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

Massachusetts Financial Services Co. MA grew its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 106,095 shares of the financial services provider's stock after acquiring an additional 4,153 shares during the period. Massachusetts Financial Services Co. MA owned 0.22% of Colliers International Group worth $12,869,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in Colliers International Group by 1,752.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 298 shares in the last quarter. Central Pacific Bank Trust Division raised its stake in shares of Colliers International Group by 10.0% during the first quarter. Central Pacific Bank Trust Division now owns 1,100 shares of the financial services provider's stock worth $133,000 after acquiring an additional 100 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Colliers International Group by 44.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider's stock worth $164,000 after acquiring an additional 378 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Colliers International Group by 112.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,260 shares of the financial services provider's stock valued at $171,000 after purchasing an additional 667 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Colliers International Group during the 4th quarter valued at $180,000. 80.09% of the stock is owned by institutional investors.

Colliers International Group Trading Down 0.2%

Shares of CIGI stock opened at $138.33 on Friday. The stock has a market capitalization of $6.83 billion, a P/E ratio of 48.54 and a beta of 1.39. 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 firm's 50 day moving average is $128.19 and its 200 day moving average is $126.91. Colliers International Group Inc. has a 12-month low of $100.86 and a 12-month high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its earnings results on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.04). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.15 billion. Colliers International Group had a net margin of 2.92% and a return on equity of 20.20%. The business's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 earnings per share. Research analysts expect that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

Colliers International Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Stifel Nicolaus lowered their price target on shares of Colliers International Group from $165.00 to $160.00 and set a "buy" rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. lowered their price target on Colliers International Group from $167.00 to $142.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Finally, Scotiabank reduced their target price on 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. Four 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 data from MarketBeat, Colliers International Group presently has an average rating of "Moderate Buy" and a consensus price target of $160.80.

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.

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