LRT Capital Management LLC Purchases 3,010 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

LRT Capital Management LLC raised its position in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 17.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,207 shares of the financial services provider's stock after purchasing an additional 3,010 shares during the quarter. Colliers International Group makes up approximately 2.1% of LRT Capital Management LLC's holdings, making the stock its 9th biggest position. LRT Capital Management LLC's holdings in Colliers International Group were worth $2,748,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC purchased a new position in Colliers International Group in the third quarter valued at about $1,629,000. Sei Investments Co. lifted its position in shares of Colliers International Group by 37.7% in the fourth quarter. Sei Investments Co. now owns 13,179 shares of the financial services provider's stock worth $1,792,000 after buying an additional 3,606 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of 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 worth $253,867,000 after buying an additional 21,422 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Colliers International Group in the fourth quarter worth about $1,259,000. Finally, Norges Bank acquired a new position in shares of Colliers International Group during the 4th quarter worth about $74,615,000. Hedge funds and other institutional investors own 80.09% of the company's stock.

Colliers International Group Price Performance

NASDAQ CIGI traded down $0.75 during trading hours on Friday, reaching $127.25. 171,454 shares of the company's stock were exchanged, compared to its average volume of 115,712. The firm has a fifty day moving average of $119.20 and a 200-day moving average of $132.62. Colliers International Group Inc. has a one year low of $100.86 and a one year high of $156.96. The stock has a market cap of $6.27 billion, a PE ratio of 39.89 and a beta of 1.38. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted 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 business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.15 billion. Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. Colliers International Group's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 EPS. On average, equities research analysts predict that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Colliers International Group Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.15 per share. This represents a dividend yield of 0.2%. The ex-dividend date is Monday, June 30th. Colliers International Group's dividend payout ratio (DPR) is presently 10.53%.

Analyst Ratings Changes

Several research firms recently weighed in on CIGI. Royal Bank of Canada boosted their price objective on Colliers International Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. CIBC began coverage on Colliers International Group in a research report on Tuesday, March 4th. They set a "sector outperform" rating and a $160.00 price objective for the company. 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 research report on Friday, February 7th. Scotiabank cut their price target on Colliers International Group from $165.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, Stifel Nicolaus cut their price target on Colliers International Group from $165.00 to $160.00 and set a "buy" rating for the company in a report on Monday, April 28th. 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.