Blue Trust Inc. Sells 507 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Blue Trust Inc. decreased its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 54.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 425 shares of the financial services provider’s stock after selling 507 shares during the period. Blue Trust Inc.’s holdings in Colliers International Group were worth $58,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Entropy Technologies LP bought a new position in shares of Colliers International Group during the fourth quarter valued at approximately $354,000. Empowered Funds LLC increased its position in Colliers International Group by 31.0% during the 4th quarter. Empowered Funds LLC now owns 16,265 shares of the financial services provider’s stock valued at $2,212,000 after purchasing an additional 3,850 shares during the period. Triasima Portfolio Management inc. raised its holdings in Colliers International Group by 8.7% in the 4th quarter. Triasima Portfolio Management inc. now owns 15,058 shares of the financial services provider’s stock worth $2,047,000 after purchasing an additional 1,200 shares in the last quarter. Tobam lifted its position in shares of Colliers International Group by 12.0% in the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 98 shares during the period. Finally, Cibc World Market Inc. boosted its stake in shares of Colliers International Group by 3.9% during the 4th quarter. Cibc World Market Inc. now owns 219,317 shares of the financial services provider’s stock valued at $29,814,000 after purchasing an additional 8,148 shares in the last quarter. Institutional investors own 80.09% of the company’s stock.

Analyst Ratings Changes

CIGI has been the topic of several research reports. JPMorgan Chase & Co. started coverage on Colliers International Group in a research report on Monday, December 16th. They set a “neutral” rating and a $167.00 price objective on the stock. National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Scotiabank decreased their price objective on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a report on Friday, February 7th. Royal Bank of Canada boosted their target price on shares of Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group assumed coverage on shares of Colliers International Group in a research report on Friday, December 6th. They issued a “neutral” rating and a $170.00 target price on the stock. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $168.63.

Colliers International Group Trading Down 0.6 %

Shares of CIGI opened at $124.71 on Tuesday. The firm has a market cap of $6.15 billion, a P/E ratio of 39.09 and a beta of 1.49. The company has a 50 day simple moving average of $136.01 and a two-hundred day simple moving average of $143.24. Colliers International Group Inc. has a 1 year low of $101.01 and a 1 year high of $156.96. 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 (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. On average, equities 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 announced a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.15 per share. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, December 31st. Colliers International Group’s dividend payout ratio is currently 9.40%.

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.