Janus Henderson Group PLC Increases Stake in Colliers International Group Inc. $CIGI

Janus Henderson Group PLC raised its stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 11.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 725,961 shares of the financial services provider’s stock after acquiring an additional 76,588 shares during the quarter. Janus Henderson Group PLC’s holdings in Colliers International Group were worth $78,093,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Amundi grew its stake in shares of Colliers International Group by 75.4% during the 1st quarter. Amundi now owns 3,827 shares of the financial services provider’s stock worth $409,000 after purchasing an additional 1,645 shares during the period. Royal Bank of Canada lifted its stake in shares of Colliers International Group by 3.4% in the 1st quarter. Royal Bank of Canada now owns 3,970,524 shares of the financial services provider’s stock valued at $424,409,000 after purchasing an additional 129,144 shares during the period. Empowered Funds LLC boosted its holdings in Colliers International Group by 2.6% during the first quarter. Empowered Funds LLC now owns 23,042 shares of the financial services provider’s stock worth $2,463,000 after buying an additional 573 shares in the last quarter. Spruce House Investment Management LLC boosted its holdings in Colliers International Group by 93.0% during the first quarter. Spruce House Investment Management LLC now owns 2,511,000 shares of the financial services provider’s stock worth $268,387,000 after buying an additional 1,209,867 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Colliers International Group by 28.8% during the first quarter. Renaissance Technologies LLC now owns 485,061 shares of the financial services provider’s stock valued at $51,848,000 after buying an additional 108,361 shares during the period. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Scotia cut their price objective on shares of Colliers International Group from $150.00 to $145.00 and set a “sector outperform” rating for the company in a report on Friday. Royal Bank Of Canada lowered their target price on shares of Colliers International Group from $160.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Weiss Ratings cut Colliers International Group from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Raymond James Financial cut their price target on Colliers International Group from $185.00 to $180.00 in a research note on Wednesday, April 29th. Finally, BMO Capital Markets reduced their price target on Colliers International Group from $180.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $157.56.

More Colliers International Group News

Here are the key news stories impacting Colliers International Group this week:

• Positive Sentiment: Colliers reported second-quarter adjusted earnings of $1.83 per share, ahead of the $1.79 consensus estimate and up from $1.72 a year earlier. Revenue increased 16.7% year over year to $1.38 billion. Colliers International Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: National Bank Financial raised its price target from $109 to $110 and reiterated an “outperform” rating, implying approximately 11.6% upside from the referenced share price. BayStreet.CA analyst ratings
• Neutral Sentiment: Scotiabank lowered its price target from $150 to $145 but maintained a “sector outperform” rating. The reduced target is a modest negative signal, although the rating still indicates expected relative strength and substantial potential upside. Benzinga analyst ratings
• Negative Sentiment: Quarterly revenue of $1.38 billion was below the $1.48 billion analyst estimate, a 6.8% shortfall despite strong year-over-year growth. The revenue miss may be weighing on the stock more than the modest EPS beat is supporting it. Colliers International Group earnings report

Colliers International Group Price Performance

Colliers International Group stock opened at $98.55 on Friday. The company’s fifty day moving average price is $96.62 and its 200 day moving average price is $109.16. Colliers International Group Inc. has a 1 year low of $88.38 and a 1 year high of $171.51. The stock has a market capitalization of $5.04 billion, a P/E ratio of 46.93 and a beta of 1.26. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.23 and a current ratio of 1.23.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.83 EPS for the quarter, topping the consensus estimate of $1.79 by $0.04. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.48 billion. Colliers International Group had a net margin of 1.81% and a return on equity of 20.32%. The firm’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.72 EPS. As a group, equities research analysts anticipate that Colliers International Group Inc. will post 6.82 earnings per share for the current fiscal year.

Colliers International Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were given a $0.15 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.6%. Colliers International Group’s dividend payout ratio (DPR) is 14.29%.

Colliers International Group 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.