Colliers International Group (NASDAQ:CIGI) Sees Large Volume Increase – Should You Buy?

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) saw unusually-strong trading volume on Wednesday . Approximately 257,122 shares traded hands during trading, an increase of 121% from the previous session’s volume of 116,433 shares.The stock last traded at $138.1490 and had previously closed at $137.25.

Wall Street Analyst Weigh In

A number of analysts have commented on CIGI shares. Raymond James Financial upped their price target on Colliers International Group from $180.00 to $195.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Wall Street Zen upgraded Colliers International Group from a “hold” rating to a “buy” rating in a research report on Sunday, January 25th. CIBC increased their price target on Colliers International Group from $175.00 to $179.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Stifel Nicolaus raised their price objective on Colliers International Group from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Colliers International Group has a consensus rating of “Moderate Buy” and an average target price of $178.20.

Colliers International Group Trading Down 1.4%

The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27. The company has a fifty day simple moving average of $144.62 and a two-hundred day simple moving average of $151.95. The company has a market cap of $6.80 billion, a PE ratio of 59.69 and a beta of 1.40.

Colliers International Group Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were given a dividend of $0.15 per share. This represents a yield of 20.0%. The ex-dividend date was Wednesday, December 31st. Colliers International Group’s dividend payout ratio (DPR) is currently 13.10%.

Institutional Trading of Colliers International Group

Institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd bought a new position in Colliers International Group during the 3rd quarter valued at $26,000. JPMorgan Chase & Co. bought a new position in Colliers International Group during the 2nd quarter valued at $39,000. EverSource Wealth Advisors LLC lifted its stake in Colliers International Group by 26.3% during the second quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 63 shares during the last quarter. Blue Trust Inc. increased its stake in Colliers International Group by 17.1% in the 3rd quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 74 shares in the last quarter. Finally, Sagard Holdings Management Inc. acquired a new stake in Colliers International Group during the 2nd quarter valued at $73,000. 80.09% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Company Profile

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.