Cibc World Market Inc. Grows Position in Colliers International Group Inc. (NASDAQ:CIGI)

Cibc World Market Inc. grew its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 219,317 shares of the financial services provider's stock after buying an additional 8,148 shares during the quarter. Cibc World Market Inc. owned 0.43% of Colliers International Group worth $29,814,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Colliers International Group by 26.4% during the third 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. King Luther Capital Management Corp raised its position in Colliers International Group by 1.2% during the 3rd 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 in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Colliers International Group by 13.6% in the 3rd 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. Whittier Trust Co. grew its position in shares of Colliers International Group by 8.4% during the 3rd quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider's stock worth $540,000 after buying an additional 277 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Colliers International Group by 3.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,346 shares of the financial services provider's stock valued at $1,420,000 after buying an additional 291 shares during the period. Institutional investors own 80.09% of the company's stock.

Wall Street Analysts Forecast Growth

CIGI has been the subject of a number of analyst reports. National Bank Financial upgraded Colliers International Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 5th. Royal Bank of Canada raised their price objective on Colliers International Group from $160.00 to $174.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. The Goldman Sachs Group began coverage on shares of Colliers International Group in a report on Friday, December 6th. They issued a "neutral" rating and a $170.00 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of Colliers International Group in a research report on Monday, December 16th. They issued a "neutral" rating and a $167.00 price objective on the stock. Finally, Scotiabank reduced their price objective on shares of Colliers International Group from $172.50 to $170.00 and set a "sector outperform" rating for the company in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.63.

Colliers International Group Price Performance

Shares of CIGI stock traded up $3.93 during trading hours on Tuesday, hitting $143.23. 80,619 shares of the company's stock were exchanged, compared to its average volume of 91,630. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.42. The firm has a market cap of $7.06 billion, a P/E ratio of 45.60 and a beta of 1.49. The firm has a 50 day moving average of $141.25 and a two-hundred day moving average of $143.38. Colliers International Group Inc. has a fifty-two week low of $101.01 and a fifty-two week high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its 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 for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the company earned $1.10 earnings per share. The company's quarterly revenue was up 11.7% compared to the same quarter last year. Sell-side analysts forecast that Colliers International Group Inc. will post 5.41 EPS for the current year.

Colliers International Group Announces Dividend

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

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.