Colliers International Group Inc. (NASDAQ:CIGI) Shares Sold by Louisbourg Investments Inc.

Louisbourg Investments Inc. trimmed its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 44.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,112 shares of the financial services provider’s stock after selling 25,283 shares during the period. Louisbourg Investments Inc.’s holdings in Colliers International Group were worth $4,365,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. grew its holdings in Colliers International Group by 26.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock worth $90,000 after acquiring an additional 124 shares during the period. Plato Investment Management Ltd purchased a new stake in shares of Colliers International Group during the 3rd quarter worth $112,000. Tobam grew its stake in shares of Colliers International Group by 12.0% during the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 98 shares during the period. Blue Trust Inc. increased its holdings in shares of Colliers International Group by 197.8% in the 3rd quarter. Blue Trust Inc. now owns 932 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 619 shares in the last quarter. Finally, Stonegate Investment Group LLC acquired a new stake in shares of Colliers International Group in the third quarter valued at about $264,000. 80.09% of the stock is owned by institutional investors and hedge funds.

Colliers International Group Stock Down 1.4 %

CIGI opened at $133.29 on Wednesday. Colliers International Group Inc. has a 12 month low of $101.01 and a 12 month high of $156.96. The business has a 50-day moving average of $139.53 and a two-hundred day moving average of $143.57. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 41.78 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.89%. On average, research analysts expect that Colliers International Group Inc. will post 6.58 earnings per share for the current year.

Colliers International Group Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a $0.15 dividend. This represents a dividend yield of 0.2%. The ex-dividend date was Tuesday, December 31st. Colliers International Group’s dividend payout ratio (DPR) is currently 9.40%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CIGI shares. Raymond James dropped their target price on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Scotiabank dropped their price target on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a research report on Friday, February 7th. BMO Capital Markets reduced their price objective on Colliers International Group from $177.00 to $172.00 and set a “market perform” rating on the stock in a research report on Friday, February 7th. Royal Bank of Canada lifted their price objective on Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. started coverage on shares of Colliers International Group in a report on Monday, December 16th. They issued a “neutral” rating and a $167.00 target price on the stock. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $168.63.

Colliers International Group 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.