Vista Finance LLC Invests $375,000 in Colliers International Group Inc. (NASDAQ:CIGI)

Vista Finance LLC bought a new stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) during the 4th quarter, Holdings Channel reports. The firm bought 2,760 shares of the financial services provider’s stock, valued at approximately $375,000. Colliers International Group accounts for approximately 0.4% of Vista Finance LLC’s holdings, making the stock its 26th biggest position.

Several other hedge funds have also bought and sold shares of the stock. Franklin Resources Inc. lifted its position in shares of Colliers International Group by 100.8% during the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock valued at $102,261,000 after buying an additional 340,691 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Colliers International Group during the third quarter valued at approximately $69,920,000. Loomis Sayles & Co. L P boosted its position in shares of Colliers International Group by 55.5% in the third quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider’s stock worth $54,461,000 after purchasing an additional 128,005 shares during the period. Cibc World Market Inc. boosted its position in shares of 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. increased its stake in shares of 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. Institutional investors own 80.09% of the company’s stock.

Analyst Ratings Changes

CIGI has been the subject of several recent analyst reports. Raymond James dropped their target price on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, February 7th. National Bankshares cut their target price on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Scotiabank lowered their price target on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a report on Friday, February 7th. JPMorgan Chase & Co. began coverage on shares of Colliers International Group in a report on Monday, December 16th. They set a “neutral” rating and a $167.00 price objective for the company. Finally, National Bank Financial raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $168.63.

Colliers International Group Trading Down 0.3 %

CIGI stock opened at $131.70 on Friday. The firm has a fifty day moving average price of $138.24 and a 200 day moving average price of $143.43. Colliers International Group Inc. has a fifty-two week low of $101.01 and a fifty-two week high of $156.96. The firm has a market cap of $6.49 billion, a PE ratio of 41.29 and a beta of 1.49. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings data 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%. Sell-side analysts anticipate that Colliers International Group Inc. will post 6.58 earnings per share for the current fiscal year.

Colliers International Group Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a yield of 0.2%. Colliers International Group’s dividend payout ratio (DPR) is presently 9.40%.

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.