Colliers International Group Inc. (NASDAQ:CIGI) Short Interest Update

Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 285,300 shares, a drop of 19.8% from the December 31st total of 355,700 shares. Based on an average trading volume of 101,200 shares, the days-to-cover ratio is presently 2.8 days.

Hedge Funds Weigh In On Colliers International Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. increased its position in shares of Colliers International Group by 100.8% during the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock valued at $102,261,000 after purchasing an additional 340,691 shares during the period. Alberta Investment Management Corp grew its stake in Colliers International Group by 3.4% in the fourth quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider's stock valued at $85,143,000 after purchasing an additional 20,794 shares in the last quarter. Janus Henderson Group PLC bought a new position in Colliers International Group during the third quarter valued at approximately $69,920,000. Loomis Sayles & Co. L P increased its position in 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 buying an additional 128,005 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in Colliers International Group by 91.3% during the second quarter. Clearbridge Investments LLC now owns 310,602 shares of the financial services provider's stock valued at $34,677,000 after purchasing an additional 148,265 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Stock Performance

NASDAQ CIGI traded up $0.60 during trading hours on Wednesday, hitting $143.91. 77,626 shares of the stock were exchanged, compared to its average volume of 92,463. Colliers International Group has a 12-month low of $101.01 and a 12-month high of $156.96. 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 stock has a 50-day moving average of $141.09 and a 200 day moving average of $143.47. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 45.83 and a beta of 1.49.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the previous year, the firm posted $1.10 earnings per share. Colliers International Group's revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, equities research analysts forecast that Colliers International Group will post 5.41 earnings per share for the current year.

Colliers International Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

CIGI has been the subject of a number of research reports. National Bank Financial raised shares of Colliers International Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 5th. Scotiabank dropped 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. Raymond James raised their price objective on shares of Colliers International Group from $160.00 to $175.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. StockNews.com cut shares of Colliers International Group from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Colliers International Group in a research report on Monday, December 16th. They set a "neutral" rating and a $167.00 target price for the company. Four investment 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $164.63.

About Colliers International Group

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.