UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,903 shares of the financial services provider's stock after selling 2,166 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.09% of Colliers International Group worth $6,105,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Durable Capital Partners LP raised its position in shares of Colliers International Group by 4.0% in the 4th quarter. Durable Capital Partners LP now owns 2,644,327 shares of the financial services provider's stock worth $359,549,000 after acquiring an additional 102,586 shares in the last quarter. Vanguard Group Inc. lifted its stake in Colliers International Group by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider's stock valued at $253,867,000 after buying an additional 21,422 shares during the period. FIL Ltd grew its stake in shares of Colliers International Group by 116.5% in the 4th quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider's stock valued at $210,449,000 after buying an additional 832,583 shares during the period. Alberta Investment Management Corp increased its position in Colliers International Group by 3.4% in the 4th quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider's stock valued at $85,143,000 after buying an additional 20,794 shares in the last quarter. Finally, Norges Bank acquired a new position in Colliers International Group during the 4th quarter worth approximately $74,615,000. 80.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. National Bankshares reduced their price objective on 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 cut their target price on Colliers International Group from $177.00 to $172.00 and set a "market perform" rating on the stock in a report on Friday, February 7th. The Goldman Sachs Group decreased 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. Stifel Nicolaus dropped their price objective on shares of 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. Finally, Raymond James reduced their price objective on shares of Colliers International Group from $175.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $160.80.

Colliers International Group Stock Up 2.6%

Shares of CIGI stock traded up $3.19 on Wednesday, hitting $125.10. The stock had a trading volume of 140,262 shares, compared to its average volume of 119,518. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50 day moving average of $118.59 and a 200 day moving average of $130.05. Colliers International Group Inc. has a 12-month low of $100.86 and a 12-month high of $156.96. The stock has a market cap of $6.17 billion, a price-to-earnings 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.04). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the company posted $0.77 earnings per share. The company's revenue for the quarter was up 13.9% on a year-over-year basis. As a group, analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current year.

Colliers International Group Announces Dividend

The firm 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 dividend of $0.15 per share. 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 (DPR) is currently 10.53%.

Colliers International Group Company 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.