Lincluden Management Ltd. lessened its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 14.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 48,132 shares of the financial services provider's stock after selling 8,450 shares during the period. Colliers International Group accounts for about 0.8% of Lincluden Management Ltd.'s portfolio, making the stock its 28th largest position. Lincluden Management Ltd. owned approximately 0.10% of Colliers International Group worth $6,545,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of CIGI. Plato Investment Management Ltd acquired a new stake in Colliers International Group in the third quarter valued at approximately $112,000. Tobam grew its position in Colliers International Group by 12.0% in the 4th quarter. Tobam now owns 913 shares of the financial services provider's stock valued at $124,000 after purchasing an additional 98 shares during the period. Blue Trust Inc. grew its position in Colliers International Group by 197.8% in the 3rd quarter. Blue Trust Inc. now owns 932 shares of the financial services provider's stock valued at $141,000 after purchasing an additional 619 shares during the period. Venturi Wealth Management LLC bought a new stake in Colliers International Group during the 4th quarter valued at $145,000. Finally, HighTower Advisors LLC raised 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.
Analyst Ratings Changes
CIGI has been the subject of a number of analyst reports. StockNews.com cut shares of Colliers International Group from a "buy" rating to a "hold" rating in a report on Thursday. JPMorgan Chase & Co. started coverage on Colliers International Group in a research note on Monday, December 16th. They issued a "neutral" rating and a $167.00 price objective for the company. National Bankshares cut their target price on Colliers International Group from $182.00 to $169.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. William Blair reiterated an "outperform" rating on shares of Colliers International Group in a report on Friday. Finally, Raymond James dropped their price objective on Colliers International Group from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $168.63.
Check Out Our Latest Research Report on CIGI
Colliers International Group Stock Performance
Shares of NASDAQ:CIGI traded up $0.40 during midday trading on Friday, reaching $128.22. The company had a trading volume of 160,892 shares, compared to its average volume of 127,884. The stock has a market cap of $6.49 billion, a P/E ratio of 40.19 and a beta of 1.49. The company's 50 day moving average price is $135.34 and its 200 day moving average price is $142.98. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. 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 earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing analysts' consensus estimates of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. As a group, sell-side analysts anticipate that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.
Colliers International Group Dividend Announcement
The company also recently announced a semi-annual dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a $0.15 dividend. This represents a yield of 0.2%. The ex-dividend date was Tuesday, December 31st. Colliers International Group's dividend payout ratio is currently 9.40%.
About Colliers International Group
(
Free Report)
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.
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