Colliers International Group Inc. (NASDAQ:CIGI) Shares Sold by Turtle Creek Asset Management Inc.

Turtle Creek Asset Management Inc. trimmed its holdings in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,284,723 shares of the financial services provider's stock after selling 43,900 shares during the quarter. Colliers International Group accounts for 4.5% of Turtle Creek Asset Management Inc.'s portfolio, making the stock its 7th largest holding. Turtle Creek Asset Management Inc. owned approximately 2.61% of Colliers International Group worth $174,684,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Silvercrest Asset Management Group LLC lifted its position in Colliers International Group by 0.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 34,425 shares of the financial services provider's stock worth $4,681,000 after purchasing an additional 151 shares during the period. Nuveen Asset Management LLC raised its stake in shares of Colliers International Group by 288.0% in the 4th quarter. Nuveen Asset Management LLC now owns 126,451 shares of the financial services provider's stock valued at $17,187,000 after buying an additional 93,864 shares in the last quarter. Millennium Management LLC bought a new position in shares of Colliers International Group during the 4th quarter worth about $3,587,000. LRT Capital Management LLC boosted its position in shares of Colliers International Group by 17.5% during the 4th quarter. LRT Capital Management LLC now owns 20,207 shares of the financial services provider's stock valued at $2,748,000 after acquiring an additional 3,010 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Colliers International Group by 1.3% in the fourth quarter. Janus Henderson Group PLC now owns 466,425 shares of the financial services provider's stock valued at $63,420,000 after acquiring an additional 5,850 shares during the period. Institutional investors and hedge funds own 80.09% of the company's stock.

Colliers International Group Price Performance

Shares of Colliers International Group stock traded down $0.39 during midday trading on Friday, reaching $117.76. The company had a trading volume of 52,330 shares, compared to its average volume of 118,398. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. The stock has a fifty day simple moving average of $119.17 and a 200 day simple moving average of $131.75. Colliers International Group Inc. has a 1-year low of $100.86 and a 1-year high of $156.96. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 36.92 and a beta of 1.38.

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 firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.15 billion. Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. The firm's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 earnings per share. As a group, equities research analysts forecast 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 announced a semi-annual dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, June 30th. This represents a yield of 0.2%. Colliers International Group's payout ratio is presently 10.53%.

Analyst Ratings Changes

A number of research analysts have commented on CIGI shares. The Goldman Sachs Group cut their price target on shares of Colliers International Group from $165.00 to $145.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Cibc World Mkts raised Colliers International Group to a "strong-buy" rating in a research note on Tuesday, March 4th. William Blair reiterated an "outperform" rating on shares of Colliers International Group in a research report on Friday, February 28th. National Bankshares cut their price objective on Colliers International Group from $182.00 to $169.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Finally, Colliers Securities set a $160.00 target price on shares of Colliers International Group in a research note on Tuesday, March 4th. Four equities research 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.