Colliers International Group Inc. $CIGI Stock Position Boosted by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,972,502 shares of the financial services provider’s stock after acquiring an additional 39,902 shares during the quarter. Vanguard Group Inc. owned about 3.98% of Colliers International Group worth $308,497,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CIGI. JPMorgan Chase & Co. acquired a new stake in shares of Colliers International Group in the 2nd quarter valued at $39,000. EverSource Wealth Advisors LLC boosted its stake in Colliers International Group by 26.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 63 shares during the period. Sagard Holdings Management Inc. acquired a new stake in Colliers International Group in the 2nd quarter valued at approximately $73,000. Blue Trust Inc. raised its position in shares of Colliers International Group by 17.1% during the third quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock valued at $79,000 after buying an additional 74 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Colliers International Group during the second quarter valued at approximately $96,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on CIGI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, January 21st. Zacks Research cut Colliers International Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Wall Street Zen cut Colliers International Group from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Royal Bank Of Canada decreased their target price on Colliers International Group from $190.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Finally, National Bank Financial lowered their target price on shares of Colliers International Group from $185.00 to $160.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Colliers International Group currently has a consensus rating of “Moderate Buy” and an average price target of $168.89.

Colliers International Group Price Performance

Shares of CIGI opened at $118.73 on Friday. The firm has a market capitalization of $5.91 billion, a PE ratio of 59.07 and a beta of 1.40. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.14. The company’s 50-day moving average is $136.51 and its 200-day moving average is $148.85. Colliers International Group Inc. has a fifty-two week low of $98.97 and a fifty-two week high of $171.51.

Colliers International Group Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were issued a $0.15 dividend. This represents a yield of 20.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Colliers International Group’s dividend payout ratio (DPR) is currently 14.93%.

About Colliers International Group

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.