Franklin Resources Inc. Has $102.26 Million Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Franklin Resources Inc. boosted its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 100.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 678,836 shares of the financial services provider's stock after purchasing an additional 340,691 shares during the period. Franklin Resources Inc. owned about 1.38% of Colliers International Group worth $102,261,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CIGI. Janus Henderson Group PLC purchased a new position in shares of Colliers International Group during the 3rd quarter valued at $69,920,000. The Manufacturers Life Insurance Company raised its holdings in shares of Colliers International Group by 47.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,011,898 shares of the financial services provider's stock valued at $112,834,000 after purchasing an additional 326,453 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of Colliers International Group by 91.3% in the 2nd quarter. Clearbridge Investments LLC now owns 310,602 shares of the financial services provider's stock valued at $34,677,000 after purchasing an additional 148,265 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in Colliers International Group by 55.5% in the third quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider's stock worth $54,461,000 after purchasing an additional 128,005 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Colliers International Group by 114.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 161,800 shares of the financial services provider's stock worth $24,552,000 after buying an additional 86,469 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. National Bank Financial raised Colliers International Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. assumed coverage on shares of Colliers International Group in a research note on Monday. They issued a "neutral" rating and a $167.00 price objective for the company. Scotiabank lifted their target price on shares of Colliers International Group from $155.00 to $167.50 and gave the stock a "sector outperform" rating in a report on Wednesday, November 6th. The Goldman Sachs Group initiated coverage on Colliers International Group in a research report on Friday, December 6th. They issued a "neutral" rating and a $170.00 price target on the stock. Finally, Royal Bank of Canada increased their target price on Colliers International Group from $160.00 to $174.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. Four 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.44.

Colliers International Group Trading Down 0.1 %

CIGI stock traded down $0.12 during midday trading on Monday, reaching $145.42. The company's stock had a trading volume of 83,140 shares, compared to its average volume of 111,715. The business's 50-day simple moving average is $149.87 and its 200-day simple moving average is $137.49. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.42. The stock has a market cap of $7.33 billion, a PE ratio of 46.31 and a beta of 1.47. Colliers International Group Inc. has a 52 week low of $101.01 and a 52 week high of $156.96.

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 the consensus estimate of $1.49 by ($0.17). The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The company's revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 EPS. As a group, sell-side analysts expect that Colliers International Group Inc. will post 5.44 EPS for the current year.

Colliers International Group Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be paid a $0.15 dividend. This represents a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, December 31st. Colliers International Group's payout ratio is presently 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.