Louisbourg Investments Inc. Decreases Stock Position in Colliers International Group Inc. (NASDAQ:CIGI)

Louisbourg Investments Inc. trimmed its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 44.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,112 shares of the financial services provider’s stock after selling 25,283 shares during the quarter. Louisbourg Investments Inc. owned 0.06% of Colliers International Group worth $4,365,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Tobam lifted its position 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 last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Colliers International Group by 26.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock worth $90,000 after buying an additional 124 shares during the last quarter. King Luther Capital Management Corp boosted its position in shares of Colliers International Group by 1.2% during the 3rd quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider’s stock worth $2,222,000 after acquiring an additional 178 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Colliers International Group by 13.6% in the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 254 shares during the last quarter. Finally, Whittier Trust Co. raised its position in shares of Colliers International Group by 8.4% during the 3rd quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider’s stock worth $540,000 after acquiring an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Colliers International Group Price Performance

Shares of CIGI opened at $133.29 on Wednesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17. Colliers International Group Inc. has a fifty-two week low of $101.01 and a fifty-two week high of $156.96. The firm has a 50-day simple moving average of $139.53 and a 200-day simple moving average of $143.57. The company 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 posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.89% and a net margin of 3.35%. On average, equities research analysts anticipate that Colliers International Group Inc. will post 6.58 earnings per share for the current year.

Colliers International Group Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given 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 (DPR) is 9.40%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. National Bankshares lowered their price target on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a report on Friday, February 7th. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Scotiabank cut their price target on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 7th. JPMorgan Chase & Co. assumed coverage on shares of Colliers International Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $167.00 price target for the company. Finally, BMO Capital Markets dropped their price objective on Colliers International Group from $177.00 to $172.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.