Colliers International Group (NASDAQ:CIGI) Coverage Initiated at Citizens Jmp

Citizens Jmp initiated coverage on shares of Colliers International Group (NASDAQ:CIGI - Free Report) TSE: CIGI in a report released on Monday morning, Marketbeat reports. The firm issued a market perform rating on the financial services provider's stock.

Other analysts also recently issued research reports about the company. Stifel Nicolaus lowered their price objective on Colliers International Group from $165.00 to $160.00 and set a "buy" rating for the company in a research report on Monday, April 28th. JMP Securities began coverage on Colliers International Group in a report on Monday. They issued a "market perform" rating for the company. Scotiabank dropped their price target on Colliers International Group from $165.00 to $155.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of 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 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 stock. According to MarketBeat.com, Colliers International Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $160.80.

Colliers International Group Trading Up 1.2%

Shares of CIGI stock traded up $1.74 on Monday, hitting $141.63. 48,099 shares of the company's stock traded hands, compared to its average volume of 128,511. The stock has a market capitalization of $7.01 billion, a price-to-earnings ratio of 49.69 and a beta of 1.39. The company's fifty day simple moving average is $128.88 and its 200 day simple moving average is $127.06. Colliers International Group has a one year low of $100.86 and a one year high of $156.96. 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 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). Colliers International Group had a return on equity of 20.20% and a net margin of 2.92%. The company had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the prior year, the firm posted $0.77 EPS. The firm's quarterly revenue was up 13.9% on a year-over-year basis. Equities analysts forecast that Colliers International Group will post 6.2 EPS for the current year.

Colliers International Group Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CIGI. Royal Bank of Canada increased its holdings in shares of Colliers International Group by 1.4% during the first quarter. Royal Bank of Canada now owns 3,815,470 shares of the financial services provider's stock valued at $462,816,000 after acquiring an additional 52,414 shares in the last quarter. Durable Capital Partners LP increased its stake in Colliers International Group by 12.4% during the 1st quarter. Durable Capital Partners LP now owns 2,972,757 shares of the financial services provider's stock valued at $360,595,000 after purchasing an additional 328,430 shares in the last quarter. Vanguard Group Inc. increased its stake in Colliers International Group by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 1,905,172 shares of the financial services provider's stock valued at $230,558,000 after purchasing an additional 38,379 shares in the last quarter. FIL Ltd raised its holdings in Colliers International Group by 116.5% in the fourth quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider's stock worth $210,449,000 after buying an additional 832,583 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its stake in shares of Colliers International Group by 56.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 965,700 shares of the financial services provider's stock worth $117,140,000 after buying an additional 349,046 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company's stock.

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.