HighTower Advisors LLC Acquires 254 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

HighTower Advisors LLC boosted its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 13.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,119 shares of the financial services provider’s stock after acquiring an additional 254 shares during the quarter. HighTower Advisors LLC’s holdings in Colliers International Group were worth $323,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its holdings in Colliers International Group by 60.5% during the third quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider’s stock valued at $1,885,000 after purchasing an additional 4,678 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in Colliers International Group in the 3rd quarter valued at $2,581,000. Hantz Financial Services Inc. bought a new stake in Colliers International Group in the second quarter valued at $567,000. Erste Asset Management GmbH bought a new stake in Colliers International Group in the third quarter valued at $1,781,000. Finally, Bank of Montreal Can raised its stake in Colliers International Group by 0.9% during the second quarter. Bank of Montreal Can now owns 689,358 shares of the financial services provider’s stock worth $76,703,000 after acquiring an additional 6,178 shares in the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Trading Down 0.3 %

CIGI opened at $135.04 on Tuesday. The firm has a 50 day simple moving average of $148.72 and a 200 day simple moving average of $138.43. Colliers International Group Inc. has a fifty-two week low of $101.01 and a fifty-two week high of $156.96. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 43.01 and a beta of 1.47. 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 issued its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.17). Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the firm posted $1.10 EPS. The business’s revenue was up 11.7% on a year-over-year basis. On average, sell-side analysts anticipate that Colliers International Group Inc. will post 5.44 earnings per share for the current year.

Colliers International Group Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.15 per share. This represents a 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%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CIGI. StockNews.com downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. National Bank Financial raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. BMO Capital Markets raised their price objective on shares of Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a report on Friday, September 13th. Royal Bank of Canada boosted their target price on Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group initiated coverage on Colliers International Group in a report on Friday, December 6th. They set a “neutral” rating and a $170.00 price target for the company. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned 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 $162.44.

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.