Cibc World Market Inc. Raises Stock Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Cibc World Market Inc. boosted its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 219,317 shares of the financial services provider’s stock after purchasing an additional 8,148 shares during the period. Cibc World Market Inc. owned about 0.43% of Colliers International Group worth $29,814,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of 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 worth $90,000 after buying an additional 124 shares during the last quarter. King Luther Capital Management Corp boosted its stake in Colliers International Group by 1.2% in the third quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider’s stock valued at $2,222,000 after acquiring an additional 178 shares during the last quarter. HighTower Advisors LLC grew its position 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 acquiring an additional 254 shares during the period. Whittier Trust Co. increased its stake in shares of Colliers International Group by 8.4% during the 3rd quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider’s stock worth $540,000 after purchasing an additional 277 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Colliers International Group by 3.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,346 shares of the financial services provider’s stock worth $1,420,000 after purchasing an additional 291 shares during the period. Institutional investors own 80.09% of the company’s stock.

Analyst Ratings Changes

CIGI has been the subject of a number of recent research reports. StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group started 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. started coverage on shares of Colliers International Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $167.00 target price for the company. Scotiabank dropped their price target on shares of Colliers International Group from $172.50 to $170.00 and set a “sector outperform” rating on the stock in a research note on Tuesday. Finally, Raymond James boosted their target price on shares of Colliers International Group from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Colliers International Group has an average rating of “Moderate Buy” and an average price target of $164.63.

Colliers International Group Stock Down 0.6 %

Shares of NASDAQ:CIGI opened at $142.35 on Friday. The company has a market cap of $7.02 billion, a price-to-earnings ratio of 45.33 and a beta of 1.49. Colliers International Group Inc. has a one year low of $101.01 and a one year high of $156.96. The firm has a fifty day moving average price of $141.55 and a two-hundred day moving average price of $143.13. 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) (TSE:CIGI) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.17). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. Colliers International Group’s quarterly revenue was up 11.7% compared to the same quarter last year. Analysts anticipate that Colliers International Group Inc. will post 5.41 EPS for the current fiscal year.

Colliers International Group Announces Dividend

The business also recently announced 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. The ex-dividend date was Tuesday, December 31st. This represents a yield of 0.2%. Colliers International Group’s payout ratio is presently 9.55%.

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.