Colliers International Group Inc. (NASDAQ:CIGI) Shares Sold by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. lowered its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 55.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 6,660 shares of the financial services provider's stock after selling 8,398 shares during the quarter. Triasima Portfolio Management inc.'s holdings in Colliers International Group were worth $806,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in CIGI. FIL Ltd grew its stake in Colliers International Group by 116.5% in the 4th quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider's stock valued at $210,449,000 after acquiring an additional 832,583 shares during the period. Norges Bank acquired a new stake in Colliers International Group in the 4th quarter valued at $74,615,000. Artisan Partners Limited Partnership grew its stake in Colliers International Group by 67.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider's stock valued at $59,320,000 after acquiring an additional 176,232 shares during the period. Durable Capital Partners LP grew its stake in Colliers International Group by 4.0% in the 4th quarter. Durable Capital Partners LP now owns 2,644,327 shares of the financial services provider's stock valued at $359,549,000 after acquiring an additional 102,586 shares during the period. Finally, Nuveen Asset Management LLC grew its stake in Colliers International Group by 288.0% in the 4th quarter. Nuveen Asset Management LLC now owns 126,451 shares of the financial services provider's stock valued at $17,187,000 after acquiring an additional 93,864 shares during the period. Institutional investors and hedge funds own 80.09% of the company's stock.

Colliers International Group Price Performance

CIGI stock traded down $0.25 during midday trading on Friday, reaching $138.33. The stock had a trading volume of 73,323 shares, compared to its average volume of 120,356. Colliers International Group Inc. has a 52-week low of $100.86 and a 52-week high of $156.96. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24. The company's fifty day simple moving average is $128.19 and its 200 day simple moving average is $126.97. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 27.18 and a beta of 1.39.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly 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 return on equity of 20.20% and a net margin of 2.92%. The company had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. The firm's revenue was up 13.9% on a year-over-year basis. As a group, sell-side analysts predict that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Colliers International Group Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CIGI shares. Stifel Nicolaus dropped their price target on shares of Colliers International Group from $165.00 to $160.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Scotiabank decreased their price objective on Colliers International Group from $165.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. decreased their price objective on Colliers International Group from $167.00 to $142.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Four 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 stock. According to MarketBeat.com, the stock presently has an average 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.