Colliers International Group Inc. (NASDAQ:CIGI) Short Interest Up 9.8% in January

Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 355,700 shares, a growth of 9.8% from the December 31st total of 323,900 shares. Based on an average trading volume of 98,500 shares, the short-interest ratio is presently 3.6 days.

Colliers International Group Trading Up 1.8 %

CIGI stock traded up $2.61 during midday trading on Wednesday, hitting $145.92. The stock had a trading volume of 162,143 shares, compared to its average volume of 96,337. The business has a fifty day moving average price of $140.95 and a two-hundred day moving average price of $143.49. Colliers International Group has a 1-year low of $101.01 and a 1-year high of $156.96. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42. The firm has a market cap of $7.19 billion, a P/E ratio of 46.47 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly earnings results 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 return on equity of 21.78% and a net margin of 3.38%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the company posted $1.10 earnings per share. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts predict that Colliers International Group will post 5.41 earnings per share for the current fiscal year.

Colliers International Group Dividend Announcement

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

Hedge Funds Weigh In On Colliers International Group

Several institutional investors have recently added to or reduced their stakes in CIGI. Whittier Trust Co. of Nevada Inc. boosted its stake in Colliers International Group by 26.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider's stock worth $90,000 after purchasing an additional 124 shares during the period. Plato Investment Management Ltd purchased a new position in Colliers International Group during the third quarter worth about $112,000. Tobam grew its position in Colliers International Group by 12.0% during the fourth quarter. Tobam now owns 913 shares of the financial services provider's stock worth $124,000 after buying an additional 98 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Colliers International Group by 197.8% in the 3rd quarter. Blue Trust Inc. now owns 932 shares of the financial services provider's stock valued at $141,000 after acquiring an additional 619 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in shares of Colliers International Group during the 4th quarter valued at about $145,000. Institutional investors own 80.09% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CIGI. 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 downgraded shares of Colliers International Group from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. Royal Bank of Canada increased their target price on shares of Colliers International Group from $160.00 to $174.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. JPMorgan Chase & Co. began coverage on Colliers International Group in a research note on Monday, December 16th. They set a "neutral" rating and a $167.00 price target on the stock. Finally, The Goldman Sachs Group assumed coverage on Colliers International Group in a research report on Friday, December 6th. They issued a "neutral" rating and a $170.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $164.63.

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.