Wellington Management Group LLP Trims Stock Position in Colliers International Group Inc. (NASDAQ:CIGI)

Wellington Management Group LLP cut its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 87.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,707 shares of the financial services provider's stock after selling 133,257 shares during the quarter. Wellington Management Group LLP's holdings in Colliers International Group were worth $2,679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. FIL Ltd raised its holdings 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 worth $210,449,000 after purchasing an additional 832,583 shares during the period. Norges Bank purchased a new position in shares of Colliers International Group in the 4th quarter worth about $74,615,000. Artisan Partners Limited Partnership raised its holdings in shares of Colliers International Group by 67.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider's stock worth $59,320,000 after purchasing an additional 176,232 shares during the period. Durable Capital Partners LP raised its holdings 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 purchasing an additional 102,586 shares during the period. Finally, Nuveen Asset Management LLC raised its holdings 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 worth $17,187,000 after purchasing an additional 93,864 shares during the period. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

Colliers International Group Price Performance

Shares of NASDAQ CIGI opened at $126.01 on Friday. Colliers International Group Inc. has a fifty-two week low of $100.86 and a fifty-two week high of $156.96. The business has a 50 day moving average price of $118.78 and a two-hundred day moving average price of $129.88. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. The firm has a market cap of $6.21 billion, a PE ratio of 39.50 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 for the quarter, missing analysts' consensus estimates of $0.91 by ($0.04). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the business earned $0.77 EPS. Colliers International Group's revenue for the quarter was up 13.9% compared to the same quarter last year. Sell-side analysts expect that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Colliers International Group Announces Dividend

The firm 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. 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 presently 10.53%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CIGI shares. Royal Bank of Canada raised their price objective on Colliers International Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. National Bankshares cut their price objective on Colliers International Group from $182.00 to $169.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. BMO Capital Markets cut their price objective 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. Colliers Securities set a $160.00 target price on Colliers International Group in a research note on Tuesday, March 4th. Finally, CIBC initiated coverage on Colliers International Group in a research note on Tuesday, March 4th. They issued a "sector outperform" rating and a $160.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.

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