Louisbourg Investments Inc. lowered its position in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 44.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 32,112 shares of the financial services provider's stock after selling 25,283 shares during the quarter. Louisbourg Investments Inc. owned about 0.06% of Colliers International Group worth $4,365,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in 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 worth $90,000 after acquiring an additional 124 shares during the period. Plato Investment Management Ltd purchased a new position in Colliers International Group in the 3rd quarter worth approximately $112,000. Tobam boosted its holdings in Colliers International Group by 12.0% in the 4th quarter. Tobam now owns 913 shares of the financial services provider's stock worth $124,000 after acquiring an additional 98 shares during the period. Blue Trust Inc. boosted its holdings 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 worth $141,000 after acquiring an additional 619 shares during the period. Finally, Stonegate Investment Group LLC purchased a new position in Colliers International Group in the 3rd quarter worth approximately $264,000. Hedge funds and other institutional investors own 80.09% of the company's stock.
Colliers International Group Stock Performance
Shares of CIGI stock traded down $0.45 on Friday, hitting $131.70. 102,634 shares of the stock traded hands, compared to its average volume of 112,527. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $6.49 billion, a PE ratio of 41.29 and a beta of 1.49. Colliers International Group Inc. has a 1-year low of $101.01 and a 1-year high of $156.96. The company's fifty day moving average is $138.24 and its 200 day moving average is $143.37.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.89% and a net margin of 3.35%. On average, equities research analysts predict that Colliers International Group Inc. will post 6.58 earnings per share for the current fiscal year.
Colliers International Group Dividend Announcement
The business 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 presently 9.40%.
Analyst Ratings Changes
A number of equities analysts have weighed in on CIGI shares. JPMorgan Chase & Co. assumed coverage on Colliers International Group in a report on Monday, December 16th. They issued a "neutral" rating and a $167.00 price target for the company. BMO Capital Markets reduced their target price on Colliers International Group from $177.00 to $172.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. Royal Bank of Canada increased their target price on Colliers International Group from $170.00 to $175.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. The Goldman Sachs Group assumed coverage on Colliers International Group in a research note on Friday, December 6th. They set a "neutral" rating and a $170.00 target price for the company. Finally, National Bank Financial upgraded Colliers International Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 5th. 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $168.63.
View Our Latest Report on CIGI
Colliers International Group Profile
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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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