Blue Trust Inc. Has $58,000 Stake in Colliers International Group Inc. (NASDAQ:CIGI)

Blue Trust Inc. reduced its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 54.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 425 shares of the financial services provider’s stock after selling 507 shares during the period. Blue Trust Inc.’s holdings in Colliers International Group were worth $58,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Kornitzer Capital Management Inc. KS lifted its holdings in shares of Colliers International Group by 23.4% in the third quarter. Kornitzer Capital Management Inc. KS now owns 7,260 shares of the financial services provider’s stock valued at $1,102,000 after purchasing an additional 1,375 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in Colliers International Group in the 3rd quarter valued at $702,000. Plato Investment Management Ltd bought a new position in Colliers International Group during the 3rd quarter valued at $112,000. Empowered Funds LLC boosted its holdings in Colliers International Group by 60.5% during the 3rd quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider’s stock worth $1,885,000 after acquiring an additional 4,678 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new stake in shares of Colliers International Group in the 3rd quarter worth $2,581,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Stock Performance

NASDAQ CIGI opened at $124.71 on Tuesday. Colliers International Group Inc. has a 52-week low of $101.01 and a 52-week high of $156.96. The company has a fifty day moving average of $136.01 and a 200-day moving average of $143.24. The company has a market capitalization of $6.15 billion, a P/E ratio of 39.09 and a beta of 1.49. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06.

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 the consensus estimate of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. As a group, equities research analysts predict that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Colliers International Group Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a $0.15 dividend. 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 9.40%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CIGI shares. National Bank Financial raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group started coverage on shares of Colliers International Group in a research report on Friday, December 6th. They set a “neutral” rating and a $170.00 target price on the stock. Scotiabank reduced their target price on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a report on Friday, February 7th. JPMorgan Chase & Co. began coverage on 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. Finally, StockNews.com raised Colliers International Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $168.63.

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.