Colliers International Group (NASDAQ:CIGI) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Colliers International Group (NASDAQ:CIGI - Free Report) TSE: CIGI in a research report sent to investors on Friday, MarketBeat reports. The brokerage issued a neutral rating and a $170.00 price objective on the financial services provider's stock.

A number of other analysts have also weighed in on CIGI. Scotiabank raised their target price on Colliers International Group from $155.00 to $167.50 and gave the company a "sector outperform" rating in a research note on Wednesday, November 6th. BMO Capital Markets increased their price objective on shares of Colliers International Group from $163.00 to $164.00 and gave the company an "outperform" rating in a report on Friday, September 13th. National Bank Financial upgraded shares of Colliers International Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 5th. Royal Bank of Canada boosted 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. Finally, StockNews.com cut shares of Colliers International Group from a "buy" rating to a "hold" rating in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $161.79.

Colliers International Group Price Performance

NASDAQ:CIGI traded down $0.24 on Friday, reaching $151.79. The stock had a trading volume of 103,530 shares, compared to its average volume of 112,417. 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 company has a market capitalization of $7.46 billion, a P/E ratio of 48.42 and a beta of 1.47. Colliers International Group has a 1-year low of $101.01 and a 1-year high of $156.96. The stock has a fifty day moving average price of $150.08 and a 200-day moving average price of $135.40.

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 EPS 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 during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. The firm's revenue was up 11.7% compared to the same quarter last year. Research analysts forecast that Colliers International Group will post 5.44 EPS for the current year.

Colliers International Group Dividend Announcement

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

Hedge Funds Weigh In On Colliers International Group

Several large investors have recently modified their holdings of the business. Blue Trust Inc. lifted its holdings in shares of Colliers International Group by 3,377.8% in the 2nd quarter. Blue Trust Inc. now owns 313 shares of the financial services provider's stock worth $38,000 after acquiring an additional 304 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Colliers International Group by 93.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 469 shares of the financial services provider's stock worth $52,000 after acquiring an additional 226 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Colliers International Group during the third quarter valued at approximately $112,000. Stonegate Investment Group LLC purchased a new stake in Colliers International Group during the 3rd quarter valued at $264,000. Finally, HighTower Advisors LLC increased its holdings in 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 in the last quarter. 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.