Mackenzie Financial Corp Reduces Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Mackenzie Financial Corp decreased its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 34.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 393,511 shares of the financial services provider's stock after selling 208,182 shares during the period. Mackenzie Financial Corp owned 0.80% of Colliers International Group worth $47,620,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Colliers International Group in the 4th quarter worth about $1,259,000. Sei Investments Co. grew its holdings in Colliers International Group by 37.7% during the 4th quarter. Sei Investments Co. now owns 13,179 shares of the financial services provider's stock valued at $1,792,000 after buying an additional 3,606 shares in the last quarter. LPL Financial LLC boosted its holdings in Colliers International Group by 53.3% in the 4th quarter. LPL Financial LLC now owns 2,723 shares of the financial services provider's stock valued at $370,000 after purchasing an additional 947 shares during the period. Vanguard Group Inc. boosted its position in shares of Colliers International Group by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider's stock valued at $253,867,000 after acquiring an additional 21,422 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Colliers International Group in the 4th quarter worth $74,615,000. Institutional investors and hedge funds own 80.09% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Stifel Nicolaus boosted their target price on Colliers International Group from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday. Scotiabank lifted their price objective on Colliers International Group from $155.00 to $170.00 and gave the stock a "sector outperform" rating in a research report on Friday. Raymond James Financial raised their price objective on shares of Colliers International Group from $170.00 to $180.00 and gave the stock an "outperform" rating in a report on Friday. Citizens Jmp started coverage on shares of Colliers International Group in a report on Monday, July 21st. They set a "market perform" rating on the stock. Finally, National Bankshares increased their target price on Colliers International Group from $169.00 to $175.00 and gave the stock an "outperform" rating in a research note on Friday. Six analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Colliers International Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $168.40.

Colliers International Group Price Performance

CIGI stock traded up $0.12 during trading on Friday, reaching $150.83. The company's stock had a trading volume of 173,444 shares, compared to its average volume of 140,265. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.24. The company's fifty day moving average is $132.10 and its 200-day moving average is $127.70. The company has a market capitalization of $7.46 billion, a P/E ratio of 68.56 and a beta of 1.39. Colliers International Group Inc. has a 1 year low of $100.86 and a 1 year high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.20. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.29 billion. Colliers International Group had a return on equity of 21.13% and a net margin of 2.17%. The business's quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 earnings per share. On average, research analysts expect that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Colliers International Group Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a dividend yield of 20.0%. Colliers International Group's dividend payout ratio (DPR) is presently 13.64%.

About Colliers International Group

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.