Tobam Grows Stock Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Tobam lifted its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 913 shares of the financial services provider’s stock after acquiring an additional 98 shares during the quarter. Tobam’s holdings in Colliers International Group were worth $124,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. grew its stake 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 purchasing an additional 124 shares in the last quarter. King Luther Capital Management Corp grew its position in shares of Colliers International Group by 1.2% during the 3rd quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider’s stock worth $2,222,000 after buying an additional 178 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Colliers International Group by 13.6% during the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock valued at $323,000 after buying an additional 254 shares during the period. Whittier Trust Co. raised its holdings in shares of Colliers International Group by 8.4% in the third quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider’s stock valued at $540,000 after acquiring an additional 277 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Colliers International Group by 3.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,346 shares of the financial services provider’s stock worth $1,420,000 after acquiring an additional 291 shares during the period. 80.09% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Trading Down 0.6 %

Shares of NASDAQ:CIGI opened at $135.28 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $6.67 billion, a P/E ratio of 43.08 and a beta of 1.49. The business’s 50-day moving average is $140.61 and its 200 day moving average is $143.44. Colliers International Group Inc. has a 1 year low of $101.01 and a 1 year high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 EPS 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%. On average, research analysts predict that Colliers International Group Inc. will post 5.41 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 Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.15 per share. This represents a dividend yield of 0.2%. The ex-dividend date was Tuesday, December 31st. Colliers International Group’s dividend payout ratio (DPR) is presently 9.55%.

Analyst Ratings Changes

A number of research firms have commented on CIGI. National Bank Financial raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Scotiabank reduced their price objective on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a research note on Friday. JPMorgan Chase & Co. began coverage on Colliers International Group in a research report on Monday, December 16th. They set a “neutral” rating and a $167.00 target price on the stock. Royal Bank of Canada boosted their price target on Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, The Goldman Sachs Group assumed coverage on Colliers International Group in a research report on Friday, December 6th. They set a “neutral” rating and a $170.00 price objective on the stock. Four 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.63.

Colliers International Group 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.