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 significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 323,900 shares, a drop of 7.2% from the November 30th total of 349,000 shares. Based on an average daily trading volume, of 98,900 shares, the short-interest ratio is currently 3.3 days.

Colliers International Group Stock Performance

Colliers International Group stock traded down $0.97 during mid-day trading on Monday, reaching $133.99. 55,020 shares of the company traded hands, compared to its average volume of 111,516. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17. The firm's fifty day moving average is $147.30 and its two-hundred day moving average is $139.36. Colliers International Group has a fifty-two week low of $101.01 and a fifty-two week high of $156.96. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 42.67 and a beta of 1.47.

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

Colliers International Group Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be paid a $0.15 dividend. The ex-dividend date is Tuesday, December 31st. This represents a dividend yield of 0.2%. Colliers International Group's payout ratio is currently 9.55%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Colliers International Group by 2.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,055 shares of the financial services provider's stock valued at $1,011,000 after buying an additional 238 shares during the last quarter. Hantz Financial Services Inc. purchased a new position in Colliers International Group during the second quarter valued at approximately $567,000. TD Asset Management Inc lifted its holdings in Colliers International Group by 1.0% in the second quarter. TD Asset Management Inc now owns 204,915 shares of the financial services provider's stock valued at $22,878,000 after acquiring an additional 2,044 shares during the period. National Bank of Canada FI boosted its position in Colliers International Group by 2.1% in the 2nd quarter. National Bank of Canada FI now owns 69,729 shares of the financial services provider's stock worth $7,514,000 after purchasing an additional 1,465 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Colliers International Group by 5.9% in the 2nd quarter. Victory Capital Management Inc. now owns 743,150 shares of the financial services provider's stock worth $82,973,000 after purchasing an additional 41,225 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Royal Bank of Canada boosted their price target on shares of Colliers International Group from $160.00 to $174.00 and gave the company an "outperform" rating in a report on Monday, October 21st. StockNews.com downgraded shares of Colliers International Group from a "buy" rating to a "hold" rating in a research note on Tuesday, October 8th. BMO Capital Markets increased their target price on Colliers International Group from $163.00 to $164.00 and gave the company an "outperform" rating in a research report on Friday, September 13th. National Bank Financial raised Colliers International Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. assumed coverage on Colliers International Group in a research report on Monday, December 16th. They set a "neutral" rating and a $167.00 price objective on the stock. Four equities 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's stock. According to data from MarketBeat, Colliers International Group has a consensus rating of "Moderate Buy" and a consensus price target of $162.44.

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.