Ameriprise Financial Inc. Has $1.15 Million Position in Colliers International Group Inc (NASDAQ:CIGI)

Ameriprise Financial Inc. trimmed its position in Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) by 22.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,168 shares of the financial services provider’s stock after selling 6,814 shares during the period. Ameriprise Financial Inc. owned approximately 0.06% of Colliers International Group worth $1,151,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. State of Tennessee Treasury Department bought a new position in shares of Colliers International Group during the 2nd quarter worth approximately $201,000. FMR LLC bought a new position in shares of Colliers International Group during the 2nd quarter worth approximately $208,000. Legal & General Group Plc grew its stake in shares of Colliers International Group by 4.5% in the second quarter. Legal & General Group Plc now owns 4,587 shares of the financial services provider’s stock valued at $259,000 after buying an additional 198 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Colliers International Group by 23.5% in the second quarter. Schroder Investment Management Group now owns 6,769 shares of the financial services provider’s stock valued at $490,000 after buying an additional 1,290 shares in the last quarter. Finally, Scotia Capital Inc. grew its stake in shares of Colliers International Group by 46.4% in the second quarter. Scotia Capital Inc. now owns 7,073 shares of the financial services provider’s stock valued at $398,000 after buying an additional 2,242 shares in the last quarter. Institutional investors and hedge funds own 63.08% of the company’s stock.

Shares of Colliers International Group Inc (CIGI) opened at $62.60 on Thursday. Colliers International Group Inc has a twelve month low of $34.70 and a twelve month high of $63.05. The company has a market capitalization of $2,377.33, a P/E ratio of 40.92 and a beta of 1.80. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.48.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.15). Colliers International Group had a net margin of 2.81% and a return on equity of 41.41%. equities analysts predict that Colliers International Group Inc will post 2.84 EPS for the current fiscal year.

The company also recently announced a semiannual dividend, which was paid on Wednesday, January 10th. Stockholders of record on Friday, December 29th were given a dividend of $0.05 per share. This represents a dividend yield of 0.17%. The ex-dividend date of this dividend was Thursday, December 28th. Colliers International Group’s payout ratio is 6.54%.

A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of Colliers International Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. BidaskClub raised Colliers International Group from a “hold” rating to a “buy” rating in a report on Friday, December 29th. ValuEngine downgraded Colliers International Group from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $66.00 price target on shares of Colliers International Group in a research note on Thursday, November 2nd. Finally, Scotiabank boosted their price target on Colliers International Group from $75.50 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $71.40.

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Colliers International Group Profile

Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. Its segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.

Institutional Ownership by Quarter for Colliers International Group (NASDAQ:CIGI)

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