Barclays PLC Invests $1.63 Million in Colliers International Group Inc. (NASDAQ:CIGI)

Barclays PLC acquired a new position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,734 shares of the financial services provider’s stock, valued at approximately $1,629,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new position in Colliers International Group in the 3rd quarter valued at about $3,543,000. National Bank of Canada FI lifted its stake in shares of Colliers International Group by 21.0% in the 3rd quarter. National Bank of Canada FI now owns 84,362 shares of the financial services provider’s stock valued at $12,806,000 after acquiring an additional 14,633 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Colliers International Group by 10.5% during the third quarter. Jane Street Group LLC now owns 34,916 shares of the financial services provider’s stock valued at $5,299,000 after purchasing an additional 3,314 shares in the last quarter. Janus Henderson Group PLC acquired a new position in Colliers International Group in the 3rd quarter valued at approximately $69,920,000. Finally, HighTower Advisors LLC raised its position in 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 purchasing an additional 254 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Trading Down 1.3 %

CIGI stock opened at $134.96 on Friday. The company’s 50 day moving average price is $147.93 and its two-hundred day moving average price is $138.62. 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 Inc. has a one year low of $101.01 and a one year high of $156.96. The company has a market capitalization of $6.81 billion, a PE ratio of 42.98 and a beta of 1.47.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its 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 firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the company posted $1.10 EPS. The firm’s revenue was up 11.7% on a year-over-year basis. As a group, analysts predict 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 of this dividend is Tuesday, December 31st. Colliers International Group’s dividend payout ratio (DPR) is currently 9.55%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. 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 price target for the company. BMO Capital Markets increased their target price on shares of Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a report on Friday, September 13th. 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. 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 on the stock. Finally, Royal Bank of Canada lifted their target price on Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $162.44.

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.