Colliers International Group Inc. (NASDAQ:CIGI) Short Interest Up 9.8% in December

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 355,700 shares, a growth of 9.8% from the December 15th total of 323,900 shares. Based on an average daily trading volume, of 98,500 shares, the short-interest ratio is currently 3.6 days.

Institutional Investors Weigh In On Colliers International Group

Several institutional investors have recently bought and sold shares of CIGI. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Colliers International Group by 26.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 124 shares during the last quarter. King Luther Capital Management Corp grew its position in Colliers International Group by 1.2% in the third quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider’s stock valued at $2,222,000 after purchasing an additional 178 shares in the last quarter. HighTower Advisors LLC increased its stake in 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 buying an additional 254 shares during the last quarter. Whittier Trust Co. lifted its position in 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 buying an additional 277 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Colliers International Group by 3.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,346 shares of the financial services provider’s stock worth $1,420,000 after buying an additional 291 shares during the last quarter. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Trading Up 0.8 %

Shares of CIGI stock traded up $1.06 on Friday, hitting $137.91. The stock had a trading volume of 50,896 shares, compared to its average volume of 87,159. The firm has a market cap of $6.96 billion, a P/E ratio of 43.92 and a beta of 1.49. Colliers International Group has a twelve month low of $101.01 and a twelve month high of $156.96. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42. The company has a fifty day moving average price of $142.42 and a two-hundred day moving average price of $141.58.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the business earned $1.10 EPS. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, analysts forecast that Colliers International Group will post 5.41 earnings per share for the current fiscal year.

Colliers International Group Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on CIGI shares. 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. Royal Bank of Canada raised their target price on Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Scotiabank boosted their price target on Colliers International Group from $155.00 to $167.50 and gave the stock a “sector outperform” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. assumed coverage on Colliers International Group in a report on Monday, December 16th. They set a “neutral” rating and a $167.00 price objective on the stock. Finally, The Goldman Sachs Group started coverage on shares of Colliers International Group in a research note on Friday, December 6th. They issued a “neutral” rating and a $170.00 target price on the stock. Four research 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 company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.44.

About Colliers International Group

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.