Colliers International Group Inc. (NASDAQ:CIGI) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 17.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 68,143 shares of the financial services provider's stock after selling 14,537 shares during the quarter. Geode Capital Management LLC owned approximately 0.14% of Colliers International Group worth $10,357,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Colliers International Group by 26.4% in 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 acquiring an additional 124 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in Colliers International Group in the third quarter worth about $112,000. Blue Trust Inc. increased its position in Colliers International Group by 197.8% during the 3rd 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 in the last quarter. Stonegate Investment Group LLC purchased a new position in shares of Colliers International Group during the third quarter valued at approximately $264,000. Finally, HighTower Advisors LLC lifted its position in Colliers International Group by 13.6% during the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider's stock valued at $323,000 after purchasing an additional 254 shares during the period. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CIGI has been the topic of a number of recent research reports. National Bank Financial raised Colliers International Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 5th. StockNews.com cut Colliers International Group from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. BMO Capital Markets upped their price target on shares of Colliers International Group from $163.00 to $164.00 and gave the company an "outperform" rating in a research note on Friday, September 13th. The Goldman Sachs Group started coverage on shares of Colliers International Group in a research report on Friday, December 6th. They set a "neutral" rating and a $170.00 target price on the stock. Finally, JPMorgan Chase & Co. initiated coverage on Colliers International Group in a research note on Monday, December 16th. They set a "neutral" rating and a $167.00 price objective on the stock. Four research 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $162.44.

Colliers International Group Trading Up 1.5 %

Colliers International Group stock traded up $1.98 during trading hours on Wednesday, hitting $135.97. The company had a trading volume of 102,017 shares, compared to its average volume of 111,478. The company has a 50-day moving average price of $147.06 and a two-hundred day moving average price of $139.53. 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 1 year low of $101.01 and a 1 year high of $156.96. The firm has a market cap of $6.86 billion, a P/E ratio of 43.30 and a beta of 1.47.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly 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 return on equity of 21.78% and a net margin of 3.38%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the company posted $1.10 EPS. Colliers International Group's quarterly revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Colliers International Group Inc. will post 5.44 earnings per share for the current year.

Colliers International Group Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a dividend yield of 0.2%. Colliers International Group's dividend 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.