23,332 Shares in Colliers International Group Inc. (NASDAQ:CIGI) Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 23,332 shares of the financial services provider’s stock, valued at approximately $3,543,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC bought a new position in shares of Colliers International Group during the third quarter worth about $69,920,000. The Manufacturers Life Insurance Company raised its holdings in Colliers International Group by 47.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,011,898 shares of the financial services provider’s stock worth $112,834,000 after purchasing an additional 326,453 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Colliers International Group by 91.3% in the 2nd quarter. Clearbridge Investments LLC now owns 310,602 shares of the financial services provider’s stock worth $34,677,000 after purchasing an additional 148,265 shares during the period. Loomis Sayles & Co. L P lifted its position in shares of 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 purchasing an additional 128,005 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of 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 purchasing an additional 86,469 shares during the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Royal Bank of Canada upped their target price on Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. The Goldman Sachs Group started coverage on Colliers International Group in a research note on Friday, December 6th. They issued a “neutral” rating and a $170.00 price target on the stock. Finally, BMO Capital Markets raised their price objective on shares of Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a research report on Friday, September 13th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.79.

Colliers International Group Trading Down 1.8 %

Shares of Colliers International Group stock opened at $145.54 on Monday. The stock has a market capitalization of $7.34 billion, a PE ratio of 46.35 and a beta of 1.47. Colliers International Group Inc. has a 52 week low of $101.01 and a 52 week high of $156.96. The stock has a 50 day moving average price of $149.86 and a two-hundred day moving average price of $137.25. 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 (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.17). The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.10 EPS. As a group, equities analysts anticipate that Colliers International Group Inc. will post 5.44 earnings per share for the current fiscal year.

Colliers International Group Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.15 per share. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, December 31st. Colliers International Group’s payout ratio is presently 9.55%.

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.