Entropy Technologies LP Buys New Position in Colliers International Group Inc. (NASDAQ:CIGI)

Entropy Technologies LP bought a new stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,600 shares of the financial services provider’s stock, valued at approximately $354,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Tobam raised its stake in Colliers International Group by 12.0% during the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after buying an additional 98 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of Colliers International Group by 26.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock valued at $90,000 after acquiring an additional 124 shares during the last quarter. King Luther Capital Management Corp increased its position in shares of Colliers International Group by 1.2% during the third quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider’s stock valued at $2,222,000 after acquiring an additional 178 shares during the last quarter. HighTower Advisors LLC grew its holdings in Colliers International Group by 13.6% during the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 254 shares during the period. Finally, Whittier Trust Co. grew its holdings in Colliers International Group by 8.4% during the third quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider’s stock valued at $540,000 after purchasing an additional 277 shares during the period. 80.09% of the stock is owned by institutional investors and hedge funds.

Colliers International Group Trading Down 2.1 %

CIGI opened at $130.45 on Thursday. The business has a 50 day simple moving average of $139.04 and a two-hundred day simple moving average of $143.48. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 40.89 and a beta of 1.49. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17. Colliers International Group Inc. has a one year low of $101.01 and a one year high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.89% and a net margin of 3.35%. Analysts predict that Colliers International Group Inc. will post 6.58 EPS for the current year.

Colliers International Group Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a dividend yield of 0.2%. Colliers International Group’s payout ratio is currently 9.40%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CIGI. Raymond James reduced their price objective on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, February 7th. JPMorgan Chase & Co. began coverage on Colliers International Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $167.00 price target for the company. The Goldman Sachs Group began coverage on Colliers International Group in a research report on Friday, December 6th. They set a “neutral” rating and a $170.00 target price for the company. Royal Bank of Canada boosted their target price 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. Finally, National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $168.63.

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.