Colliers International Group Inc. (NASDAQ:CIGI) Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. lessened its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 127,811 shares of the financial services provider’s stock after selling 257 shares during the period. Colliers International Group makes up 1.2% of Cidel Asset Management Inc.’s portfolio, making the stock its 29th biggest position. Cidel Asset Management Inc. owned about 0.25% of Colliers International Group worth $17,372,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stonegate Investment Group LLC acquired a new stake in shares of Colliers International Group in the third quarter worth $264,000. Dixon Mitchell Investment Counsel Inc. increased its holdings in Colliers International Group by 7.2% in the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 86,011 shares of the financial services provider’s stock valued at $13,068,000 after purchasing an additional 5,800 shares in the last quarter. Blue Trust Inc. raised its position in Colliers International Group by 197.8% in the third quarter. Blue Trust Inc. now owns 932 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 619 shares during the period. Whittier Trust Co. lifted its stake in shares of Colliers International Group by 8.4% during the third quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider’s stock worth $540,000 after purchasing an additional 277 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of Colliers International Group by 26.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock worth $90,000 after buying an additional 124 shares during the period. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CIGI has been the topic of several analyst reports. JPMorgan Chase & Co. assumed coverage on Colliers International Group in a report on Monday, December 16th. They set a “neutral” rating and a $167.00 target price on the stock. Raymond James dropped their price objective on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday. BMO Capital Markets decreased their target price on shares of Colliers International Group from $177.00 to $172.00 and set a “market perform” rating for the company in a research note on Friday. Scotiabank dropped their price target on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a research note on Friday. Finally, National Bankshares decreased their price objective on shares of Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a research report on Friday. Four investment 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $168.63.

Colliers International Group Price Performance

Shares of CIGI stock opened at $135.28 on Friday. The firm has a fifty day moving average of $140.61 and a two-hundred day moving average of $143.44. The firm has a market cap of $6.67 billion, a P/E ratio of 43.08 and a beta of 1.49. Colliers International Group Inc. has a 1-year low of $101.01 and a 1-year high of $156.96. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results 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 return on equity of 21.78% and a net margin of 3.38%. As a group, research analysts anticipate that Colliers International Group Inc. will post 5.41 earnings per share for the current fiscal year.

Colliers International Group Announces Dividend

The company also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Investors 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 of this dividend was Tuesday, December 31st. Colliers International Group’s dividend payout ratio is currently 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.