Shares of Colliers International Group Inc. (NASDAQ:CIGI - Get Free Report) TSE: CIGI saw an uptick in trading volume on Wednesday . 174,589 shares traded hands during mid-day trading, an increase of 110% from the previous session's volume of 83,056 shares.The stock last traded at $135.30 and had previously closed at $136.07.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on CIGI shares. Royal Bank of Canada boosted their price objective on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. BMO Capital Markets raised their price objective 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. StockNews.com downgraded shares of Colliers International Group from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. 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. Finally, The Goldman Sachs Group initiated coverage on shares of Colliers International Group in a research note on Friday, December 6th. They set 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 assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Colliers International Group presently has an average rating of "Moderate Buy" and an average price target of $162.44.
Read Our Latest Analysis on Colliers International Group
Colliers International Group Trading Down 0.9 %
The firm has a market cap of $6.80 billion, a PE ratio of 42.93 and a beta of 1.49. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17. The company has a 50 day simple moving average of $145.35 and a two-hundred day simple moving average of $140.47.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released 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). The company had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The business's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.10 EPS. Analysts expect that Colliers International Group Inc. will post 5.44 EPS for the current fiscal year.
Colliers International Group Announces Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.15 per share. This represents a dividend yield of 0.2%. The ex-dividend date is Tuesday, December 31st. Colliers International Group's payout ratio is 9.55%.
Hedge Funds Weigh In On Colliers International Group
A number of large investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. raised its position in shares of Colliers International Group by 26.4% during 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 last quarter. Plato Investment Management Ltd purchased a new stake in Colliers International Group during the 3rd quarter worth approximately $112,000. Blue Trust Inc. raised its holdings in shares of 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 acquiring an additional 619 shares during the last quarter. Stonegate Investment Group LLC purchased a new position in shares of Colliers International Group in the third quarter valued at approximately $264,000. Finally, HighTower Advisors LLC boosted its stake in shares of Colliers International Group by 13.6% in the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider's stock worth $323,000 after acquiring an additional 254 shares during the last quarter. 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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