarter valued at about $69,920,000. Finally, Vulcan Value Partners LLC grew its holdings in Colliers International Group by 4.6% during the 2nd quarter. Vulcan Value Partners LLC now owns 454,181 shares of the financial services provider's stock valued at $50,767,000 after purchasing an additional 20,150 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors.

Colliers International Group Stock Down 0.2 %

Shares of CIGI traded down $0.24 during mid-day trading on Friday, hitting $151.79. The company's stock had a trading volume of 103,530 shares, compared to its average volume of 85,477. The company's 50-day moving average is $150.15 and its 200-day moving average is $135.97. Colliers International Group Inc. has a 52-week low of $101.01 and a 52-week high of $156.96. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 48.34 and a beta of 1.47. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same period in the previous year, the company posted $1.10 EPS. Colliers International Group's revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities research analysts forecast that Colliers International Group Inc. will post 5.44 EPS for the current fiscal year.

Colliers International Group Announces Dividend

The company 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. 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

Several equities analysts recently commented on CIGI shares. The Goldman Sachs Group initiated coverage on shares of Colliers International Group in a report on Friday. They set a "neutral" rating and a $170.00 price target on the stock. StockNews.com cut shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Scotiabank boosted their price objective on shares of Colliers International Group from $155.00 to $167.50 and gave the company a "sector outperform" rating in a research report on Wednesday, November 6th. BMO Capital Markets boosted their price objective on shares of Colliers International Group from $163.00 to $164.00 and gave the company an "outperform" rating in a research report on Friday, September 13th. Finally, Royal Bank of Canada boosted their price objective on shares of Colliers International Group from $160.00 to $174.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Three 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $161.79.

Colliers International Group 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.