Colliers International Group Inc. (NASDAQ:CIGI) Stake Lowered by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH decreased its position in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 12.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 109,109 shares of the financial services provider's stock after selling 15,660 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.22% of Colliers International Group worth $14,836,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Janus Henderson Group PLC acquired a new position in Colliers International Group during the third quarter worth approximately $69,920,000. Franklin Resources Inc. increased its holdings in shares of Colliers International Group by 100.8% during the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock worth $102,261,000 after buying an additional 340,691 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Colliers International Group by 47.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,011,898 shares of the financial services provider's stock worth $112,834,000 after buying an additional 326,453 shares during the period. Clearbridge Investments LLC boosted its holdings in Colliers International Group by 91.3% in the second quarter. Clearbridge Investments LLC now owns 310,602 shares of the financial services provider's stock valued at $34,677,000 after acquiring an additional 148,265 shares during the last quarter. Finally, Loomis Sayles & Co. L P grew its position in Colliers International Group by 55.5% during the third quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider's stock valued at $54,461,000 after acquiring an additional 128,005 shares during the period. Hedge funds and other institutional investors own 80.09% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. The Goldman Sachs Group initiated coverage on shares of Colliers International Group in a report on Friday, December 6th. They issued a "neutral" rating and a $170.00 price target on the stock. Raymond James lifted their target price on shares of Colliers International Group from $160.00 to $175.00 and gave the company an "outperform" rating in a report on Wednesday. StockNews.com downgraded Colliers International Group from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. Royal Bank of Canada raised 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, National Bank Financial raised Colliers International Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 5th. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $164.31.

Colliers International Group Stock Up 1.3 %

Shares of NASDAQ:CIGI traded up $1.76 during trading on Thursday, hitting $142.02. The company's stock had a trading volume of 29,330 shares, compared to its average volume of 87,506. Colliers International Group Inc. has a fifty-two week low of $101.01 and a fifty-two week high of $156.96. The stock's 50-day moving average price is $141.82 and its two-hundred day moving average price is $142.15. 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 market capitalization of $7.16 billion, a PE ratio of 45.23 and a beta of 1.49.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.17). Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. 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 company earned $1.10 earnings per share. The business's revenue for the quarter was up 11.7% on a year-over-year basis. As a group, sell-side analysts expect that Colliers International Group Inc. will post 5.41 EPS for the current year.

Colliers International Group Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.15 per share. This represents a yield of 0.2%. The ex-dividend date was Tuesday, December 31st. Colliers International Group's dividend payout ratio is currently 9.55%.

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.