HughesLittle Investment Management Ltd. Sells 9,600 Shares of Colliers International Group Inc. $CIGI

HughesLittle Investment Management Ltd. trimmed its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 68.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,400 shares of the financial services provider’s stock after selling 9,600 shares during the quarter. Colliers International Group comprises approximately 0.1% of HughesLittle Investment Management Ltd.’s holdings, making the stock its 13th largest position. HughesLittle Investment Management Ltd.’s holdings in Colliers International Group were worth $648,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in Colliers International Group in the 3rd quarter worth $26,000. Arax Advisory Partners boosted its holdings in Colliers International Group by 137.0% during the fourth quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 126 shares during the period. Kestra Advisory Services LLC bought a new stake in Colliers International Group during the fourth quarter valued at about $32,000. JPMorgan Chase & Co. acquired a new stake in shares of Colliers International Group in the second quarter valued at about $39,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Colliers International Group by 26.3% in the second 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 last quarter. 80.09% of the stock is owned by institutional investors.

Colliers International Group Stock Performance

NASDAQ:CIGI opened at $91.31 on Friday. Colliers International Group Inc. has a 12-month low of $90.45 and a 12-month high of $171.51. The firm has a market capitalization of $4.67 billion, a PE ratio of 56.36 and a beta of 1.26. The firm has a 50-day moving average price of $101.19 and a 200 day moving average price of $119.45. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.23.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.01). Colliers International Group had a return on equity of 20.31% and a net margin of 1.45%.The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the company posted $0.87 earnings per share. The company’s quarterly revenue was up 15.1% on a year-over-year basis. Research analysts anticipate that Colliers International Group Inc. will post 6.82 earnings per share for the current fiscal year.

Colliers International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.7%. Colliers International Group’s dividend payout ratio (DPR) is presently 18.52%.

Analysts Set New Price Targets

CIGI has been the subject of several research analyst reports. National Bank Financial cut their price objective on Colliers International Group from $160.00 to $143.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Zacks Research raised Colliers International Group from a “strong sell” rating to a “hold” rating in a report on Thursday, April 2nd. Raymond James Financial dropped their price target on Colliers International Group from $185.00 to $180.00 in a research report on Wednesday, April 29th. Scotia cut their price target on Colliers International Group from $155.00 to $150.00 and set a “sector outperform” rating for the company in a report on Wednesday, April 15th. Finally, Royal Bank Of Canada reduced their price objective on Colliers International Group from $160.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $162.89.

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.