JMP Securities Begins Coverage on Colliers International Group (NASDAQ:CIGI)

JMP Securities began coverage on shares of Colliers International Group (NASDAQ:CIGI - Free Report) TSE: CIGI in a research report sent to investors on Monday,Benzinga reports. The brokerage issued a market perform rating on the financial services provider's stock.

Several other research firms also recently issued reports on CIGI. Scotiabank dropped their target price on Colliers International Group from $165.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Stifel Nicolaus lowered their price objective on Colliers International Group from $165.00 to $160.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. lowered their price objective on Colliers International Group from $167.00 to $142.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $160.80.

Colliers International Group Stock Performance

NASDAQ CIGI traded up $1.74 on Monday, hitting $141.63. 48,099 shares of the stock traded hands, compared to its average volume of 128,511. The business's fifty day moving average is $128.88 and its two-hundred day moving average is $127.06. Colliers International Group has a 12 month low of $100.86 and a 12 month high of $156.96. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 49.69 and a beta of 1.39. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.17 and a current ratio of 1.17.

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). Colliers International Group had a net margin of 2.92% and a return on equity of 20.20%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company posted $0.77 earnings per share. Colliers International Group's revenue for the quarter was up 13.9% on a year-over-year basis. As a group, equities analysts anticipate that Colliers International Group will post 6.2 EPS for the current fiscal year.

Colliers International Group Dividend Announcement

The company also recently declared a semi-annual dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were given a dividend of $0.15 per share. The ex-dividend date was Monday, June 30th. This represents a yield of 0.2%. Colliers International Group's payout ratio is 10.53%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. TCTC Holdings LLC increased its holdings in shares of Colliers International Group by 114.9% in the first quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider's stock worth $26,000 after buying an additional 116 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Colliers International Group in the first quarter worth about $33,000. Tower Research Capital LLC TRC increased its holdings in shares of Colliers International Group by 1,752.9% in the fourth 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. State of Wyoming purchased a new position in shares of Colliers International Group in the first quarter worth about $52,000. Finally, Central Pacific Bank Trust Division increased its holdings in shares of Colliers International Group by 10.0% in the first quarter. Central Pacific Bank Trust Division now owns 1,100 shares of the financial services provider's stock worth $133,000 after buying an additional 100 shares during the period. 80.09% of the stock is owned by institutional investors.

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.