Nuveen Asset Management LLC Buys 93,864 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Nuveen Asset Management LLC boosted its holdings in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 288.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 126,451 shares of the financial services provider's stock after buying an additional 93,864 shares during the period. Nuveen Asset Management LLC owned approximately 0.26% of Colliers International Group worth $17,187,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CIGI. Tower Research Capital LLC TRC boosted its position in shares of 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 worth $43,000 after purchasing an additional 298 shares during the last quarter. Plato Investment Management Ltd boosted its position in shares of Colliers International Group by 16.0% in the 4th 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 boosted its position in shares of Colliers International Group by 12.0% in the 4th quarter. Tobam now owns 913 shares of the financial services provider's stock worth $124,000 after purchasing an additional 98 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of Colliers International Group in the 4th quarter worth $145,000. Finally, CIBC Private Wealth Group LLC boosted its position 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 purchasing an additional 378 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on CIGI. National Bankshares reduced their price target on Colliers International Group from $182.00 to $169.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Scotiabank reduced their price target on Colliers International Group from $165.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Wall Street Zen lowered Colliers International Group from a "buy" rating to a "hold" rating in a report on Thursday, March 20th. BMO Capital Markets dropped their price target on Colliers International Group from $177.00 to $172.00 and set a "market perform" rating on the stock in a research report on Friday, February 7th. Finally, Colliers Securities set a $160.00 price objective on Colliers International Group in a research report on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $160.80.

Colliers International Group Stock Down 0.9%

NASDAQ:CIGI traded down $1.15 during trading hours on Wednesday, reaching $120.59. 53,281 shares of the stock were exchanged, compared to its average volume of 130,641. The stock has a market cap of $5.94 billion, a PE ratio of 37.79 and a beta of 1.38. Colliers International Group Inc. has a twelve month low of $100.86 and a twelve month high of $156.96. The firm has a 50 day moving average of $118.92 and a 200 day moving average of $130.99. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06.

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 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.04). The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.15 billion. Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS. On average, equities analysts expect that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

Colliers International Group Announces Dividend

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

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.