Colliers International Group Inc. (NASDAQ:CIGI) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. lessened its holdings in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 43.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,978 shares of the financial services provider's stock after selling 3,043 shares during the period. Hantz Financial Services Inc.'s holdings in Colliers International Group were worth $541,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CIGI. Blue Trust Inc. increased its position in Colliers International Group by 65.1% during the 4th quarter. Blue Trust Inc. now owns 1,539 shares of the financial services provider's stock valued at $209,000 after buying an additional 607 shares in the last quarter. Addenda Capital Inc. increased its stake in shares of Colliers International Group by 7.6% in the fourth quarter. Addenda Capital Inc. now owns 175,780 shares of the financial services provider's stock worth $23,901,000 after acquiring an additional 12,415 shares during the period. Canoe Financial LP raised its holdings in shares of Colliers International Group by 544.7% during the fourth quarter. Canoe Financial LP now owns 40,696 shares of the financial services provider's stock worth $5,530,000 after purchasing an additional 34,384 shares during the last quarter. Argent Capital Management LLC lifted its position in Colliers International Group by 16.5% during the fourth quarter. Argent Capital Management LLC now owns 44,807 shares of the financial services provider's stock valued at $6,092,000 after purchasing an additional 6,330 shares during the period. Finally, Franklin Resources Inc. grew its position in 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 purchasing an additional 340,691 shares during the period. 80.09% of the stock is owned by institutional investors.

Colliers International Group Trading Up 2.5 %

Shares of NASDAQ CIGI traded up $3.44 during midday trading on Tuesday, reaching $142.74. 74,540 shares of the stock were exchanged, compared to its average volume of 91,365. The stock has a market capitalization of $7.03 billion, a P/E ratio of 45.53 and a beta of 1.49. Colliers International Group Inc. has a twelve month low of $101.01 and a twelve month high of $156.96. 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 50 day simple moving average of $141.25 and a 200 day simple moving average of $143.38.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.17). The company had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The firm's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 earnings per share. As a group, equities analysts expect that Colliers International Group Inc. will post 5.41 earnings per share 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. Stockholders of record on Tuesday, December 31st were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a dividend yield of 0.2%. Colliers International Group's dividend payout ratio is currently 9.55%.

Analyst Ratings Changes

CIGI has been the topic of a number of recent research reports. Raymond James upped their target price on Colliers International Group from $160.00 to $175.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. StockNews.com cut shares of Colliers International Group from a "buy" rating to a "hold" rating in a research note on Tuesday, October 8th. National Bank Financial upgraded shares of Colliers International Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 5th. Scotiabank decreased their target price on Colliers International Group from $172.50 to $170.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada lifted their price objective on Colliers International Group from $160.00 to $174.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Colliers International Group has an average rating of "Moderate Buy" and an average target price of $164.63.

Colliers International Group Company 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.