Dimensional Fund Advisors LP Boosts Stock Position in Colliers International Group Inc. $CIGI

Dimensional Fund Advisors LP grew its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 15.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 416,549 shares of the financial services provider's stock after purchasing an additional 54,695 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.82% of Colliers International Group worth $44,516,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in Colliers International Group by 26.3% in the second quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider's stock valued at $40,000 after buying an additional 63 shares during the last quarter. Arax Advisory Partners lifted its stake in shares of Colliers International Group by 137.0% in the 4th quarter. Arax Advisory Partners now owns 218 shares of the financial services provider's stock worth $32,000 after acquiring an additional 126 shares during the period. Versor Investments LP boosted its stake in Colliers International Group by 6.2% during the 4th quarter. Versor Investments LP now owns 2,415 shares of the financial services provider's stock valued at $355,000 after purchasing an additional 142 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in Colliers International Group by 8.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,975 shares of the financial services provider's stock worth $290,000 after acquiring an additional 151 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in Colliers International Group by 7.2% during the fourth quarter. LPL Financial LLC now owns 2,331 shares of the financial services provider's stock valued at $343,000 after purchasing an additional 156 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors.

Key Stories Impacting Colliers International Group

Here are the key news stories impacting Colliers International Group this week:

• Positive Sentiment: Colliers reported second-quarter adjusted earnings of $1.83 per share, ahead of the $1.79 consensus estimate and up from $1.72 a year earlier. Revenue increased 16.7% year over year to $1.38 billion. Colliers International Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: National Bank Financial raised its price target from $109 to $110 and reiterated an “outperform” rating, implying approximately 11.6% upside from the referenced share price. BayStreet.CA analyst ratings
• Neutral Sentiment: Scotiabank lowered its price target from $150 to $145 but maintained a “sector outperform” rating. The reduced target is a modest negative signal, although the rating still indicates expected relative strength and substantial potential upside. Benzinga analyst ratings
• Negative Sentiment: Quarterly revenue of $1.38 billion was below the $1.48 billion analyst estimate, a 6.8% shortfall despite strong year-over-year growth. The revenue miss may be weighing on the stock more than the modest EPS beat is supporting it. Colliers International Group earnings report

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Weiss Ratings lowered Colliers International Group from a "hold (c-)" rating to a "sell (d)" rating in a research note on Monday, May 11th. Royal Bank Of Canada reduced their price objective on Colliers International Group from $160.00 to $155.00 and set an "outperform" rating for the company in a research report on Wednesday, May 6th. BMO Capital Markets lowered their target price on Colliers International Group from $180.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 6th. National Bank Financial upped their target price on Colliers International Group from $109.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Raymond James Financial cut their price target on shares of Colliers International Group from $185.00 to $180.00 in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $157.56.

Colliers International Group Stock Performance

Shares of NASDAQ CIGI opened at $98.55 on Monday. Colliers International Group Inc. has a one year low of $88.38 and a one year high of $171.51. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 46.93 and a beta of 1.24. The company has a current ratio of 1.19, a quick ratio of 1.23 and a debt-to-equity ratio of 1.61. The business has a fifty day simple moving average of $96.62 and a 200 day simple moving average of $108.90.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its earnings results on Thursday, July 30th. The financial services provider reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.04. Colliers International Group had a net margin of 1.81% and a return on equity of 20.17%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the business earned $1.72 EPS. The firm's revenue was up 16.7% on a year-over-year basis. Sell-side analysts expect that Colliers International Group Inc. will post 6.82 EPS for the current year.

Colliers International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.6%. Colliers International Group's dividend payout ratio (DPR) is 14.29%.

About Colliers International Group

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company's real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.

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