Colliers International Group Inc. (NASDAQ:CIGI) Stock Position Raised by Empowered Funds LLC

Empowered Funds LLC boosted its position in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 31.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,265 shares of the financial services provider's stock after acquiring an additional 3,850 shares during the period. Empowered Funds LLC's holdings in Colliers International Group were worth $2,212,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CIGI. Tobam grew its stake in shares of Colliers International Group by 12.0% during the 4th quarter. Tobam now owns 913 shares of the financial services provider's stock valued at $124,000 after buying an additional 98 shares during the period. Whittier Trust Co. of Nevada Inc. grew its stake 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 valued at $90,000 after buying an additional 124 shares during the period. King Luther Capital Management Corp grew its stake in shares of Colliers International Group by 1.2% during the 3rd quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider's stock valued at $2,222,000 after buying an additional 178 shares during the period. HighTower Advisors LLC boosted its position in Colliers International Group by 13.6% during the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider's stock worth $323,000 after purchasing an additional 254 shares during the period. Finally, Whittier Trust Co. boosted its position in Colliers International Group by 8.4% during the 3rd quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider's stock worth $540,000 after purchasing an additional 277 shares during the period. 80.09% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Stock Down 1.6 %

Shares of Colliers International Group stock traded down $2.10 during trading on Tuesday, reaching $129.60. The company had a trading volume of 55,865 shares, compared to its average volume of 120,617. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 40.53 and a beta of 1.49. The firm's fifty day moving average is $137.89 and its 200-day moving average is $143.43. 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 Inc. has a fifty-two week low of $101.01 and a fifty-two week high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.89%. On average, analysts anticipate that Colliers International Group Inc. will post 6.58 EPS for the current year.

Colliers International Group Announces Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.15 per share. 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 9.40%.

Analyst Ratings Changes

CIGI has been the subject of a number of research reports. Raymond James decreased their price target on shares of Colliers International Group from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. JPMorgan Chase & Co. initiated coverage on shares of Colliers International Group in a research report on Monday, December 16th. They set a "neutral" rating and a $167.00 price target for the company. Royal Bank of Canada upped their price target 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, February 7th. BMO Capital Markets decreased their price target on shares of Colliers International Group from $177.00 to $172.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. Finally, Scotiabank decreased their price target on shares of Colliers International Group from $170.00 to $166.00 and set a "sector outperform" rating for the company in a research report on Friday, February 7th. 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 presently has a consensus rating of "Moderate Buy" and an average target price of $168.63.

Colliers International Group 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.