MQS Management LLC Makes New $527,000 Investment in Colliers International Group Inc. (NASDAQ:CIGI)

MQS Management LLC acquired a new stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,343 shares of the financial services provider's stock, valued at approximately $527,000.

A number of other large investors have also made changes to their positions in CIGI. Raymond James Financial Inc. acquired a new stake in Colliers International Group in the 4th quarter worth about $1,259,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Colliers International Group by 17.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,998 shares of the financial services provider's stock worth $1,495,000 after buying an additional 1,652 shares during the last quarter. Polen Capital Management LLC acquired a new stake in Colliers International Group in the 4th quarter worth about $1,118,000. Thrivent Financial for Lutherans boosted its stake in Colliers International Group by 49.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 25,485 shares of the financial services provider's stock worth $3,465,000 after buying an additional 8,484 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Colliers International Group by 58.7% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,731 shares of the financial services provider's stock worth $915,000 after buying an additional 2,490 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company's stock.

Colliers International Group Stock Up 1.7%

Colliers International Group stock traded up $2.37 during midday trading on Thursday, hitting $138.58. 130,307 shares of the company were exchanged, compared to its average volume of 120,690. The company's fifty day moving average price is $127.89 and its 200-day moving average price is $126.96. The company has a market cap of $6.84 billion, a PE ratio of 48.62 and a beta of 1.39. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.17 and a quick ratio of 1.17. Colliers International Group Inc. has a fifty-two week low of $100.86 and a fifty-two week high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly 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). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.15 billion. Colliers International Group had a return on equity of 20.20% and a net margin of 2.92%. The business's revenue was up 13.9% on a year-over-year basis. During the same period last year, the firm posted $0.77 earnings per share. On average, research analysts predict that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Colliers International Group Dividend Announcement

The firm also recently disclosed 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%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. The Goldman Sachs Group decreased their price target on Colliers International Group from $165.00 to $145.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Stifel Nicolaus reduced their price objective on 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. Wall Street Zen lowered Colliers International Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. reduced their price objective on 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. Finally, Scotiabank reduced their price objective 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 analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently 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.