Free Trial

Millennium Management LLC Buys Shares of 26,393 Colliers International Group Inc. (NASDAQ:CIGI)

Colliers International Group logo with Finance background

Millennium Management LLC bought a new stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 26,393 shares of the financial services provider's stock, valued at approximately $3,587,000. Millennium Management LLC owned approximately 0.05% of Colliers International Group as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of CIGI. Tower Research Capital LLC TRC raised its stake in Colliers International Group by 1,752.9% in the 4th 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 during the last quarter. Plato Investment Management Ltd boosted its holdings in shares of Colliers International Group by 16.0% during the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider's stock worth $117,000 after purchasing an additional 118 shares during the last quarter. Tobam increased its stake in Colliers International Group by 12.0% in the fourth quarter. Tobam now owns 913 shares of the financial services provider's stock valued at $124,000 after purchasing an additional 98 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in Colliers International Group during the fourth quarter worth about $145,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Colliers International Group by 44.9% during 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 period. Institutional investors and hedge funds own 80.09% of the company's stock.

Colliers International Group Stock Up 2.6%

Shares of NASDAQ CIGI traded up $3.19 during midday trading on Wednesday, reaching $125.10. 140,262 shares of the company's stock were exchanged, compared to its average volume of 119,564. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06. Colliers International Group Inc. has a 52-week low of $100.86 and a 52-week high of $156.96. The business's fifty day moving average price is $118.68 and its two-hundred day moving average price is $130.01. The stock has a market capitalization of $6.17 billion, a PE ratio of 39.22 and a beta of 1.38.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.91 by ($0.04). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the business earned $0.77 EPS. Colliers International Group's revenue for the quarter was up 13.9% compared to the same quarter last year. Analysts forecast that Colliers International Group Inc. will post 6.2 EPS for the current year.

Colliers International Group Announces Dividend

The business 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 $0.15 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a yield of 0.2%. Colliers International Group's dividend payout ratio is presently 10.53%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CIGI. National Bankshares lowered their price objective on shares of Colliers International Group from $182.00 to $169.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. BMO Capital Markets decreased their price objective on shares of Colliers International Group from $177.00 to $172.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. Royal Bank of Canada raised their target price on shares of Colliers International Group from $170.00 to $175.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. William Blair reaffirmed an "outperform" rating on shares of Colliers International Group in a research report on Friday, February 28th. Finally, The Goldman Sachs Group lowered their price target on Colliers International Group from $165.00 to $145.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $160.80.

Read Our Latest Research Report on CIGI

About Colliers International Group

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Colliers International Group (NASDAQ:CIGI)

Should You Invest $1,000 in Colliers International Group Right Now?

Before you consider Colliers International Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Colliers International Group wasn't on the list.

While Colliers International Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 Stocks Set to Soar in Summer 2025 Cover

Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

The Next Palantir? AI-Defense Stock Set for Explosive Growth
2 Chip Stocks Are Soaring—But One Could Break Out This Summer
Congress Bought This Stock at the Bottom—Will You Miss It?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines