Royal Bank of Canada Sells 267,307 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Royal Bank of Canada reduced its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,763,056 shares of the financial services provider's stock after selling 267,307 shares during the quarter. Royal Bank of Canada owned about 7.64% of Colliers International Group worth $511,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Nuveen Asset Management LLC grew its stake in 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 buying an additional 93,864 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Colliers International Group during the 4th quarter worth $3,587,000. LRT Capital Management LLC grew its position in Colliers International Group by 17.5% in the fourth quarter. LRT Capital Management LLC now owns 20,207 shares of the financial services provider's stock worth $2,748,000 after acquiring an additional 3,010 shares in the last quarter. Janus Henderson Group PLC increased its stake in Colliers International Group by 1.3% in the fourth quarter. Janus Henderson Group PLC now owns 466,425 shares of the financial services provider's stock valued at $63,420,000 after acquiring an additional 5,850 shares during the last quarter. Finally, Gotham Asset Management LLC raised its position in Colliers International Group by 26.8% during the fourth quarter. Gotham Asset Management LLC now owns 2,761 shares of the financial services provider's stock valued at $375,000 after purchasing an additional 583 shares in the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Trading Down 0.5%

Shares of Colliers International Group stock traded down $0.64 during trading on Thursday, reaching $118.68. 32,011 shares of the stock were exchanged, compared to its average volume of 118,087. 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 $5.85 billion, a price-to-earnings ratio of 37.22 and a beta of 1.38. Colliers International Group Inc. has a 1 year low of $100.86 and a 1 year high of $156.96. The stock's fifty day moving average is $119.31 and its 200 day moving average is $132.00.

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 return on equity of 20.38% and a net margin of 3.35%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the business posted $0.77 earnings per share. Colliers International Group's quarterly revenue was up 13.9% compared to the same quarter last year. As a group, equities research 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 business 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 $0.15 dividend. 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%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Cibc World Mkts upgraded Colliers International Group to a "strong-buy" rating in a report on Tuesday, March 4th. Raymond James dropped their target price on Colliers International Group from $175.00 to $170.00 and set an "outperform" rating for the company in a research report 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 for the company in a research note on Friday, February 7th. JPMorgan Chase & Co. decreased their price target on shares of Colliers International Group from $167.00 to $142.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Finally, National Bankshares lowered their price objective on shares of Colliers International Group from $182.00 to $169.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus 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.