Triasima Portfolio Management inc. Buys 1,200 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Triasima Portfolio Management inc. boosted its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 8.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,058 shares of the financial services provider’s stock after purchasing an additional 1,200 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Colliers International Group were worth $2,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in Colliers International Group by 26.4% in the third 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 in the last quarter. Plato Investment Management Ltd acquired a new stake in Colliers International Group in the third quarter worth about $112,000. Tobam boosted its holdings in Colliers International Group by 12.0% in the fourth quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 98 shares in the last quarter. Blue Trust Inc. boosted its holdings in Colliers International Group by 197.8% in the third quarter. Blue Trust Inc. now owns 932 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 619 shares in the last quarter. Finally, Stonegate Investment Group LLC acquired a new stake in Colliers International Group in the third quarter worth about $264,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on CIGI. Royal Bank of Canada raised their price target on Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. began coverage on Colliers International Group in a report on Monday, December 16th. They set a “neutral” rating and a $167.00 target price for the company. Raymond James lifted their target price on Colliers International Group from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, Scotiabank decreased their target price on Colliers International Group from $172.50 to $170.00 and set a “sector outperform” rating for the company in a report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $164.63.

Colliers International Group Stock Down 6.8 %

Shares of CIGI stock opened at $136.07 on Friday. The stock has a 50 day moving average of $140.61 and a 200 day moving average of $143.44. 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 stock has a market cap of $6.71 billion, a P/E ratio of 43.33 and a beta of 1.49. Colliers International Group Inc. has a twelve month low of $101.01 and a twelve month high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. As a group, sell-side analysts expect that Colliers International Group Inc. will post 5.41 EPS for the current year.

Colliers International Group Announces Dividend

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