1,069 Shares in Colliers International Group Inc. (NASDAQ:CIGI) Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC acquired a new position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,069 shares of the financial services provider’s stock, valued at approximately $145,000.

Other large investors have also recently modified their holdings of the company. Plato Investment Management Ltd bought a new position in shares of Colliers International Group during the 3rd quarter worth approximately $112,000. Tobam grew its position in Colliers International Group by 12.0% during the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 98 shares during the last quarter. Blue Trust Inc. grew its position in Colliers International Group by 197.8% during the 3rd quarter. Blue Trust Inc. now owns 932 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 619 shares during the last quarter. HighTower Advisors LLC grew its position in 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 worth $323,000 after purchasing an additional 254 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in Colliers International Group during the 4th quarter worth approximately $354,000. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Stock Performance

CIGI opened at $125.50 on Friday. 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 firm has a fifty day moving average price of $136.42 and a 200 day moving average price of $143.23. Colliers International Group Inc. has a 1 year low of $101.01 and a 1 year high of $156.96. The stock has a market cap of $6.19 billion, a P/E ratio of 39.34 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (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%. Equities research analysts anticipate that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

Colliers International Group Dividend Announcement

The business also recently disclosed 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 is presently 9.40%.

Analyst Ratings Changes

Several research firms have weighed in on CIGI. Scotiabank dropped 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 report on Friday, February 7th. Raymond James dropped their target price on shares of 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. Royal Bank of Canada boosted their target price on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. began coverage on shares of Colliers International Group in a report on Monday, December 16th. They issued a “neutral” rating and a $167.00 price objective on the stock. Finally, National Bank Financial raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Colliers International Group presently has a consensus rating of “Moderate Buy” and an average price target of $168.63.

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.