New York State Common Retirement Fund Grows Stock Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

New York State Common Retirement Fund raised its position in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 225.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,999 shares of the financial services provider's stock after acquiring an additional 49,846 shares during the quarter. New York State Common Retirement Fund owned approximately 0.15% of Colliers International Group worth $9,790,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Plato Investment Management Ltd purchased a new position in shares of Colliers International Group in the third quarter valued at about $112,000. Tobam increased its position in shares of Colliers International Group by 12.0% in the fourth quarter. Tobam now owns 913 shares of the financial services provider's stock valued at $124,000 after acquiring an additional 98 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of Colliers International Group in the fourth quarter valued at about $145,000. Blue Trust Inc. increased its position in shares of Colliers International Group by 65.1% in the fourth quarter. Blue Trust Inc. now owns 1,539 shares of the financial services provider's stock valued at $209,000 after acquiring an additional 607 shares during the period. Finally, HighTower Advisors LLC boosted its stake in shares of Colliers International Group by 13.6% during the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider's stock valued at $323,000 after purchasing an additional 254 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CIGI. National Bank Financial raised shares of Colliers International Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 5th. Scotiabank cut their target price on shares of Colliers International Group from $170.00 to $166.00 and set a "sector outperform" rating on the stock in a research note on Friday, February 7th. BMO Capital Markets cut their target price on shares of Colliers International Group from $177.00 to $172.00 and set a "market perform" rating on the stock in a research note on Friday, February 7th. The Goldman Sachs Group began coverage on shares of Colliers International Group in a research note on Friday, December 6th. They set a "neutral" rating and a $170.00 target price on the stock. Finally, StockNews.com lowered shares of Colliers International Group from a "buy" rating to a "hold" rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $168.63.

Colliers International Group Stock Up 0.3 %

NASDAQ:CIGI traded up $0.40 during mid-day trading on Friday, hitting $128.22. 160,892 shares of the company's stock were exchanged, compared to its average volume of 127,884. Colliers International Group Inc. has a one year low of $101.01 and a one year high of $156.96. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. The business has a fifty day moving average price of $135.19 and a 200 day moving average price of $142.95. The company has a market cap of $6.49 billion, a PE ratio of 40.19 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. Equities analysts predict that Colliers International Group Inc. will post 6.2 EPS for the current year.

Colliers International Group Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a dividend yield of 0.2%. Colliers International Group's dividend payout ratio is presently 9.40%.

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.