Mackenzie Financial Corp Sells 123,804 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Mackenzie Financial Corp cut its position in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 17.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 601,693 shares of the financial services provider's stock after selling 123,804 shares during the period. Mackenzie Financial Corp owned about 1.22% of Colliers International Group worth $81,737,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CIGI. Blue Trust Inc. raised its holdings in Colliers International Group by 65.1% in the fourth quarter. Blue Trust Inc. now owns 1,539 shares of the financial services provider's stock worth $209,000 after purchasing an additional 607 shares during the period. Cibc World Market Inc. raised its holdings in Colliers International Group by 3.9% in the fourth quarter. Cibc World Market Inc. now owns 219,317 shares of the financial services provider's stock worth $29,814,000 after purchasing an additional 8,148 shares during the period. Tobam raised its holdings in Colliers International Group by 12.0% in the fourth quarter. Tobam now owns 913 shares of the financial services provider's stock worth $124,000 after purchasing an additional 98 shares during the period. Triasima Portfolio Management inc. raised its holdings in Colliers International Group by 8.7% in the fourth quarter. Triasima Portfolio Management inc. now owns 15,058 shares of the financial services provider's stock worth $2,047,000 after purchasing an additional 1,200 shares during the period. Finally, Empowered Funds LLC raised its holdings in Colliers International Group by 31.0% in the fourth quarter. Empowered Funds LLC now owns 16,265 shares of the financial services provider's stock worth $2,212,000 after purchasing an additional 3,850 shares during the period. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Stock Down 0.3%

Shares of NASDAQ CIGI traded down $0.32 during mid-day trading on Friday, hitting $120.00. The company had a trading volume of 26,427 shares, compared to its average volume of 118,199. The company has a market capitalization of $5.92 billion, a PE ratio of 37.61 and a beta of 1.38. The firm has a 50-day simple moving average of $118.74 and a two-hundred day simple moving average of $130.70. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. Colliers International Group Inc. has a one year low of $100.86 and a one year high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.15 billion. Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. Colliers International Group's revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 EPS. On average, equities analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current year.

Colliers International Group Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be issued a dividend of $0.15 per share. This represents a yield of 0.2%. The ex-dividend date is Monday, June 30th. Colliers International Group's payout ratio is currently 10.53%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. BMO Capital Markets cut their target price on shares of Colliers International Group from $177.00 to $172.00 and set a "market perform" rating on the stock in a report on Friday, February 7th. Cibc World Mkts upgraded shares of Colliers International Group to a "strong-buy" rating in a report on Tuesday, March 4th. Raymond James dropped their price objective on shares of Colliers International Group from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. CIBC initiated coverage on shares of Colliers International Group in a report on Tuesday, March 4th. They set a "sector outperform" rating and a $160.00 price objective on the stock. Finally, Royal Bank of Canada raised their price objective on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $160.80.

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.