Legal & General Group Plc lifted its stake in Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) by 14.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,005 shares of the financial services provider’s stock after purchasing an additional 2,015 shares during the period. Legal & General Group Plc’s holdings in Colliers International Group were worth $757,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of CIGI. APG Asset Management N.V. raised its position in shares of Colliers International Group by 391.6% in the 1st quarter. APG Asset Management N.V. now owns 151,400 shares of the financial services provider’s stock valued at $9,010,000 after purchasing an additional 120,600 shares during the last quarter. CDAM UK Ltd purchased a new position in shares of Colliers International Group during the 1st quarter valued at approximately $16,921,000. Public Sector Pension Investment Board increased its holdings in shares of Colliers International Group by 13.5% during the 1st quarter. Public Sector Pension Investment Board now owns 86,325 shares of the financial services provider’s stock valued at $4,083,000 after purchasing an additional 10,275 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Colliers International Group by 103.8% during the 1st quarter. Franklin Resources Inc. now owns 8,247 shares of the financial services provider’s stock valued at $392,000 after purchasing an additional 4,201 shares in the last quarter. Finally, Cidel Asset Management Inc. grew its stake in Colliers International Group by 68.7% in the 1st quarter. Cidel Asset Management Inc. now owns 263,446 shares of the financial services provider’s stock valued at $12,460,000 after acquiring an additional 107,259 shares during the period. Institutional investors own 70.64% of the company’s stock.
Shares of Colliers International Group stock opened at $57.31 on Wednesday. Colliers International Group Inc has a one year low of $33.93 and a one year high of $92.07. The company has a market cap of $2.20 billion, a PE ratio of 21.63 and a beta of 1.65. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.91 and a current ratio of 0.91. The business has a 50-day simple moving average of $54.96 and a 200-day simple moving average of $65.86.
Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.37. The firm had revenue of $630.60 million during the quarter, compared to the consensus estimate of $659.68 million. Colliers International Group had a return on equity of 22.33% and a net margin of 3.49%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 earnings per share. On average, sell-side analysts predict that Colliers International Group Inc will post 1.16 earnings per share for the current fiscal year.
The company also recently disclosed a semi-annual dividend, which will be paid on Monday, July 13th. Stockholders of record on Tuesday, June 30th will be issued a $0.05 dividend. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, June 29th. Colliers International Group’s payout ratio is currently 3.89%.
Several equities research analysts have issued reports on the stock. Raymond James set a $75.00 target price on shares of Colliers International Group and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. BidaskClub lowered Colliers International Group from a “buy” rating to a “hold” rating in a report on Friday, June 26th. TheStreet lowered Colliers International Group from a “b” rating to a “c+” rating in a report on Wednesday, March 25th. reiterated a “sell” rating on shares of Colliers International Group in a report on Wednesday, June 10th. Finally, Zacks Investment Research upgraded Colliers International Group from a “sell” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Colliers International Group currently has a consensus rating of “Hold” and a consensus price target of $81.75.
About Colliers International Group
Colliers International Group Inc provides commercial real estate services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, Asia, Australasia, and internationally. The company offers sales brokerage services, which include purchases and sales, debt placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and lease brokerage services comprising landlord and tenant representation services.
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