Montrusco Bolton Investments Inc. Has $15.48 Million Stake in Colliers International Group Inc. $CIGI

Montrusco Bolton Investments Inc. increased its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 12.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,285 shares of the financial services provider’s stock after purchasing an additional 16,108 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Colliers International Group were worth $15,484,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new position in shares of Colliers International Group in the third quarter valued at $26,000. Arax Advisory Partners increased its position in shares of Colliers International Group by 137.0% during the fourth quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 126 shares in the last quarter. Kestra Advisory Services LLC bought a new position in Colliers International Group in the 4th quarter valued at about $32,000. JPMorgan Chase & Co. acquired a new position in Colliers International Group during the 2nd quarter valued at about $39,000. Finally, 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 last quarter. Institutional investors own 80.09% of the company’s stock.

Wall Street Analyst Weigh In

CIGI has been the subject of several analyst reports. Royal Bank Of Canada lowered their price objective on Colliers International Group from $160.00 to $155.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings downgraded Colliers International Group from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 11th. Scotia lowered their price target on Colliers International Group from $155.00 to $150.00 and set a “sector outperform” rating for the company in a research report on Wednesday, April 15th. Zacks Research upgraded Colliers International Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Finally, BMO Capital Markets dropped their price objective on Colliers International Group from $180.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Colliers International Group presently has an average rating of “Moderate Buy” and a consensus price target of $162.89.

Colliers International Group Stock Performance

NASDAQ:CIGI opened at $98.51 on Friday. Colliers International Group Inc. has a 52 week low of $88.38 and a 52 week high of $171.51. The firm has a 50-day moving average price of $96.90 and a two-hundred day moving average price of $115.89. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 60.81 and a beta of 1.26.

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

Colliers International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.60 annualized dividend and a yield of 0.6%. Colliers International Group’s payout ratio is currently 18.52%.

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.