First Trust Advisors LP Invests $522,000 in Colliers International Group Inc. (NASDAQ:CIGI)

First Trust Advisors LP purchased a new position in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,835 shares of the financial services provider's stock, valued at approximately $522,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CIGI. Plato Investment Management Ltd grew its holdings in Colliers International Group by 16.0% during the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider's stock worth $117,000 after acquiring an additional 118 shares during the period. Tobam raised its holdings in shares of Colliers International Group by 12.0% in the fourth quarter. Tobam now owns 913 shares of the financial services provider's stock worth $124,000 after acquiring an additional 98 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in Colliers International Group in the 4th quarter valued at about $145,000. CIBC Private Wealth Group LLC boosted its position in Colliers International Group by 44.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider's stock worth $164,000 after acquiring an additional 378 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of Colliers International Group by 112.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,260 shares of the financial services provider's stock valued at $171,000 after purchasing an additional 667 shares during the period. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CIGI. CIBC assumed coverage on Colliers International Group in a research report on Tuesday, March 4th. They set a "sector outperform" rating and a $160.00 price target for the company. Royal Bank of Canada increased their price target on Colliers International Group from $170.00 to $175.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Colliers Securities set a $160.00 price objective on shares of Colliers International Group in a report on Tuesday, March 4th. BMO Capital Markets decreased their target price on Colliers International Group from $177.00 to $172.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. cut their target price on shares of Colliers International Group from $167.00 to $142.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $160.80.

Colliers International Group Stock Performance

Shares of NASDAQ CIGI traded up $0.72 during midday trading on Thursday, reaching $127.65. 34,115 shares of the company traded hands, compared to its average volume of 115,126. The stock has a 50-day moving average price of $119.00 and a 200 day moving average price of $132.98. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 39.95 and a beta of 1.38. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. Colliers International Group Inc. has a 52 week low of $100.86 and a 52 week high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm 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 posted $0.77 earnings per share. The firm's revenue for the quarter was up 13.9% compared to the same quarter last year. Sell-side analysts anticipate that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Colliers International Group Announces Dividend

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