Vista Finance LLC Purchases New Shares in Colliers International Group Inc. (NASDAQ:CIGI)

Vista Finance LLC acquired a new position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,760 shares of the financial services provider’s stock, valued at approximately $375,000. Colliers International Group makes up 0.4% of Vista Finance LLC’s investment portfolio, making the stock its 26th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of CIGI. Franklin Resources Inc. lifted its holdings in Colliers International Group by 100.8% in the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock worth $102,261,000 after buying an additional 340,691 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Colliers International Group in the 3rd quarter valued at approximately $69,920,000. Loomis Sayles & Co. L P boosted its position in shares of Colliers International Group by 55.5% during the third quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider’s stock valued at $54,461,000 after purchasing an additional 128,005 shares in the last quarter. Cibc World Market Inc. grew its stake in Colliers International Group by 3.9% in the fourth quarter. Cibc World Market Inc. now owns 219,317 shares of the financial services provider’s stock worth $29,814,000 after purchasing an additional 8,148 shares during the period. Finally, Addenda Capital Inc. raised its holdings in Colliers International Group by 7.6% in the fourth quarter. Addenda Capital Inc. now owns 175,780 shares of the financial services provider’s stock worth $23,901,000 after purchasing an additional 12,415 shares in the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Price Performance

CIGI opened at $131.70 on Friday. The company’s 50-day simple moving average is $138.24 and its two-hundred day simple moving average is $143.43. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $6.49 billion, a P/E ratio of 41.29 and a beta of 1.49. Colliers International Group Inc. has a 52-week low of $101.01 and a 52-week high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.89% and a net margin of 3.35%. As a group, analysts predict that Colliers International Group Inc. will post 6.58 EPS for the current year.

Colliers International Group Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.15 per share. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, December 31st. Colliers International Group’s payout ratio is currently 9.40%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Raymond James reduced 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. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. The Goldman Sachs Group initiated coverage on Colliers International Group in a research note on Friday, December 6th. They issued a “neutral” rating and a $170.00 price target on the stock. BMO Capital Markets lowered their price objective on Colliers International Group from $177.00 to $172.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. Finally, Royal Bank of Canada increased their target price on Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Colliers International Group has an average rating of “Moderate Buy” and a consensus target price of $168.63.

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.