Colliers International Group (NASDAQ:CIGI - Free Report) TSE: CIGI had its price objective cut by Raymond James from $175.00 to $170.00 in a research note published on Friday,BayStreet.CA reports. They currently have an outperform rating on the financial services provider's stock.
Several other equities research analysts have also recently commented on CIGI. The Goldman Sachs Group started coverage on shares of Colliers International Group in a research report on Friday, December 6th. They set a "neutral" rating and a $170.00 price target on the stock. National Bank Financial upgraded Colliers International Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 5th. Royal Bank of Canada lifted their price objective on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a research report on Friday. Scotiabank dropped their price objective on shares of Colliers International Group from $170.00 to $166.00 and set a "sector outperform" rating on the stock in a research report on Friday. Finally, National Bankshares cut their target price on shares of Colliers International Group from $182.00 to $169.00 and set an "outperform" rating for the company in a research note on Friday. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $168.63.
View Our Latest Research Report on CIGI
Colliers International Group Stock Down 1.9 %
CIGI traded down $2.56 during trading on Friday, hitting $132.57. The company had a trading volume of 82,624 shares, compared to its average volume of 124,277. The company has a market capitalization of $6.53 billion, a PE ratio of 41.54 and a beta of 1.49. Colliers International Group has a one year low of $101.01 and a one year high of $156.96. The firm's 50-day moving average price is $139.91 and its 200 day moving average price is $143.62. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.42.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.89%. As a group, equities analysts expect that Colliers International Group will post 6.58 earnings per share for the current year.
Colliers International Group Announces Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given 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 is currently 9.40%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. raised its position in Colliers International Group by 26.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider's stock valued at $90,000 after purchasing an additional 124 shares in the last quarter. Plato Investment Management Ltd acquired a new position in Colliers International Group during the third quarter valued at approximately $112,000. Tobam raised 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 valued at $124,000 after purchasing an additional 98 shares in the last quarter. Blue Trust Inc. raised its position in Colliers International Group by 197.8% during the third quarter. Blue Trust Inc. now owns 932 shares of the financial services provider's stock valued at $141,000 after purchasing 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 fourth quarter worth $145,000. 80.09% of the stock is currently owned by institutional investors and hedge funds.
Colliers International Group Company Profile
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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.
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