Ameriprise Financial Inc. Sells 34,142 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Ameriprise Financial Inc. trimmed its position in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 343,169 shares of the financial services provider's stock after selling 34,142 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.70% of Colliers International Group worth $46,661,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in Colliers International Group by 1,752.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock worth $43,000 after buying an additional 298 shares during the period. Plato Investment Management Ltd boosted its holdings in shares of Colliers International Group by 16.0% in the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider's stock valued at $117,000 after buying an additional 118 shares during the period. Tobam increased its position in shares of Colliers International Group by 12.0% during the fourth quarter. Tobam now owns 913 shares of the financial services provider's stock worth $124,000 after acquiring an additional 98 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Colliers International Group during the fourth quarter worth $145,000. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Colliers International Group by 44.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider's stock worth $164,000 after acquiring an additional 378 shares during the period. 80.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Stifel Nicolaus cut their target price on Colliers International Group from $165.00 to $160.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. National Bankshares decreased their target price on Colliers International Group from $182.00 to $169.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. JPMorgan Chase & Co. lowered their price target on shares of Colliers International Group from $167.00 to $142.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Colliers Securities set a $160.00 price objective on Colliers International Group in a research report on Tuesday, March 4th. Finally, BMO Capital Markets cut their price target on Colliers International Group from $177.00 to $172.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Colliers International Group currently has an average rating of "Moderate Buy" and a consensus target price of $160.80.

Colliers International Group Price Performance

Shares of CIGI stock traded up $0.27 during trading hours on Friday, reaching $128.27. The company's stock had a trading volume of 14,281 shares, compared to its average volume of 115,020. Colliers International Group Inc. has a fifty-two week low of $100.86 and a fifty-two week high of $156.96. The firm's 50 day simple moving average is $119.10 and its 200-day simple moving average is $132.80. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 40.37 and a beta of 1.38.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.04). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.15 billion. Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. Colliers International Group's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 earnings per share. Sell-side analysts forecast that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

Colliers International Group Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a dividend yield of 0.2%. Colliers International Group's dividend payout ratio (DPR) is currently 10.53%.

Colliers International Group Company 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.