Bank of America Corp DE Purchases 47,195 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Bank of America Corp DE raised its holdings in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 102.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,239 shares of the financial services provider's stock after purchasing an additional 47,195 shares during the period. Bank of America Corp DE owned 0.19% of Colliers International Group worth $12,678,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CIGI. Blue Trust Inc. lifted its holdings in Colliers International Group by 65.1% during the 4th quarter. Blue Trust Inc. now owns 1,539 shares of the financial services provider's stock worth $209,000 after purchasing an additional 607 shares in the last quarter. Cibc World Market Inc. boosted its position in shares of Colliers International Group by 3.9% in the fourth quarter. Cibc World Market Inc. now owns 219,317 shares of the financial services provider's stock valued at $29,814,000 after acquiring an additional 8,148 shares during the period. Tobam grew its stake in Colliers International Group by 12.0% during the fourth quarter. Tobam now owns 913 shares of the financial services provider's stock valued at $124,000 after acquiring an additional 98 shares in the last quarter. Triasima Portfolio Management inc. increased its holdings in Colliers International Group by 8.7% during the 4th quarter. Triasima Portfolio Management inc. now owns 15,058 shares of the financial services provider's stock worth $2,047,000 after acquiring an additional 1,200 shares during the period. Finally, Empowered Funds LLC lifted its stake in Colliers International Group by 31.0% in the 4th quarter. Empowered Funds LLC now owns 16,265 shares of the financial services provider's stock worth $2,212,000 after purchasing an additional 3,850 shares in the last quarter. Institutional investors own 80.09% of the company's stock.

Colliers International Group Trading Down 1.2%

Shares of CIGI stock traded down $1.48 on Wednesday, hitting $120.25. 8,483 shares of the company's stock traded hands, compared to its average volume of 118,594. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 37.70 and a beta of 1.38. The company's fifty day simple moving average is $118.92 and its 200 day simple moving average is $130.99. Colliers International Group Inc. 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 1.13, a quick ratio of 1.06 and a current ratio of 1.06.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.04). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. 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 business posted $0.77 earnings per share. The firm's quarterly revenue was up 13.9% compared to the same quarter last year. Equities analysts forecast that Colliers International Group Inc. will post 6.2 EPS for the current year.

Colliers International Group Announces Dividend

The business also recently declared 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 of this dividend is Monday, June 30th. This represents a yield of 0.2%. Colliers International Group's dividend payout ratio (DPR) is currently 10.53%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. BMO Capital Markets decreased their price target on shares of Colliers International Group from $177.00 to $172.00 and set a "market perform" rating on the stock in a report on Friday, February 7th. National Bankshares dropped their price target on Colliers International Group from $182.00 to $169.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. The Goldman Sachs Group decreased their price objective on shares of Colliers International Group from $165.00 to $145.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Wall Street Zen downgraded shares of Colliers International Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. Finally, CIBC initiated coverage on shares of Colliers International Group in a research note on Tuesday, March 4th. They issued a "sector outperform" rating and a $160.00 price target for the company. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $160.80.

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.