Colliers International Group (NASDAQ:CIGI) Sees Strong Trading Volume – What’s Next?

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) shares saw an uptick in trading volume on Wednesday . 174,589 shares traded hands during trading, an increase of 110% from the previous session’s volume of 83,056 shares.The stock last traded at $135.30 and had previously closed at $136.07.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. BMO Capital Markets lifted their target price on shares of Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a research note on Friday, September 13th. Scotiabank upped their price objective on shares of Colliers International Group from $155.00 to $167.50 and gave the stock a “sector outperform” rating in a report on Wednesday, November 6th. National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Royal Bank of Canada upped their price target on Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Finally, StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $162.44.

Colliers International Group Stock Down 2.9 %

The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42. The firm has a market cap of $6.60 billion, a P/E ratio of 41.68 and a beta of 1.49. The firm’s 50 day moving average is $144.59 and its two-hundred day moving average is $140.39.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.17). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company earned $1.10 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. As a group, research analysts anticipate that Colliers International Group Inc. will post 5.44 EPS for the current fiscal year.

Colliers International Group Dividend Announcement

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

Hedge Funds Weigh In On Colliers International Group

Hedge funds have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. grew its position in shares of Colliers International Group by 26.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock valued at $90,000 after acquiring an additional 124 shares during the period. Plato Investment Management Ltd bought a new position in Colliers International Group during the third quarter worth about $112,000. Blue Trust Inc. increased its position in Colliers International Group by 197.8% during the third quarter. Blue Trust Inc. now owns 932 shares of the financial services provider’s stock worth $141,000 after buying an additional 619 shares during the last quarter. Stonegate Investment Group LLC bought a new stake in Colliers International Group in the third quarter valued at approximately $264,000. Finally, HighTower Advisors LLC lifted its position in shares of Colliers International Group by 13.6% in the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock valued at $323,000 after buying an additional 254 shares during the last quarter. Institutional investors own 80.09% of the company’s stock.

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.