Investment Management Corp of Ontario Sells 200 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Investment Management Corp of Ontario trimmed its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 9.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,851 shares of the financial services provider’s stock after selling 200 shares during the period. Investment Management Corp of Ontario’s holdings in Colliers International Group were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CIGI. Addenda Capital Inc. boosted its position in shares of Colliers International Group by 20.6% during the second quarter. Addenda Capital Inc. now owns 153,625 shares of the financial services provider’s stock worth $17,152,000 after acquiring an additional 26,263 shares during the last quarter. Blue Trust Inc. lifted its stake in Colliers International Group by 3,377.8% in the 2nd quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 304 shares in the last quarter. Cidel Asset Management Inc. boosted its holdings in shares of Colliers International Group by 2.9% during the 2nd quarter. Cidel Asset Management Inc. now owns 127,907 shares of the financial services provider’s stock valued at $14,280,000 after purchasing an additional 3,563 shares during the last quarter. Argent Capital Management LLC grew its position in shares of Colliers International Group by 10.7% during the second quarter. Argent Capital Management LLC now owns 29,608 shares of the financial services provider’s stock valued at $3,306,000 after purchasing an additional 2,858 shares in the last quarter. Finally, Ceredex Value Advisors LLC increased its holdings in shares of Colliers International Group by 1.6% in the second quarter. Ceredex Value Advisors LLC now owns 86,944 shares of the financial services provider’s stock worth $9,720,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Trading Down 0.2 %

Shares of NASDAQ CIGI opened at $151.79 on Monday. The business’s 50 day moving average price is $150.15 and its 200-day moving average price is $135.97. Colliers International Group Inc. has a fifty-two week low of $101.01 and a fifty-two week high of $156.96. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 48.34 and a beta of 1.47.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.17). The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 earnings per share. On average, sell-side analysts expect that Colliers International Group Inc. will post 5.44 earnings per share for the current year.

Colliers International Group Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be paid a $0.15 dividend. The ex-dividend date is Tuesday, December 31st. This represents a yield of 0.2%. Colliers International Group’s dividend payout ratio is currently 9.55%.

Wall Street Analyst Weigh In

CIGI has been the subject of several research analyst reports. Scotiabank raised their price target on Colliers International Group from $155.00 to $167.50 and gave the company a “sector outperform” rating in a report on Wednesday, November 6th. BMO Capital Markets increased their price objective on shares of Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a research report on Friday, September 13th. StockNews.com downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Royal Bank of Canada increased their price target on shares of Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Colliers International Group presently has an average rating of “Moderate Buy” and an average target price of $161.79.

Colliers International Group Company Profile

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.