Massachusetts Financial Services Co. MA Buys 4,153 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Massachusetts Financial Services Co. MA raised its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 4.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 106,095 shares of the financial services provider's stock after purchasing an additional 4,153 shares during the period. Massachusetts Financial Services Co. MA owned 0.22% of Colliers International Group worth $12,869,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CIGI. Citizens Jmp began coverage on shares of Colliers International Group in a report on Monday. They set a "market perform" rating on the stock. 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. JMP Securities assumed coverage on shares of Colliers International Group in a research note on Monday. They set a "market perform" rating on the stock. Scotiabank lowered their target price on shares of Colliers International Group from $165.00 to $155.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Colliers International Group from $167.00 to $142.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $160.80.

Colliers International Group Price Performance

Colliers International Group stock traded down $0.22 during trading hours on Wednesday, reaching $139.89. 149,778 shares of the stock were exchanged, compared to its average volume of 120,885. 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 twelve month low of $100.86 and a twelve month high of $156.96. The company has a market cap of $6.92 billion, a P/E ratio of 49.08 and a beta of 1.39. The stock has a 50 day moving average of $128.88 and a two-hundred day moving average of $127.06.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its 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 business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business earned $0.77 earnings per share. The firm's quarterly revenue was up 13.9% on a year-over-year basis. Equities analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Colliers International Group Dividend Announcement

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

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.