1832 Asset Management L.P. Has $35.25 Million Position in Colliers International Group Inc. (NASDAQ:CIGI)

1832 Asset Management L.P. increased its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 2.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 288,393 shares of the financial services provider’s stock after purchasing an additional 7,496 shares during the period. 1832 Asset Management L.P. owned approximately 0.59% of Colliers International Group worth $35,250,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Colliers International Group by 575.0% in 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 purchasing an additional 207 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in 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 purchasing an additional 316 shares during the last quarter. Tobam acquired a new position in Colliers International Group in the fourth quarter valued at about $58,000. Security National Bank bought a new stake in Colliers International Group during the fourth quarter worth about $70,000. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Colliers International Group during the first quarter worth approximately $118,000. Institutional investors own 80.09% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Colliers International Group Trading Up 2.5 %

Shares of NASDAQ CIGI traded up $3.34 during mid-day trading on Friday, hitting $139.43. The company’s stock had a trading volume of 106,338 shares, compared to its average volume of 117,395. Colliers International Group Inc. has a one year low of $83.38 and a one year high of $140.30. The company’s fifty day simple moving average is $115.58 and its 200-day simple moving average is $116.07. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 68.01 and a beta of 1.50.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data 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). The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $989.03 million. Colliers International Group had a net margin of 2.25% and a return on equity of 26.28%. On average, sell-side analysts anticipate that Colliers International Group Inc. will post 5.52 earnings per share for the current fiscal year.

Colliers International Group Announces Dividend

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

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.