Sei Investments Co. Increases Position in Colliers International Group Inc. $CIGI

Sei Investments Co. lifted its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 31.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,680 shares of the financial services provider’s stock after acquiring an additional 6,545 shares during the period. Sei Investments Co.’s holdings in Colliers International Group were worth $2,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of Colliers International Group in the third quarter valued at about $26,000. Arax Advisory Partners lifted its holdings 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 purchasing an additional 126 shares during the period. Kestra Advisory Services LLC purchased a new stake in Colliers International Group in the fourth quarter valued at approximately $32,000. JPMorgan Chase & Co. purchased a new stake in Colliers International Group in the second quarter valued at approximately $39,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Colliers International Group by 26.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock worth $40,000 after buying an additional 63 shares during the period. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Trading Up 2.8%

Shares of CIGI stock opened at $101.54 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.19 and a quick ratio of 1.23. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 48.35 and a beta of 1.24. The stock has a 50 day simple moving average of $97.05 and a 200-day simple moving average of $107.56. Colliers International Group Inc. has a 1-year low of $88.38 and a 1-year high of $171.51.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.04. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Colliers International Group had a net margin of 1.81% and a return on equity of 20.17%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.72 EPS. On average, equities research analysts expect that Colliers International Group Inc. will post 6.82 EPS for the current fiscal year.

Colliers International Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were given a $0.15 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.6%. Colliers International Group’s dividend payout ratio (DPR) is 14.29%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Royal Bank Of Canada decreased their price objective on shares of 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. BMO Capital Markets decreased their target price on shares of Colliers International Group from $180.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Scotia lowered their price target on shares of Colliers International Group from $150.00 to $145.00 and set a “sector outperform” rating on the stock in a report on Friday, July 31st. National Bank Financial increased their price target on Colliers International Group from $109.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Weiss Ratings upgraded Colliers International Group from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $157.56.

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.