Vista Finance LLC Invests $375,000 in Colliers International Group Inc. (NASDAQ:CIGI)

Vista Finance LLC acquired a new stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,760 shares of the financial services provider's stock, valued at approximately $375,000. Colliers International Group makes up 0.4% of Vista Finance LLC's portfolio, making the stock its 26th biggest holding.

Several other hedge funds also recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. grew its position 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 valued at $90,000 after purchasing an additional 124 shares during the period. Plato Investment Management Ltd acquired a new stake in Colliers International Group in the 3rd quarter valued at $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. Finally, Stonegate Investment Group LLC acquired a new stake in Colliers International Group in the 3rd quarter valued at $264,000. Institutional investors own 80.09% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CIGI. Raymond James cut their price objective on shares of Colliers International Group from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. The Goldman Sachs Group began coverage on shares of Colliers International Group in a report on Friday, December 6th. They set a "neutral" rating and a $170.00 price objective on the stock. JPMorgan Chase & Co. began coverage on shares of Colliers International Group in a report on Monday, December 16th. They set a "neutral" rating and a $167.00 price objective on the stock. National Bankshares cut their price objective on shares of Colliers International Group from $182.00 to $169.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Finally, Royal Bank of Canada lifted their price objective on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Four 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $168.63.

Colliers International Group Stock Performance

NASDAQ CIGI traded up $0.93 during trading on Wednesday, hitting $131.95. 120,209 shares of the company's stock traded hands, compared to its average volume of 124,471. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 41.36 and a beta of 1.49. Colliers International Group Inc. has a 12-month low of $101.01 and a 12-month high of $156.96. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06. The business has a 50 day moving average of $137.89 and a 200-day moving average of $143.43.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released 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 net margin of 3.35% and a return on equity of 20.38%. As a group, equities research analysts anticipate that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Colliers International Group Announces Dividend

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