Colliers International Group Inc. (NASDAQ:CIGI) Short Interest Down 19.8% in January

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 285,300 shares, a drop of 19.8% from the December 31st total of 355,700 shares. Based on an average daily trading volume, of 101,200 shares, the days-to-cover ratio is currently 2.8 days.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CIGI. The Goldman Sachs Group initiated coverage on Colliers International Group in a research note on Friday, December 6th. They set a “neutral” rating and a $170.00 price target for the company. JPMorgan Chase & Co. initiated coverage on shares of Colliers International Group in a research note on Monday, December 16th. They set a “neutral” rating and a $167.00 price target on the stock. Royal Bank of Canada upped their price objective on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, Raymond James raised their price objective on Colliers International Group from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.63.

Colliers International Group Stock Down 0.6 %

Shares of NASDAQ:CIGI opened at $142.35 on Friday. The company’s fifty day moving average is $141.55 and its 200-day moving average is $143.13. 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 has a 52 week low of $101.01 and a 52 week high of $156.96. The company has a market capitalization of $7.02 billion, a PE ratio of 45.33 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.17 billion. During the same period last year, the firm earned $1.10 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities research analysts predict that Colliers International Group will post 5.41 earnings per share for the current fiscal year.

Colliers International Group Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a dividend yield of 0.2%. Colliers International Group’s dividend payout ratio is currently 9.55%.

Institutional Trading of Colliers International Group

A number of institutional investors have recently made changes to their positions in CIGI. Tobam increased its position in shares of Colliers International Group by 12.0% in the fourth quarter. Tobam now owns 913 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 98 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in 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 worth $90,000 after acquiring an additional 124 shares in the last quarter. King Luther Capital Management Corp lifted its stake in Colliers International Group by 1.2% in 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 position in shares of Colliers International Group by 13.6% in the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 254 shares during the period. Finally, Whittier Trust Co. raised its holdings in shares of Colliers International Group by 8.4% in the 3rd 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. Institutional investors own 80.09% of the company’s stock.

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.