Wellington Management Group LLP Reduces Stock Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Wellington Management Group LLP lowered its position in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 87.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,707 shares of the financial services provider's stock after selling 133,257 shares during the period. Wellington Management Group LLP's holdings in Colliers International Group were worth $2,679,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Tower Research Capital LLC TRC increased its stake 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 valued at $43,000 after purchasing an additional 298 shares in the last quarter. Plato Investment Management Ltd grew its holdings in Colliers International Group by 16.0% in the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider's stock valued at $117,000 after purchasing an additional 118 shares during the period. Tobam grew its holdings in Colliers International Group by 12.0% in the fourth quarter. Tobam now owns 913 shares of the financial services provider's stock valued at $124,000 after purchasing an additional 98 shares during the period. Venturi Wealth Management LLC purchased a new stake in shares of Colliers International Group in the fourth quarter valued at approximately $145,000. Finally, CIBC Private Wealth Group LLC raised its stake in shares of Colliers International Group by 44.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider's stock worth $164,000 after buying an additional 378 shares during the period. Institutional investors and hedge funds own 80.09% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. CIBC initiated coverage on shares of Colliers International Group in a research note on Tuesday, March 4th. They issued a "sector outperform" rating and a $160.00 price target on the stock. The Goldman Sachs Group decreased their price objective on shares of Colliers International Group from $165.00 to $145.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. William Blair reissued an "outperform" rating on shares of Colliers International Group in a research note on Friday, February 28th. Wall Street Zen downgraded shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th. Finally, Colliers Securities set a $160.00 price target on shares of Colliers International Group in a research note on Tuesday, March 4th. Four 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. Based on data from MarketBeat.com, Colliers International Group has an average rating of "Moderate Buy" and a consensus price target of $160.80.

Colliers International Group Price Performance

CIGI traded up $0.55 on Monday, reaching $126.65. 61,287 shares of the company's stock were exchanged, compared to its average volume of 119,551. Colliers International Group Inc. has a twelve month low of $100.86 and a twelve month high of $156.96. The stock has a market cap of $6.24 billion, a PE ratio of 39.70 and a beta of 1.39. 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 stock's fifty day moving average price is $118.84 and its 200-day moving average price is $129.58.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its earnings results on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share 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 analysts' expectations of $1.15 billion. Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. The company's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the business earned $0.77 earnings per share. Sell-side analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current year.

Colliers International Group Announces Dividend

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