Swiss National Bank lowered its stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIG) by 3.4% during the third quarter, Holdings Channel reports. The institutional investor owned 53,700 shares of the company’s stock after selling 1,900 shares during the period. Swiss National Bank owned about 0.14% of Colliers International Group worth $2,255,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Spruce House Investment Management LLC increased its stake in shares of Colliers International Group by 3.9% in the second quarter. Spruce House Investment Management LLC now owns 3,466,340 shares of the company’s stock valued at $118,334,000 after buying an additional 130,700 shares in the last quarter. BloombergSen Inc. increased its stake in shares of Colliers International Group by 50.8% in the second quarter. BloombergSen Inc. now owns 1,615,628 shares of the company’s stock valued at $55,158,000 after buying an additional 544,128 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Colliers International Group by 56.8% in the second quarter. Royal Bank of Canada now owns 858,184 shares of the company’s stock valued at $29,298,000 after buying an additional 310,828 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Colliers International Group by 3.4% in the third quarter. PNC Financial Services Group Inc. now owns 759,782 shares of the company’s stock valued at $31,964,000 after buying an additional 25,168 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Colliers International Group by 14.5% in the second quarter. Vanguard Group Inc. now owns 684,388 shares of the company’s stock valued at $23,365,000 after buying an additional 86,817 shares in the last quarter. 63.03% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Colliers International Group (NASDAQ:CIGI)

Shares of Colliers International Group Inc. (NASDAQ:CIGI) traded down 0.13% on Friday, reaching $37.25. 7,873 shares of the company traded hands. Colliers International Group Inc. has a one year low of $30.76 and a one year high of $46.54. The company has a market capitalization of $1.44 billion, a PE ratio of 24.56 and a beta of 1.51. The firm has a 50-day moving average price of $36.47 and a 200 day moving average price of $38.94.

Colliers International Group (NASDAQ:CIGI) last issued its quarterly earnings results on Friday, October 28th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.15. The firm earned $462.10 million during the quarter, compared to analyst estimates of $466.80 million. Colliers International Group had a return on equity of 52.27% and a net margin of 3.17%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. Equities analysts forecast that Colliers International Group Inc. will post $2.29 EPS for the current fiscal year.

The company also recently declared a semiannual dividend, which was paid on Wednesday, January 11th. Stockholders of record on Friday, December 30th were given a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, December 28th. This represents a dividend yield of 0.27%. Colliers International Group’s dividend payout ratio (DPR) is currently 6.58%.

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Several equities research analysts have recently issued reports on CIGI shares. Scotiabank reissued an “outperform” rating and set a $59.00 price objective on shares of Colliers International Group in a research report on Tuesday, October 4th. Zacks Investment Research cut shares of Colliers International Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 12th.

In other news, major shareholder Spruce House Partnership Lp purchased 976,357 shares of the company’s stock in a transaction dated Monday, October 31st. The shares were purchased at an average price of $37.65 per share, for a total transaction of $36,759,841.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 15.30% of the stock is currently owned by insiders.

Colliers International Group Company Profile

Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company’s primary services are outsourcing and advisory services, lease brokerage and sales brokerage. The Company’s segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.

5 Day Chart for NASDAQ:CIGI

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