Colliers International Group Inc. (NASDAQ:CIGI) Stake Raised by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. increased its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 187.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,266 shares of the financial services provider’s stock after acquiring an additional 29,527 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Colliers International Group were worth $6,154,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Tobam raised its holdings in Colliers International Group by 12.0% in the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 98 shares during the period. Plato Investment Management Ltd increased its stake in shares of Colliers International Group by 16.0% in the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 118 shares during the period. Pictet Asset Management Holding SA lifted its position in shares of Colliers International Group by 1.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 8,094 shares of the financial services provider’s stock worth $1,100,000 after purchasing an additional 144 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Colliers International Group by 2.5% during the 4th quarter. Alliancebernstein L.P. now owns 7,474 shares of the financial services provider’s stock valued at $1,016,000 after purchasing an additional 180 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in Colliers International Group by 1,752.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider’s stock valued at $43,000 after buying an additional 298 shares during the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. CIBC started coverage on Colliers International Group in a research report on Tuesday, March 4th. They issued a “sector outperform” rating and a $160.00 price objective for the company. Colliers Securities set a $160.00 price target on shares of Colliers International Group in a report on Tuesday, March 4th. Raymond James reduced their target price on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. BMO Capital Markets decreased their target price on Colliers International Group from $177.00 to $172.00 and set a “market perform” rating on the stock in a research report on Friday, February 7th. Finally, StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 20th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $160.80.

Colliers International Group Stock Performance

CIGI opened at $127.25 on Friday. 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 business has a fifty day simple moving average of $119.20 and a 200 day simple moving average of $132.62. Colliers International Group Inc. has a 1 year low of $100.86 and a 1 year high of $156.96. The company has a market capitalization of $6.27 billion, a PE ratio of 39.89 and a beta of 1.38.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.15 billion. Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.77 EPS. Research analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current year.

Colliers International Group Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a $0.15 dividend. This represents a yield of 0.2%. The ex-dividend date is Monday, June 30th. Colliers International Group’s dividend payout ratio is presently 10.53%.

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.