Colliers International Group Inc. (NASDAQ:CIGI) Stock Position Boosted by National Bank of Canada FI

National Bank of Canada FI grew its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 21.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,362 shares of the financial services provider's stock after purchasing an additional 14,633 shares during the period. National Bank of Canada FI owned approximately 0.17% of Colliers International Group worth $12,806,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CIGI. Blue Trust Inc. grew its position in 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 buying an additional 304 shares during the period. Cidel Asset Management Inc. increased its position in shares of Colliers International Group by 2.9% in the second quarter. Cidel Asset Management Inc. now owns 127,907 shares of the financial services provider's stock valued at $14,280,000 after buying an additional 3,563 shares in the last quarter. Argent Capital Management LLC raised its stake in shares of Colliers International Group by 10.7% during the 2nd quarter. Argent Capital Management LLC now owns 29,608 shares of the financial services provider's stock worth $3,306,000 after buying an additional 2,858 shares during the last quarter. Ceredex Value Advisors LLC boosted its position in shares of Colliers International Group by 1.6% in the 2nd quarter. Ceredex Value Advisors LLC now owns 86,944 shares of the financial services provider's stock worth $9,720,000 after buying an additional 1,400 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake 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 during the last quarter. Hedge funds and other institutional investors own 80.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. National Bank Financial raised Colliers International Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 5th. Royal Bank of Canada raised their price target on Colliers International Group from $160.00 to $174.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Scotiabank upped their price objective on Colliers International Group from $155.00 to $167.50 and gave the company a "sector outperform" rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group started coverage on Colliers International Group in a research report on Friday, December 6th. They issued a "neutral" rating and a $170.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Colliers International Group currently has a consensus rating of "Moderate Buy" and an average price target of $161.79.

Colliers International Group Stock Up 0.8 %

Shares of NASDAQ CIGI traded up $1.12 during midday trading on Wednesday, reaching $148.52. 73,700 shares of the company's stock were exchanged, compared to its average volume of 112,089. The stock has a market capitalization of $7.49 billion, a PE ratio of 47.30 and a beta of 1.47. Colliers International Group Inc. has a 52-week low of $101.01 and a 52-week 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 business's fifty day moving average price is $150.01 and its two-hundred day moving average price is $136.49.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its 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). The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The business's revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 earnings per share. Analysts forecast that Colliers International Group Inc. will post 5.44 EPS for the current year.

Colliers International Group Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be given a $0.15 dividend. This represents a dividend yield of 0.2%. The ex-dividend date is Tuesday, December 31st. Colliers International Group's payout ratio is currently 9.55%.

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.