Colliers International Group (NASDAQ:CIGI) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) from a buy rating to a hold rating in a report issued on Saturday morning.

A number of other equities research analysts have also issued reports on CIGI. Stifel Nicolaus increased their price target on Colliers International Group from $190.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, January 21st. National Bank Financial lifted their price target on shares of Colliers International Group from $181.00 to $185.00 in a research note on Monday, December 15th. Canadian Imperial Bank of Commerce boosted their price target on shares of Colliers International Group from $175.00 to $179.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Finally, Raymond James Financial raised shares of Colliers International Group from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $195.00 to $200.00 in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $179.44.

Colliers International Group Stock Down 4.1%

Colliers International Group stock opened at $113.39 on Friday. The firm has a market capitalization of $5.64 billion, a P/E ratio of 56.41 and a beta of 1.40. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27. Colliers International Group has a twelve month low of $98.97 and a twelve month high of $171.51. The stock’s fifty day simple moving average is $141.85 and its 200-day simple moving average is $151.28.

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 paid 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%.

Hedge Funds Weigh In On Colliers International Group

Several hedge funds have recently made changes to their positions in CIGI. Goldman Sachs Group Inc. lifted its holdings in shares of Colliers International Group by 78.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 129,415 shares of the financial services provider’s stock valued at $15,698,000 after purchasing an additional 56,755 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Colliers International Group by 1.1% during the first 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 worth $5,508,000 after buying an additional 505 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in Colliers International Group by 23.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,090 shares of the financial services provider’s stock valued at $273,000 after buying an additional 397 shares during the last quarter. Vista Finance LLC lifted its stake in Colliers International Group by 4.1% in the second quarter. Vista Finance LLC now owns 3,073 shares of the financial services provider’s stock valued at $401,000 after buying an additional 120 shares during the last quarter. Finally, Cidel Asset Management Inc. boosted its holdings in shares of Colliers International Group by 1.4% in the second quarter. Cidel Asset Management Inc. now owns 129,280 shares of the financial services provider’s stock valued at $16,881,000 after acquiring an additional 1,756 shares during the period. Hedge funds and other institutional investors own 80.09% of the company’s stock.

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.