Janus Henderson Group PLC Buys Shares of 460,575 Colliers International Group Inc. (NASDAQ:CIGI)

Janus Henderson Group PLC bought a new stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 460,575 shares of the financial services provider's stock, valued at approximately $69,920,000. Janus Henderson Group PLC owned 0.94% of Colliers International Group at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Blue Trust Inc. raised its holdings in shares of Colliers International Group by 3,377.8% during the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider's stock worth $38,000 after acquiring an additional 304 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Colliers International Group by 93.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 469 shares of the financial services provider's stock valued at $52,000 after acquiring an additional 226 shares in the last quarter. Plato Investment Management Ltd acquired a new position in Colliers International Group during the 3rd quarter valued at about $112,000. Stonegate Investment Group LLC acquired a new stake in shares of Colliers International Group during the third quarter worth $264,000. Finally, HighTower Advisors LLC boosted its holdings 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 worth $323,000 after buying an additional 254 shares during the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

Colliers International Group Stock Performance

NASDAQ:CIGI traded down $0.24 during trading on Friday, reaching $151.79. The company's stock had a trading volume of 103,530 shares, compared to its average volume of 112,471. The firm has a market cap of $7.46 billion, a price-to-earnings ratio of 48.42 and a beta of 1.47. 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 12 month low of $101.01 and a 12 month high of $156.96. The firm has a 50 day moving average of $150.08 and a 200-day moving average of $135.40.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.17). The firm had revenue of $1.18 billion during 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 firm's revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 earnings per share. Research analysts expect that Colliers International Group Inc. will post 5.44 EPS for the current fiscal 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 issued 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 dividend payout ratio is currently 9.55%.

Analyst Ratings Changes

Several analysts have commented on CIGI shares. National Bank Financial upgraded shares of Colliers International Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 5th. Scotiabank upped their price target on Colliers International Group from $155.00 to $167.50 and gave the stock a "sector outperform" rating in a research report on Wednesday, November 6th. BMO Capital Markets lifted 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. 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 report on Monday, October 21st. Finally, StockNews.com cut shares of Colliers International Group from a "buy" rating to a "hold" rating in a research note on Tuesday, October 8th. Three 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $161.79.

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.