Royce & Associates LP Has $45.37 Million Stock Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Royce & Associates LP reduced its position in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 10.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 374,020 shares of the financial services provider's stock after selling 43,887 shares during the period. Royce & Associates LP owned about 0.76% of Colliers International Group worth $45,369,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division increased its stake in 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 valued at $133,000 after purchasing an additional 100 shares during the last quarter. Pictet Asset Management Holding SA grew its position in Colliers International Group by 1.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 8,094 shares of the financial services provider's stock valued at $1,100,000 after buying an additional 144 shares in the last quarter. Silvercrest Asset Management Group LLC grew its position in Colliers International Group by 0.4% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 34,425 shares of the financial services provider's stock valued at $4,681,000 after buying an additional 151 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Colliers International Group by 13.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,435 shares of the financial services provider's stock valued at $174,000 after buying an additional 175 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in Colliers International Group by 2.5% in the 4th quarter. Alliancebernstein L.P. now owns 7,474 shares of the financial services provider's stock valued at $1,016,000 after buying an additional 180 shares in the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

Colliers International Group Stock Down 1.9%

Shares of NASDAQ CIGI traded down $2.77 during mid-day trading on Monday, reaching $139.60. The company had a trading volume of 121,645 shares, compared to its average volume of 128,946. The stock has a fifty day moving average of $129.46 and a two-hundred day moving average of $127.03. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 48.98 and a beta of 1.39. 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 released 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). Colliers International Group had a return on equity of 20.20% and a net margin of 2.92%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the company posted $0.77 EPS. The company's quarterly revenue was up 13.9% on a year-over-year basis. As a group, equities research analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current year.

Colliers International Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

CIGI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on shares of Colliers International Group from $167.00 to $142.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Scotiabank cut their price target on shares of Colliers International Group from $165.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Citizens Jmp initiated coverage on shares of Colliers International Group in a report on Monday, July 21st. They issued a "market perform" rating for the company. JMP Securities initiated coverage on shares of Colliers International Group in a report on Monday, July 21st. They issued a "market perform" rating for the company. Finally, Stifel Nicolaus cut 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. Six 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $160.80.

Colliers International Group 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.