Toronto Dominion Bank Reduces Stock Position in Colliers International Group Inc. (NASDAQ:CIGI)

Toronto Dominion Bank reduced its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 40.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 16,411 shares of the financial services provider’s stock after selling 11,353 shares during the period. Toronto Dominion Bank’s holdings in Colliers International Group were worth $2,006,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. raised its holdings in Colliers International Group by 575.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 207 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Colliers International Group by 252.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 316 shares in the last quarter. Tobam bought a new stake in shares of Colliers International Group in the 4th quarter worth about $58,000. Security National Bank bought a new stake in shares of Colliers International Group in the 4th quarter worth about $70,000. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Colliers International Group in the 1st quarter valued at about $118,000. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

Colliers International Group Stock Up 2.5 %

NASDAQ:CIGI opened at $139.43 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.15. The stock has a 50 day moving average of $115.58 and a 200-day moving average of $116.07. The firm has a market capitalization of $6.83 billion, a PE ratio of 68.01 and a beta of 1.50. Colliers International Group Inc. has a 52 week low of $83.38 and a 52 week high of $140.30.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.20). Colliers International Group had a return on equity of 26.28% and a net margin of 2.25%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $989.03 million. Analysts predict that Colliers International Group Inc. will post 5.51 EPS for the current year.

Colliers International Group Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were issued a $0.15 dividend. The ex-dividend date was Friday, June 28th. This represents a dividend yield of 0.3%. Colliers International Group’s dividend payout ratio (DPR) is presently 14.63%.

Analyst Ratings Changes

A number of research firms recently commented on CIGI. Royal Bank of Canada reissued an “outperform” rating and issued a $145.00 price objective on shares of Colliers International Group in a report on Tuesday, June 4th. BMO Capital Markets lifted their target price on Colliers International Group from $137.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 4th. Raymond James boosted their price target on Colliers International Group from $145.00 to $150.00 and gave the company a “strong-buy” rating in a report on Wednesday, June 5th. Finally, Scotiabank raised their price objective on Colliers International Group from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Colliers International Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.50.

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.