Toronto Dominion Bank Decreases Stock Position in Colliers International Group Inc. (NASDAQ:CIGI)

Toronto Dominion Bank lessened its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 5.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,324 shares of the financial services provider’s stock after selling 876 shares during the period. Toronto Dominion Bank’s holdings in Colliers International Group were worth $2,478,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. lifted its holdings in Colliers International Group by 26.4% during the third 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 last quarter. King Luther Capital Management Corp lifted its stake in shares of Colliers International Group by 1.2% during the 3rd quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider’s stock valued at $2,222,000 after buying an additional 178 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Colliers International Group by 2.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,055 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 238 shares during the period. HighTower Advisors LLC grew its stake in Colliers International Group by 13.6% in the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock valued at $323,000 after buying an additional 254 shares in the last quarter. Finally, Whittier Trust Co. raised its holdings in 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 valued at $540,000 after acquiring an additional 277 shares during the period. Institutional investors own 80.09% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on CIGI shares. Royal Bank of Canada lifted their price target 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. The Goldman Sachs Group started coverage on Colliers International Group in a report on Friday, December 6th. They set a “neutral” rating and a $170.00 target price for the company. StockNews.com downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. BMO Capital Markets boosted their price objective on shares of Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a research note on Friday, September 13th. Finally, Scotiabank increased their target price on shares of Colliers International Group from $155.00 to $167.50 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.79.

Colliers International Group Price Performance

CIGI stock opened at $145.54 on Monday. The firm has a 50 day simple moving average of $149.86 and a two-hundred day simple moving average of $137.25. The stock has a market cap of $7.34 billion, a PE ratio of 46.35 and a beta of 1.47. Colliers International Group Inc. has a one year low of $101.01 and a one year 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) (TSE:CIGI) last announced its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.17). The company 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 firm’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 earnings per share. On average, analysts predict that Colliers International Group Inc. will post 5.44 EPS for the current fiscal year.

Colliers International Group Announces Dividend

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

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.