Colliers International Group Inc. $CIGI Shares Bought by TD Asset Management Inc

TD Asset Management Inc grew its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 4.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 248,342 shares of the financial services provider’s stock after acquiring an additional 10,559 shares during the period. TD Asset Management Inc owned about 0.50% of Colliers International Group worth $38,843,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CIGI. Goldman Sachs Group Inc. lifted its stake in shares of Colliers International Group by 78.1% during the first quarter. Goldman Sachs Group Inc. now owns 129,415 shares of the financial services provider’s stock worth $15,698,000 after purchasing an additional 56,755 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Colliers International Group by 1.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 45,408 shares of the financial services provider’s stock valued at $5,508,000 after buying an additional 505 shares during the period. Envestnet Asset Management Inc. lifted its position in Colliers International Group by 57.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,358 shares of the financial services provider’s stock worth $961,000 after acquiring an additional 2,685 shares in the last quarter. Versor Investments LP lifted its position in Colliers International Group by 234.5% during the 2nd quarter. Versor Investments LP now owns 5,831 shares of the financial services provider’s stock worth $763,000 after acquiring an additional 4,088 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in Colliers International Group by 0.4% in the 2nd quarter. Bank of Montreal Can now owns 686,130 shares of the financial services provider’s stock worth $89,830,000 after acquiring an additional 2,943 shares during the period. 80.09% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Trading Down 1.9%

Colliers International Group stock opened at $118.73 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.14 and a current ratio of 1.10. The firm’s 50-day moving average is $136.51 and its 200-day moving average is $148.85. Colliers International Group Inc. has a 1 year low of $98.97 and a 1 year high of $171.51. The company has a market cap of $5.91 billion, a P/E ratio of 59.07 and a beta of 1.40.

Colliers International Group Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a dividend yield of 20.0%. Colliers International Group’s dividend payout ratio (DPR) is 14.93%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CIGI. Zacks Research lowered shares of Colliers International Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Royal Bank Of Canada dropped their price target on shares of Colliers International Group from $190.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. Scotiabank decreased their price objective on shares of Colliers International Group from $185.00 to $155.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Wall Street Zen downgraded Colliers International Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Raymond James Financial cut their price target on Colliers International Group from $200.00 to $185.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $168.89.

About Colliers International Group

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.