Lincluden Management Ltd. Sells 8,450 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Lincluden Management Ltd. trimmed its stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 14.9% during the 4th quarter, HoldingsChannel reports. The fund owned 48,132 shares of the financial services provider’s stock after selling 8,450 shares during the quarter. Colliers International Group comprises 0.8% of Lincluden Management Ltd.’s holdings, making the stock its 28th biggest position. Lincluden Management Ltd.’s holdings in Colliers International Group were worth $6,545,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Janus Henderson Group PLC bought a new stake in Colliers International Group during the 3rd quarter valued at about $69,920,000. Franklin Resources Inc. increased its position in shares of Colliers International Group by 100.8% during the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock valued at $102,261,000 after acquiring an additional 340,691 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in Colliers International Group by 55.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider’s stock worth $54,461,000 after acquiring an additional 128,005 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Colliers International Group by 114.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 161,800 shares of the financial services provider’s stock valued at $24,552,000 after acquiring an additional 86,469 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Colliers International Group by 93.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 121,801 shares of the financial services provider’s stock valued at $18,491,000 after purchasing an additional 58,858 shares during the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Price Performance

NASDAQ CIGI opened at $124.71 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $6.15 billion, a P/E ratio of 39.09 and a beta of 1.49. The company has a 50-day moving average price of $136.01 and a 200-day moving average price of $143.24. Colliers International Group Inc. has a 52 week low of $101.01 and a 52 week high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.87 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 20.38%. Equities research analysts anticipate that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

Colliers International Group Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. assumed coverage on Colliers International Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $167.00 target price for the company. StockNews.com raised shares of Colliers International Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. BMO Capital Markets reduced their price target on shares of Colliers International Group from $177.00 to $172.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. Finally, The Goldman Sachs Group assumed coverage on shares of Colliers International Group in a research report on Friday, December 6th. They set a “neutral” rating and a $170.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $168.63.

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.