D. E. Shaw & Co. Inc. Has $6.15 Million Stock Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

D. E. Shaw & Co. Inc. raised its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 187.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,266 shares of the financial services provider's stock after acquiring an additional 29,527 shares during the period. D. E. Shaw & Co. Inc. owned about 0.09% of Colliers International Group worth $6,154,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on CIGI shares. The Goldman Sachs Group dropped their price objective on Colliers International Group from $165.00 to $145.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. StockNews.com cut Colliers International Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. Colliers Securities set a $160.00 price objective on shares of Colliers International Group in a report on Tuesday, March 4th. Cibc World Mkts raised shares of Colliers International Group to a "strong-buy" rating in a research report on Tuesday, March 4th. Finally, CIBC assumed coverage on Colliers International Group in a report on Tuesday, March 4th. They set a "sector outperform" rating and a $160.00 target price for the company. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Colliers International Group has an average rating of "Moderate Buy" and an average price target of $160.80.

Colliers International Group Stock Performance

Shares of NASDAQ CIGI traded up $1.22 during midday trading on Tuesday, hitting $125.59. 141,943 shares of the company's stock were exchanged, compared to its average volume of 115,805. 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 firm has a market capitalization of $6.19 billion, a PE ratio of 39.37 and a beta of 1.38. Colliers International Group Inc. has a 12 month low of $100.86 and a 12 month high of $156.96. The company's 50 day moving average price is $119.24 and its 200 day moving average price is $132.13.

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

Colliers International Group Dividend Announcement

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.15 per share. This represents a dividend yield of 0.2%. The ex-dividend date is Monday, June 30th. Colliers International Group's dividend payout ratio is presently 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.