Lincluden Management Ltd. Purchases 3,479 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Lincluden Management Ltd. grew its position in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 7.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 51,611 shares of the financial services provider's stock after purchasing an additional 3,479 shares during the quarter. Colliers International Group accounts for 0.8% of Lincluden Management Ltd.'s portfolio, making the stock its 27th largest position. Lincluden Management Ltd. owned about 0.10% of Colliers International Group worth $6,246,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC grew its holdings in shares of 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 valued at $43,000 after buying an additional 298 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings 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 valued at $133,000 after buying an additional 100 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Colliers International Group by 44.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider's stock valued at $164,000 after buying an additional 378 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of Colliers International Group during the fourth quarter valued at $180,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Colliers International Group by 13.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,435 shares of the financial services provider's stock valued at $174,000 after buying an additional 175 shares in the last quarter. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Trading Down 0.5%

Shares of Colliers International Group stock traded down $0.75 during trading on Monday, hitting $141.63. The company's stock had a trading volume of 60,190 shares, compared to its average volume of 128,504. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.17 and a quick ratio of 1.17. 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 $7.01 billion, a price-to-earnings ratio of 49.72 and a beta of 1.39. The stock has a 50-day moving average price of $129.46 and a two-hundred day moving average price of $127.03.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its earnings results on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.91 by ($0.04). The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.15 billion. Colliers International Group had a return on equity of 20.20% and a net margin of 2.92%. The company's revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. Equities research analysts anticipate that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Colliers International Group Announces Dividend

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

Analyst Ratings Changes

CIGI has been the topic of a number of research analyst reports. Stifel Nicolaus lowered their price target on Colliers International Group from $165.00 to $160.00 and set a "buy" rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. reduced 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. Scotiabank reduced their price objective on Colliers International Group from $165.00 to $155.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Citizens Jmp started coverage on Colliers International Group in a research report on Monday, July 21st. They set a "market perform" rating for the company. Finally, JMP Securities started coverage on Colliers International Group in a research report on Monday, July 21st. They set a "market perform" rating for the company. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus 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.