Entropy Technologies LP bought a new stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,600 shares of the financial services provider's stock, valued at approximately $354,000.
Several other large investors have also recently bought and sold shares of CIGI. Stonegate Investment Group LLC purchased a new position in Colliers International Group in the third quarter valued at $264,000. Dixon Mitchell Investment Counsel Inc. increased its holdings in Colliers International Group by 7.2% in the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 86,011 shares of the financial services provider's stock valued at $13,068,000 after buying an additional 5,800 shares during the last quarter. Blue Trust Inc. increased its holdings in Colliers International Group by 197.8% in the third quarter. Blue Trust Inc. now owns 932 shares of the financial services provider's stock valued at $141,000 after buying an additional 619 shares during the last quarter. Whittier Trust Co. increased its holdings in Colliers International Group by 8.4% in the third quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider's stock valued at $540,000 after buying an additional 277 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Colliers International Group by 26.4% in 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 buying an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company's stock.
Colliers International Group Stock Performance
Shares of NASDAQ CIGI traded down $0.45 during midday trading on Friday, reaching $131.70. 102,634 shares of the company were exchanged, compared to its average volume of 112,527. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42. Colliers International Group Inc. has a 1 year low of $101.01 and a 1 year high of $156.96. The stock has a fifty day simple moving average of $138.24 and a 200 day simple moving average of $143.49. The stock has a market cap of $6.49 billion, a P/E ratio of 41.29 and a beta of 1.49.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly 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 return on equity of 20.89% and a net margin of 3.35%. On average, research analysts forecast that Colliers International Group Inc. will post 6.58 earnings per share for the current fiscal year.
Colliers International Group Dividend Announcement
The business also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued 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 currently 9.40%.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on Colliers International Group in a report on Monday, December 16th. They issued a "neutral" rating and a $167.00 target price on the stock. National Bankshares dropped their price objective on Colliers International Group from $182.00 to $169.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. The Goldman Sachs Group initiated coverage on Colliers International Group in a report on Friday, December 6th. They set a "neutral" rating and a $170.00 price objective on the stock. National Bank Financial raised Colliers International Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 5th. Finally, BMO Capital Markets dropped their price objective on Colliers International Group from $177.00 to $172.00 and set a "market perform" rating on the stock in a report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $168.63.
Check Out Our Latest Research Report on CIGI
Colliers International Group Company Profile
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Free Report)
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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