State of New Jersey Common Pension Fund D Increases Stake in Colliers International Group Inc. (NASDAQ:CIGI)

State of New Jersey Common Pension Fund D lifted its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 15.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,336 shares of the financial services provider’s stock after acquiring an additional 713 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Colliers International Group were worth $726,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Plato Investment Management Ltd purchased a new position in shares of Colliers International Group during the third quarter valued at approximately $112,000. Tobam boosted its holdings in Colliers International Group by 12.0% during the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 98 shares during the period. Blue Trust Inc. grew its position in Colliers International Group by 65.1% in the 4th quarter. Blue Trust Inc. now owns 1,539 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 607 shares during the last quarter. HighTower Advisors LLC grew its position in Colliers International Group by 13.6% in the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 254 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in Colliers International Group in the fourth quarter worth $354,000. 80.09% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Price Performance

Shares of Colliers International Group stock opened at $127.27 on Wednesday. The business has a 50 day simple moving average of $135.69 and a two-hundred day simple moving average of $143.20. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $6.27 billion, a P/E ratio of 39.90 and a beta of 1.49. Colliers International Group Inc. has a 12 month low of $101.01 and a 12 month high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. As a group, analysts predict that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Colliers International Group Announces Dividend

The company also recently disclosed 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 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 9.40%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CIGI. Raymond James dropped their price target on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Royal Bank of Canada lifted their target price on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. StockNews.com raised shares of Colliers International Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Scotiabank decreased their price target 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. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.