Cibc World Market Inc. Purchases 8,148 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Cibc World Market Inc. increased its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,317 shares of the financial services provider’s stock after buying an additional 8,148 shares during the quarter. Cibc World Market Inc.’s holdings in Colliers International Group were worth $29,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. lifted 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 acquiring an additional 124 shares during the last quarter. King Luther Capital Management Corp raised its position in Colliers International Group by 1.2% in the 3rd quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider’s stock worth $2,222,000 after purchasing an additional 178 shares during the period. HighTower Advisors LLC lifted its stake in Colliers International Group by 13.6% in the third 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. Whittier Trust Co. boosted its position in Colliers International Group by 8.4% during the third quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider’s stock valued at $540,000 after buying an additional 277 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Colliers International Group by 3.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,346 shares of the financial services provider’s stock valued at $1,420,000 after buying an additional 291 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CIGI shares. Royal Bank of Canada boosted their target price on Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. The Goldman Sachs Group began coverage on Colliers International Group in a research note on Friday, December 6th. They set a “neutral” rating and a $170.00 price objective for the company. National Bank Financial raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Raymond James increased their price target on shares of Colliers International Group from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. assumed coverage on shares of Colliers International Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $167.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Colliers International Group has a consensus rating of “Moderate Buy” and an average price target of $164.63.

Colliers International Group Trading Down 0.6 %

NASDAQ:CIGI opened at $142.35 on Friday. Colliers International Group Inc. has a 12 month low of $101.01 and a 12 month high of $156.96. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42. The company has a 50-day moving average price of $141.55 and a 200-day moving average price of $143.13. The stock 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 (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.17). Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm posted $1.10 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. Equities analysts predict that Colliers International Group Inc. will post 5.41 EPS for the current year.

Colliers International Group Announces Dividend

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

Colliers International Group 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.