Montrusco Bolton Investments Inc. Has $11.89 Million Stock Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Montrusco Bolton Investments Inc. lowered its holdings in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 8.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,284 shares of the financial services provider's stock after selling 8,734 shares during the period. 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 hedge funds have also added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in Colliers International Group in the fourth quarter valued at $1,259,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Colliers International Group by 17.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,998 shares of the financial services provider's stock valued at $1,495,000 after acquiring an additional 1,652 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Colliers International Group by 49.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 25,485 shares of the financial services provider's stock valued at $3,465,000 after acquiring an additional 8,484 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Colliers International Group by 58.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,731 shares of the financial services provider's stock valued at $915,000 after acquiring an additional 2,490 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. lifted its stake in Colliers International Group by 5.1% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 14,763 shares of the financial services provider's stock valued at $2,004,000 after acquiring an additional 718 shares during the last quarter. Institutional investors own 80.09% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CIGI. Scotiabank cut 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. Stifel Nicolaus cut their target price on shares of Colliers International Group from $165.00 to $160.00 and set a "buy" rating for the company in a research note on Monday, April 28th. The Goldman Sachs Group cut their target price on shares of Colliers International Group from $165.00 to $145.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Wall Street Zen cut shares of Colliers International Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. Finally, JPMorgan Chase & Co. cut their target price on shares of Colliers International Group from $167.00 to $142.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $160.80.

Colliers International Group Price Performance

CIGI stock traded up $2.37 during mid-day trading on Thursday, hitting $138.58. The stock had a trading volume of 130,307 shares, compared to its average volume of 120,690. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24. Colliers International Group Inc. has a 52 week low of $100.86 and a 52 week high of $156.96. The firm has a market capitalization of $6.84 billion, a P/E ratio of 48.62 and a beta of 1.39. The firm has a fifty day simple moving average of $127.89 and a 200 day simple moving average of $126.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released 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). Colliers International Group had a net margin of 2.92% and a return on equity of 20.20%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business earned $0.77 earnings per share. Colliers International Group's quarterly revenue was up 13.9% compared to the same quarter last year. As a group, research analysts forecast that Colliers International Group Inc. will post 6.2 EPS for the current year.

Colliers International Group Dividend Announcement

The business also recently declared a semi-annual dividend, which was paid on Monday, July 14th. Investors 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 dividend payout ratio (DPR) is presently 10.53%.

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.