Canoe Financial LP Grows Stock Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Canoe Financial LP raised its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 544.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,696 shares of the financial services provider's stock after acquiring an additional 34,384 shares during the period. Canoe Financial LP owned approximately 0.08% of Colliers International Group worth $5,530,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC acquired a new position in shares of Colliers International Group in the third quarter valued at approximately $69,920,000. Franklin Resources Inc. increased its stake in Colliers International Group by 100.8% in the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock valued at $102,261,000 after buying an additional 340,691 shares during the period. The Manufacturers Life Insurance Company raised its position 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 worth $112,834,000 after buying an additional 326,453 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Colliers International Group by 91.3% in the 2nd quarter. Clearbridge Investments LLC now owns 310,602 shares of the financial services provider's stock worth $34,677,000 after acquiring an additional 148,265 shares during the period. Finally, Loomis Sayles & Co. L P increased its stake in shares of Colliers International Group by 55.5% during the third quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider's stock worth $54,461,000 after acquiring an additional 128,005 shares during the period. 80.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CIGI has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. The Goldman Sachs Group started coverage on Colliers International Group in a report on Friday, December 6th. They issued a "neutral" rating and a $170.00 price target for the company. Royal Bank of Canada increased their price objective on Colliers International Group from $160.00 to $174.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Scotiabank boosted their target price on shares of Colliers International Group from $155.00 to $167.50 and gave the stock a "sector outperform" rating in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. started coverage on shares of Colliers International Group in a report on Monday, December 16th. They issued a "neutral" rating and a $167.00 price target for the company. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $162.44.

Colliers International Group Price Performance

NASDAQ CIGI traded up $1.06 during trading hours on Friday, reaching $137.91. The company's stock had a trading volume of 50,896 shares, compared to its average volume of 87,159. 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 company's 50-day moving average is $142.42 and its two-hundred day moving average is $141.58. Colliers International Group Inc. has a fifty-two week low of $101.01 and a fifty-two week high of $156.96. The stock has a market cap of $6.96 billion, a PE ratio of 43.92 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.17). Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company earned $1.10 earnings per share. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. Analysts forecast that Colliers International Group Inc. will post 5.41 EPS for the current year.

Colliers International Group Dividend Announcement

The business also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a dividend yield of 0.2%. Colliers International Group's dividend payout ratio (DPR) is 9.55%.

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.