Canoe Financial LP Sells 2,743 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Canoe Financial LP reduced its position in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 6.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,953 shares of the financial services provider's stock after selling 2,743 shares during the period. Canoe Financial LP owned approximately 0.08% of Colliers International Group worth $4,594,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CIGI. Central Pacific Bank Trust Division raised its position in shares of Colliers International Group by 10.0% during the first quarter. Central Pacific Bank Trust Division now owns 1,100 shares of the financial services provider's stock worth $133,000 after purchasing an additional 100 shares during the period. Plato Investment Management Ltd raised its holdings in Colliers International Group by 16.0% during the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider's stock worth $117,000 after buying an additional 118 shares during the period. Pictet Asset Management Holding SA lifted its stake in Colliers International Group by 1.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 8,094 shares of the financial services provider's stock valued at $1,100,000 after buying an additional 144 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in shares of Colliers International Group by 0.4% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 34,425 shares of the financial services provider's stock valued at $4,681,000 after acquiring an additional 151 shares during the period. Finally, Alliancebernstein L.P. lifted its position in shares of Colliers International Group by 2.5% in the 4th quarter. Alliancebernstein L.P. now owns 7,474 shares of the financial services provider's stock valued at $1,016,000 after acquiring an additional 180 shares in the last quarter. 80.09% of the stock is currently owned by institutional investors.

Colliers International Group Stock Performance

CIGI traded up $1.13 during midday trading on Tuesday, reaching $132.85. The company's stock had a trading volume of 104,373 shares, compared to its average volume of 119,474. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24. The company has a fifty day simple moving average of $122.28 and a 200 day simple moving average of $127.78. The stock has a market cap of $6.56 billion, a P/E ratio of 46.61 and a beta of 1.39. Colliers International Group Inc. has a twelve month low of $100.86 and a twelve month high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its earnings results on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the firm posted $0.77 EPS. The company's revenue was up 13.9% compared to the same quarter last year. Research analysts expect that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

Colliers International Group Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be given a dividend of $0.15 per share. 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%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. CIBC assumed coverage on shares of Colliers International Group in a research note on Tuesday, March 4th. They set a "sector outperform" rating and a $160.00 target price on the stock. Colliers Securities set a $160.00 price target on Colliers International Group in a research report on Tuesday, March 4th. JPMorgan Chase & Co. decreased their price objective on Colliers International Group from $167.00 to $142.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Cibc World Mkts raised Colliers International Group to a "strong-buy" rating in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group reduced their price target on shares of Colliers International Group from $165.00 to $145.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $160.80.

Colliers International Group 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.