Blue Trust Inc. Increases Stock Position in Colliers International Group Inc. (NASDAQ:CIGI)

Blue Trust Inc. boosted its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 65.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,539 shares of the financial services provider’s stock after buying an additional 607 shares during the quarter. Blue Trust Inc.’s holdings in Colliers International Group were worth $209,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. grew its position in shares of Colliers International Group by 26.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock valued at $90,000 after acquiring an additional 124 shares during the period. Plato Investment Management Ltd acquired a new stake in Colliers International Group in the third quarter valued at approximately $112,000. Stonegate Investment Group LLC purchased a new stake in shares of Colliers International Group in the third quarter valued at approximately $264,000. HighTower Advisors LLC raised its stake in shares of 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 buying an additional 254 shares during the period. Finally, Whittier Trust Co. lifted its position in shares of Colliers International Group by 8.4% during the 3rd quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider’s stock valued at $540,000 after buying an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Colliers International Group Price Performance

NASDAQ:CIGI opened at $139.30 on Tuesday. Colliers International Group Inc. has a one year low of $101.01 and a one year high of $156.96. The stock has a market cap of $6.86 billion, a PE ratio of 44.36 and a beta of 1.49. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a 50 day moving average price of $141.25 and a 200 day moving average price of $143.38.

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

Colliers International Group Dividend Announcement

The company also recently disclosed 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 yield of 0.2%. The ex-dividend date of this dividend was Tuesday, December 31st. Colliers International Group’s payout ratio is currently 9.55%.

Wall Street Analysts Forecast Growth

CIGI has been the subject of a number of research 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 for the company in a research report on Tuesday, January 28th. JPMorgan Chase & Co. began coverage on shares of Colliers International Group in a research report on Monday, December 16th. They set a “neutral” rating and a $167.00 price target for the company. Raymond James lifted their price objective on Colliers International Group from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Royal Bank of Canada increased 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. Finally, National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Four investment 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $164.63.

About Colliers International Group

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.