Wellington Management Group LLP Lowers Stock Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Wellington Management Group LLP lowered its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 68.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,964 shares of the financial services provider's stock after selling 333,514 shares during the quarter. Wellington Management Group LLP owned about 0.31% of Colliers International Group worth $23,224,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CIGI. Empowered Funds LLC lifted its stake in Colliers International Group by 60.5% in the 3rd quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider's stock worth $1,885,000 after purchasing an additional 4,678 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Colliers International Group in the third quarter worth about $2,581,000. Hantz Financial Services Inc. purchased a new stake in shares of Colliers International Group in the second quarter worth about $567,000. Erste Asset Management GmbH bought a new position in Colliers International Group during the third quarter valued at approximately $1,781,000. Finally, Bank of Montreal Can boosted its stake in Colliers International Group by 0.9% during the second quarter. Bank of Montreal Can now owns 689,358 shares of the financial services provider's stock valued at $76,703,000 after buying an additional 6,178 shares during the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Stock Performance

Colliers International Group stock traded down $2.68 during mid-day trading on Friday, reaching $145.54. 106,853 shares of the company traded hands, compared to its average volume of 111,834. The firm's fifty day moving average is $149.86 and its two-hundred day moving average is $136.89. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 46.35 and a beta of 1.47. Colliers International Group Inc. has a fifty-two week low of $101.01 and a fifty-two week high of $156.96. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued 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 firm had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.17 billion. Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The business's revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business earned $1.10 EPS. On average, equities research analysts expect that Colliers International Group Inc. will post 5.44 earnings per share for the current fiscal year.

Colliers International Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CIGI. StockNews.com cut shares of Colliers International Group from a "buy" rating to a "hold" rating in a research note on Tuesday, October 8th. BMO Capital Markets lifted their price target on Colliers International Group from $163.00 to $164.00 and gave the stock an "outperform" rating in a research report on Friday, September 13th. Royal Bank of Canada upped their price objective on Colliers International Group from $160.00 to $174.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. National Bank Financial upgraded Colliers International Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group began coverage on Colliers International Group in a report on Friday, December 6th. They set a "neutral" rating and a $170.00 price target on the stock. Three investment 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $161.79.

About Colliers International Group

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.