Triasima Portfolio Management inc. Trims Stock Position in Colliers International Group Inc. (NASDAQ:CIGI)

Triasima Portfolio Management inc. lessened its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 55.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,660 shares of the financial services provider's stock after selling 8,398 shares during the period. Triasima Portfolio Management inc.'s holdings in Colliers International Group were worth $806,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CIGI. Raymond James Financial Inc. purchased a new position in shares of Colliers International Group during the fourth quarter valued at approximately $1,259,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of 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 purchasing an additional 1,652 shares during the period. Thrivent Financial for Lutherans increased its position in Colliers International Group by 49.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 25,485 shares of the financial services provider's stock valued at $3,465,000 after purchasing an additional 8,484 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Colliers International Group by 58.7% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,731 shares of the financial services provider's stock worth $915,000 after buying an additional 2,490 shares during the period. Finally, Northwest & Ethical Investments L.P. lifted its holdings in Colliers International Group by 5.1% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 14,763 shares of the financial services provider's stock worth $2,004,000 after buying an additional 718 shares during the period. Hedge funds and other institutional investors own 80.09% of the company's stock.

Colliers International Group Stock Performance

Shares of CIGI stock traded up $2.37 during trading hours on Thursday, hitting $138.58. The company's stock had a trading volume of 124,534 shares, compared to its average volume of 120,927. The company has a 50 day moving average of $127.58 and a 200 day moving average of $126.93. The stock has a market cap of $6.84 billion, a PE ratio of 48.62 and a beta of 1.39. 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 12-month low of $100.86 and a 12-month high of $156.96.

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

Colliers International Group Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were given a dividend of $0.15 per share. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, June 30th. Colliers International Group's dividend payout ratio (DPR) is presently 10.53%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CIGI shares. Wall Street Zen lowered Colliers International Group from a "buy" rating to a "hold" rating in a report on Thursday, March 20th. JPMorgan Chase & Co. lowered their target price on Colliers International Group from $167.00 to $142.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. The Goldman Sachs Group lowered their target price on Colliers International Group from $165.00 to $145.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Scotiabank lowered their target price on Colliers International Group from $165.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, Stifel Nicolaus decreased their price objective on Colliers International Group from $165.00 to $160.00 and set a "buy" rating for the company in a report on Monday, April 28th. Four 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $160.80.

Colliers International Group Company 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.