58,000 Shares in Colliers International Group Inc. (NASDAQ:CIGI) Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 58,000 shares of the financial services provider’s stock, valued at approximately $7,092,000.

A number of other institutional investors have also made changes to their positions in CIGI. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Colliers International Group by 575.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 207 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Colliers International Group by 252.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 316 shares during the period. Tobam bought a new stake in shares of Colliers International Group during the 4th quarter valued at $58,000. Security National Bank bought a new stake in shares of Colliers International Group during the 4th quarter valued at $70,000. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Colliers International Group during the 1st quarter valued at $118,000. 80.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CIGI has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $145.00 target price on shares of Colliers International Group in a research report on Tuesday, June 4th. Scotiabank upped their target price on Colliers International Group from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday. Raymond James boosted their price target on Colliers International Group from $145.00 to $150.00 and gave the stock a “strong-buy” rating in a report on Wednesday, June 5th. Finally, BMO Capital Markets boosted their price target on Colliers International Group from $137.00 to $140.00 and gave the stock an “outperform” rating in a report on Tuesday, June 4th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $142.50.

Colliers International Group Price Performance

CIGI traded up $6.18 on Thursday, reaching $137.28. The stock had a trading volume of 160,717 shares, compared to its average volume of 112,851. Colliers International Group Inc. has a fifty-two week low of $83.38 and a fifty-two week high of $138.46. The firm has a 50-day moving average of $114.72 and a 200-day moving average of $115.76. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 65.03 and a beta of 1.50.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.20). Colliers International Group had a return on equity of 26.28% and a net margin of 2.25%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $989.03 million. As a group, sell-side analysts anticipate that Colliers International Group Inc. will post 5.52 EPS for the current year.

Colliers International Group Dividend Announcement

The business also recently declared a Semi-Annual dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were paid a $0.15 dividend. The ex-dividend date was Friday, June 28th. This represents a dividend yield of 0.3%. Colliers International Group’s payout ratio is 14.63%.

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.