Lincluden Management Ltd. Decreases Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Lincluden Management Ltd. lowered its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 14.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,132 shares of the financial services provider’s stock after selling 8,450 shares during the quarter. Colliers International Group makes up approximately 0.8% of Lincluden Management Ltd.’s portfolio, making the stock its 28th biggest position. Lincluden Management Ltd. owned about 0.10% of Colliers International Group worth $6,545,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Plato Investment Management Ltd purchased a new position in shares of Colliers International Group in the third quarter worth about $112,000. Tobam increased its stake in Colliers International Group by 12.0% in 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 stake in Colliers International Group by 197.8% in the 3rd quarter. Blue Trust Inc. now owns 932 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 619 shares during the period. Venturi Wealth Management LLC bought a new stake in Colliers International Group in the fourth quarter valued at approximately $145,000. Finally, HighTower Advisors LLC boosted its stake in shares of Colliers International Group by 13.6% during the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 254 shares during the period. 80.09% of the stock is currently owned by institutional investors.

Colliers International Group Stock Performance

Colliers International Group stock opened at $124.71 on Tuesday. Colliers International Group Inc. has a fifty-two week low of $101.01 and a fifty-two week high of $156.96. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 39.09 and a beta of 1.49. The stock’s 50 day simple moving average is $136.01 and its two-hundred day simple moving average is $143.24. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. As a group, analysts expect that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Colliers International Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. National Bank Financial raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. began coverage on shares of Colliers International Group in a research note on Monday, December 16th. They set a “neutral” rating and a $167.00 price objective for the company. National Bankshares cut their target price on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Raymond James lowered their price target on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Finally, The Goldman Sachs Group assumed coverage on Colliers International Group in a report on Friday, December 6th. They issued a “neutral” rating and a $170.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus 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.