Montrusco Bolton Investments Inc. Sells 8,734 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Montrusco Bolton Investments Inc. trimmed its position in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 8.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,284 shares of the financial services provider's stock after selling 8,734 shares during the quarter. Montrusco Bolton Investments Inc. owned about 0.20% of Colliers International Group worth $11,892,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in Colliers International Group by 1,752.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 298 shares during the last quarter. Central Pacific Bank Trust Division raised its stake in Colliers International Group by 10.0% during the 1st quarter. Central Pacific Bank Trust Division now owns 1,100 shares of the financial services provider's stock valued at $133,000 after purchasing an additional 100 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in Colliers International Group by 44.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider's stock valued at $164,000 after purchasing an additional 378 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Colliers International Group by 112.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,260 shares of the financial services provider's stock valued at $171,000 after purchasing an additional 667 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Colliers International Group in the 4th quarter valued at $180,000. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Price Performance

CIGI stock traded down $0.25 during midday trading on Friday, reaching $138.33. The company had a trading volume of 73,323 shares, compared to its average volume of 120,356. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 48.54 and a beta of 1.39. The stock has a 50 day moving average price of $128.19 and a 200-day moving average price of $126.86. Colliers International Group Inc. has a 1-year low of $100.86 and a 1-year high of $156.96. 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 (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its earnings results 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). The business had revenue of $1.09 billion for 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 firm's revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 EPS. Equities 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 firm also recently declared a semi-annual dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were issued a dividend of $0.15 per share. This represents a dividend yield of 0.2%. The ex-dividend date was Monday, June 30th. Colliers International Group's payout ratio is 10.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. decreased 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 report on Thursday, April 10th. Stifel Nicolaus dropped their target price on shares of Colliers International Group from $165.00 to $160.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Finally, Scotiabank decreased their price target on shares of 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. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.