Kirr Marbach & Co. LLC IN Sells 1,740 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Kirr Marbach & Co. LLC IN lowered its stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 140,553 shares of the financial services provider’s stock after selling 1,740 shares during the period. Colliers International Group accounts for 4.1% of Kirr Marbach & Co. LLC IN’s portfolio, making the stock its 7th largest position. Kirr Marbach & Co. LLC IN’s holdings in Colliers International Group were worth $19,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Colliers International Group by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 309,260 shares of the financial services provider’s stock valued at $34,527,000 after acquiring an additional 13,678 shares during the last quarter. Clearbridge Investments LLC increased its holdings in Colliers International Group by 91.3% in the second quarter. Clearbridge Investments LLC now owns 310,602 shares of the financial services provider’s stock valued at $34,677,000 after purchasing an additional 148,265 shares during the last quarter. Stonegate Investment Group LLC acquired a new position in Colliers International Group in the third quarter valued at about $264,000. Dixon Mitchell Investment Counsel Inc. grew its position in shares of Colliers International Group by 7.2% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 86,011 shares of the financial services provider’s stock worth $13,068,000 after buying an additional 5,800 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Colliers International Group by 197.8% in the 3rd quarter. Blue Trust Inc. now owns 932 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 619 shares during the last quarter. Institutional investors own 80.09% of the company’s stock.

Analysts Set New Price Targets

CIGI has been the topic of several recent analyst reports. Scotiabank reduced their price objective on shares of Colliers International Group from $172.50 to $170.00 and set a “sector outperform” rating on the stock in a research note on Tuesday. National Bank Financial raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Raymond James lifted their target price on Colliers International Group from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Royal Bank of Canada increased their price target on Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group began coverage on Colliers International Group in a report on Friday, December 6th. They set a “neutral” rating and a $170.00 price objective on the stock. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $164.63.

Colliers International Group Price Performance

Shares of CIGI opened at $143.70 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.42. Colliers International Group Inc. has a twelve month low of $101.01 and a twelve month high of $156.96. The stock has a market capitalization of $7.25 billion, a P/E ratio of 45.76 and a beta of 1.49. The company has a 50 day moving average of $141.66 and a 200-day moving average of $143.02.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the business posted $1.10 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities research analysts forecast that Colliers International Group Inc. will post 5.41 EPS for the current fiscal year.

Colliers International Group Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Shareholders 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 was Tuesday, December 31st. Colliers International Group’s dividend payout ratio (DPR) is 9.55%.

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.