Colliers International Group (NASDAQ:CIGI) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Colliers International Group (NASDAQ:CIGI - Free Report) TSE: CIGI in a research note published on Monday, Marketbeat.com reports. The firm issued a neutral rating and a $167.00 target price on the financial services provider's stock.

Several other research firms have also recently commented on CIGI. Scotiabank lifted their price target on Colliers International Group from $155.00 to $167.50 and gave the company a "sector outperform" rating in a report on Wednesday, November 6th. StockNews.com cut Colliers International Group from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. BMO Capital Markets lifted their price target on Colliers International Group from $163.00 to $164.00 and gave the company an "outperform" rating in a report on Friday, September 13th. The Goldman Sachs Group began 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. Finally, Royal Bank of Canada lifted their price target on Colliers International Group from $160.00 to $174.00 and gave the company an "outperform" rating in a report on Monday, October 21st. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.44.

Colliers International Group Price Performance

Colliers International Group stock traded down $0.12 during midday trading on Monday, reaching $145.42. 83,240 shares of the company were exchanged, compared to its average volume of 111,691. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 46.35 and a beta of 1.47. The firm's 50-day simple moving average is $149.86 and its 200-day simple moving average is $137.25. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.17). The company had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.17 billion. Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The company's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 EPS. On average, analysts anticipate that Colliers International Group will post 5.44 EPS for the current year.

Colliers International Group Announces Dividend

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

Institutional Trading of Colliers International Group

Institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted 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 acquiring an additional 326,453 shares in the last quarter. Victory Capital Management Inc. lifted its position in Colliers International Group by 5.9% during the 2nd quarter. Victory Capital Management Inc. now owns 743,150 shares of the financial services provider's stock worth $82,973,000 after acquiring an additional 41,225 shares in the last quarter. Bank of Montreal Can lifted its position in Colliers International Group by 0.9% during the 2nd quarter. Bank of Montreal Can now owns 689,358 shares of the financial services provider's stock worth $76,703,000 after acquiring an additional 6,178 shares in the last quarter. Franklin Resources Inc. lifted its position in 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 worth $102,261,000 after acquiring an additional 340,691 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new position in Colliers International Group during the 3rd quarter worth approximately $69,920,000. Hedge funds and other institutional investors own 80.09% of the company's stock.

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.