BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Raises Position in Colliers International Group Inc. (NASDAQ:CIGI)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 9.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,275 shares of the financial services provider's stock after purchasing an additional 10,667 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.26% of Colliers International Group worth $17,422,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Durable Capital Partners LP grew its holdings in Colliers International Group by 4.0% during the 4th quarter. Durable Capital Partners LP now owns 2,644,327 shares of the financial services provider's stock worth $359,549,000 after acquiring an additional 102,586 shares during the period. Vanguard Group Inc. grew its stake in shares of Colliers International Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider's stock worth $253,867,000 after purchasing an additional 21,422 shares during the period. FIL Ltd increased 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 valued at $210,449,000 after purchasing an additional 832,583 shares during the last quarter. Alberta Investment Management Corp boosted its holdings in Colliers International Group by 3.4% during the fourth quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider's stock worth $85,143,000 after buying an additional 20,794 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Colliers International Group in the 4th quarter valued at about $74,615,000. Institutional investors and hedge funds own 80.09% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on CIGI. Cibc World Mkts raised shares of Colliers International Group to a "strong-buy" rating in a research note on Tuesday, March 4th. William Blair reiterated an "outperform" rating on shares of Colliers International Group in a research note on Friday, February 28th. Colliers Securities set a $160.00 price objective on Colliers International Group in a report on Tuesday, March 4th. National Bankshares lowered their target price on Colliers International Group from $182.00 to $169.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Finally, CIBC started coverage on Colliers International Group in a research report on Tuesday, March 4th. They set a "sector outperform" rating and a $160.00 price target for the company. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $160.80.

Colliers International Group Price Performance

Shares of CIGI stock traded up $3.43 on Tuesday, reaching $121.44. The company had a trading volume of 26,819 shares, compared to its average volume of 118,732. Colliers International Group Inc. has a one year low of $100.86 and a one year high of $156.96. The stock has a market capitalization of $5.99 billion, a PE ratio of 37.97 and a beta of 1.38. 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 business's 50-day moving average is $118.96 and its 200 day moving average is $131.05.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its earnings results on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.04). The company 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 firm's revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.77 earnings per share. Equities research analysts forecast that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Colliers International Group Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be paid a $0.15 dividend. The ex-dividend date is Monday, June 30th. This represents a dividend yield of 0.2%. Colliers International Group's 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.