Colliers International Group (NASDAQ:CIGI) Sees Large Volume Increase Following Analyst Upgrade

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) shares saw unusually-high trading volume on Wednesday after Raymond James Financial upgraded the stock from an outperform rating to a strong-buy rating. Raymond James Financial now has a $200.00 price target on the stock. Approximately 280,647 shares traded hands during mid-day trading, an increase of 62% from the previous session’s volume of 172,732 shares.The stock last traded at $131.7370 and had previously closed at $128.34.

A number of other brokerages have also issued reports on CIGI. Stifel Nicolaus raised their target price on shares of Colliers International Group from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. National Bankshares upped their target price on shares of Colliers International Group from $181.00 to $185.00 in a report on Monday, December 15th. Wall Street Zen upgraded shares of Colliers International Group from a “hold” rating to a “buy” rating in a research note on Sunday, January 25th. CIBC boosted their price target on Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Colliers International Group has an average rating of “Moderate Buy” and a consensus price target of $178.70.

Institutional Trading of Colliers International Group

Several large investors have recently bought and sold shares of CIGI. Intact Investment Management Inc. boosted its position in shares of Colliers International Group by 7.7% in the 4th quarter. Intact Investment Management Inc. now owns 80,950 shares of the financial services provider’s stock worth $11,898,000 after buying an additional 5,770 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in Colliers International Group by 6.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 14,670 shares of the financial services provider’s stock worth $2,157,000 after acquiring an additional 854 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Colliers International Group by 6.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,792 shares of the financial services provider’s stock valued at $1,147,000 after purchasing an additional 449 shares in the last quarter. UBS Group AG grew its position in shares of Colliers International Group by 48.3% in the fourth quarter. UBS Group AG now owns 38,202 shares of the financial services provider’s stock valued at $5,616,000 after purchasing an additional 12,439 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Colliers International Group by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 1,996,018 shares of the financial services provider’s stock worth $293,379,000 after purchasing an additional 23,516 shares in the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Price Performance

The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14. The company has a 50-day moving average of $144.28 and a 200-day moving average of $152.10. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 57.96 and a beta of 1.40.

Colliers International Group Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a dividend yield of 20.0%. Colliers International Group’s dividend payout ratio (DPR) is presently 13.10%.

Colliers International Group Company Profile

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.