Thompson Investment Management Inc. Reduces Position in Colliers International Group Inc. (NASDAQ:CIGI)

Thompson Investment Management Inc. lessened its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 7.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,900 shares of the financial services provider’s stock after selling 1,100 shares during the quarter. Thompson Investment Management Inc.’s holdings in Colliers International Group were worth $1,890,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its position in Colliers International Group by 100.8% during the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock worth $102,261,000 after acquiring an additional 340,691 shares during the period. Janus Henderson Group PLC acquired a new stake in Colliers International Group during the 3rd quarter worth approximately $69,920,000. Loomis Sayles & Co. L P lifted its position in Colliers International Group by 55.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider’s stock worth $54,461,000 after acquiring an additional 128,005 shares during the period. Cibc World Market Inc. lifted its position in 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 worth $29,814,000 after acquiring an additional 8,148 shares during the period. Finally, Addenda Capital Inc. lifted its position in Colliers International Group by 7.6% during the 4th quarter. Addenda Capital Inc. now owns 175,780 shares of the financial services provider’s stock worth $23,901,000 after acquiring an additional 12,415 shares during the period. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CIGI. JPMorgan Chase & Co. began coverage on Colliers International Group in a report on Monday, December 16th. They issued a “neutral” rating and a $167.00 price target for the company. Raymond James reduced their price target on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday. National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Royal Bank of Canada raised their price target on Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday. Finally, National Bankshares dropped their price objective on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a research note on Friday. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Colliers International Group currently has an average rating of “Moderate Buy” and an average target price of $168.63.

Colliers International Group Price Performance

Shares of NASDAQ:CIGI opened at $135.28 on Friday. The company has a market cap of $6.67 billion, a P/E ratio of 42.41 and a beta of 1.49. 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 52 week low of $101.01 and a 52 week high of $156.96. The business has a fifty day simple moving average of $140.24 and a 200-day simple moving average of $143.46.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.89%. Equities research analysts forecast that Colliers International Group Inc. will post 6.58 EPS for the current year.

Colliers International Group Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a $0.15 dividend. This represents a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, December 31st. Colliers International Group’s 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.