D. E. Shaw & Co. Inc. Raises Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

D. E. Shaw & Co. Inc. boosted its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 187.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,266 shares of the financial services provider's stock after purchasing an additional 29,527 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.09% of Colliers International Group worth $6,154,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Tobam lifted its position in Colliers International Group by 12.0% during the fourth quarter. Tobam now owns 913 shares of the financial services provider's stock valued at $124,000 after purchasing an additional 98 shares during the last quarter. Plato Investment Management Ltd lifted its holdings in shares of Colliers International Group by 16.0% in the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider's stock valued at $117,000 after acquiring an additional 118 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Colliers International Group by 1.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 8,094 shares of the financial services provider's stock valued at $1,100,000 after acquiring an additional 144 shares during the last quarter. Alliancebernstein L.P. grew its position in Colliers International Group by 2.5% in the fourth quarter. Alliancebernstein L.P. now owns 7,474 shares of the financial services provider's stock worth $1,016,000 after acquiring an additional 180 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Colliers International Group by 1,752.9% during the fourth 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 during the last quarter. Institutional investors own 80.09% of the company's stock.

Colliers International Group Stock Down 0.6%

Shares of CIGI stock traded down $0.77 during mid-day trading on Thursday, hitting $118.55. 20,713 shares of the stock traded hands, compared to its average volume of 118,044. Colliers International Group Inc. has a 52-week low of $100.86 and a 52-week high of $156.96. The stock has a market cap of $5.84 billion, a P/E ratio of 37.16 and a beta of 1.38. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. The stock's fifty day moving average is $119.31 and its two-hundred day moving average is $132.00.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted 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 firm 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%. The company's revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 EPS. Equities analysts predict that Colliers International Group Inc. will post 6.2 EPS for the current year.

Colliers International Group Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CIGI shares. William Blair reissued an "outperform" rating on shares of Colliers International Group in a research note on Friday, February 28th. Raymond James dropped their price objective on Colliers International Group from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. JPMorgan Chase & Co. reduced their price objective on Colliers International Group from $167.00 to $142.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Scotiabank lowered their target price on Colliers International Group from $165.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, Cibc World Mkts raised Colliers International Group to a "strong-buy" rating in a research report on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $160.80.

About Colliers International Group

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.