National Bank of Canada FI Has $12.81 Million Stock Position in Colliers International Group Inc. (NASDAQ:CIGI)

National Bank of Canada FI grew its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 21.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 84,362 shares of the financial services provider’s stock after purchasing an additional 14,633 shares during the quarter. National Bank of Canada FI’s holdings in Colliers International Group were worth $12,806,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in shares of Colliers International Group by 3,377.8% in the 2nd quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 304 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in Colliers International Group by 93.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 469 shares of the financial services provider’s stock valued at $52,000 after buying an additional 226 shares during the period. Plato Investment Management Ltd bought a new position in shares of Colliers International Group during the 3rd quarter worth approximately $112,000. Stonegate Investment Group LLC acquired a new stake in shares of Colliers International Group during the 3rd quarter worth approximately $264,000. Finally, HighTower Advisors LLC grew its position in shares of Colliers International Group by 13.6% during the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock worth $323,000 after buying an additional 254 shares during the period. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Stock Performance

Shares of CIGI opened at $147.40 on Wednesday. The firm has a market capitalization of $7.43 billion, a P/E ratio of 46.94 and a beta of 1.47. Colliers International Group Inc. has a 52 week low of $101.01 and a 52 week high of $156.96. The stock has a 50 day moving average price of $150.01 and a two-hundred day moving average price of $136.49. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.17). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company posted $1.10 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts forecast that Colliers International Group Inc. will post 5.44 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 Tuesday, January 14th. Investors of record on Tuesday, December 31st will be given a dividend of $0.15 per share. This represents a dividend yield of 0.2%. The ex-dividend date is Tuesday, December 31st. Colliers International Group’s payout ratio is currently 9.55%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CIGI shares. National Bank Financial raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. StockNews.com cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Scotiabank upped their price target on Colliers International Group from $155.00 to $167.50 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group initiated coverage on Colliers International Group in a research note on Friday, December 6th. They issued a “neutral” rating and a $170.00 price objective for the company. Finally, Royal Bank of Canada upped their target price on Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $161.79.

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.