Colliers International Group Inc. (NASDAQ:CIGI) Shares Bought by Tobam

Tobam raised its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 913 shares of the financial services provider’s stock after acquiring an additional 98 shares during the period. Tobam’s holdings in Colliers International Group were worth $124,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CIGI. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Colliers International Group by 26.4% during 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 during the last quarter. Plato Investment Management Ltd acquired a new stake in Colliers International Group during the 3rd quarter worth about $112,000. Blue Trust Inc. raised its stake in shares of Colliers International Group by 197.8% during the 3rd quarter. Blue Trust Inc. now owns 932 shares of the financial services provider’s stock valued at $141,000 after buying an additional 619 shares during the last quarter. Stonegate Investment Group LLC purchased a new stake in shares of Colliers International Group in the third quarter worth about $264,000. Finally, HighTower Advisors LLC grew its holdings in 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 worth $323,000 after acquiring an additional 254 shares during the period. 80.09% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Stock Down 0.6 %

CIGI opened at $135.28 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.42. Colliers International Group Inc. has a twelve month low of $101.01 and a twelve month high of $156.96. The company has a market cap of $6.67 billion, a PE ratio of 43.08 and a beta of 1.49. The company has a 50-day moving average price of $140.61 and a 200 day moving average price of $143.44.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share 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%. Sell-side analysts expect that Colliers International Group Inc. will post 5.41 earnings per share for the current fiscal year.

Colliers International Group Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a yield of 0.2%. Colliers International Group’s dividend payout ratio (DPR) is presently 9.55%.

Analyst Ratings Changes

CIGI has been the subject of a number of analyst reports. National Bankshares decreased their price target on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a report on Friday. The Goldman Sachs Group assumed coverage on shares of Colliers International Group in a research note on Friday, December 6th. They issued a “neutral” rating and a $170.00 target price for the company. National Bank Financial raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. BMO Capital Markets lowered their target price on shares of Colliers International Group from $177.00 to $172.00 and set a “market perform” rating on the stock in a research note on Friday. Finally, Royal Bank of Canada lifted their price target on Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to 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.