Colliers International Group Inc. (NASDAQ:CIGI) Shares Sold by Pembroke Management LTD

Pembroke Management LTD lessened its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 23.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 69,506 shares of the financial services provider's stock after selling 20,946 shares during the quarter. Pembroke Management LTD owned 0.14% of Colliers International Group worth $9,451,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Venturi Wealth Management LLC purchased a new position in shares of Colliers International Group in the 4th quarter valued at about $145,000. State of New Jersey Common Pension Fund D boosted its stake in shares of Colliers International Group by 15.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 5,336 shares of the financial services provider's stock valued at $726,000 after buying an additional 713 shares during the period. Vista Finance LLC purchased a new position in shares of Colliers International Group in the 4th quarter valued at about $375,000. Entropy Technologies LP purchased a new position in shares of Colliers International Group in the 4th quarter valued at about $354,000. Finally, Empowered Funds LLC boosted its stake in shares of Colliers International Group by 31.0% in the 4th quarter. Empowered Funds LLC now owns 16,265 shares of the financial services provider's stock valued at $2,212,000 after buying an additional 3,850 shares during the period. Hedge funds and other institutional investors own 80.09% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CIGI shares. Scotiabank decreased their price objective on Colliers International Group from $170.00 to $166.00 and set a "sector outperform" rating for the company in a research note on Friday, February 7th. The Goldman Sachs Group started coverage on Colliers International Group in a research report on Friday, December 6th. They set a "neutral" rating and a $170.00 target price on the stock. National Bank Financial raised Colliers International Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 5th. Raymond James cut their target price on Colliers International Group from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Finally, StockNews.com raised Colliers International Group from a "hold" rating to a "buy" rating in a research report on Wednesday. Three 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $168.63.

Colliers International Group Stock Performance

CIGI traded down $2.56 during trading on Friday, hitting $125.50. 93,230 shares of the stock were exchanged, compared to its average volume of 123,298. The firm has a market capitalization of $6.18 billion, a P/E ratio of 39.34 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 stock has a fifty day moving average price of $136.42 and a two-hundred day moving average price of $143.17. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly earnings results 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%. As a group, sell-side analysts predict that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

Colliers International Group Dividend Announcement

The company also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.15 per share. This represents a yield of 0.2%. The ex-dividend date was Tuesday, December 31st. Colliers International Group's dividend payout ratio (DPR) is 9.40%.

Colliers International Group 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.