Colliers International Group (NASDAQ:CIGI) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) from a buy rating to a hold rating in a research note released on Thursday morning.

Other equities research analysts have also issued reports about the company. National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. initiated coverage on shares of Colliers International Group in a report on Monday, December 16th. They set a “neutral” rating and a $167.00 target price on the stock. Scotiabank decreased their price target on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a report on Friday, February 7th. BMO Capital Markets lowered their price objective on shares of Colliers International Group from $177.00 to $172.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. Finally, National Bankshares cut their target price on shares of Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $168.63.

Colliers International Group Price Performance

Shares of CIGI stock opened at $128.22 on Thursday. The firm has a fifty day moving average of $135.19 and a two-hundred day moving average of $142.95. The firm has a market cap of $6.49 billion, a P/E ratio of 40.19 and a beta of 1.49. Colliers International Group has a 1-year low of $101.01 and a 1-year high of $156.96. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing analysts’ consensus estimates 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, research analysts anticipate that Colliers International Group will post 6.2 earnings per share for the current fiscal year.

Colliers International Group Announces Dividend

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

Institutional Trading of Colliers International Group

Several hedge funds have recently added to or reduced their stakes in CIGI. Franklin Resources Inc. grew its stake in shares of Colliers International Group by 100.8% in the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock worth $102,261,000 after purchasing an additional 340,691 shares in the last quarter. Empowered Funds LLC grew its position in Colliers International Group by 60.5% in the 3rd quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider’s stock valued at $1,885,000 after buying an additional 4,678 shares in the last quarter. Barclays PLC acquired a new position in Colliers International Group during the 3rd quarter valued at about $1,629,000. Thrivent Financial for Lutherans bought a new stake in shares of Colliers International Group during the 3rd quarter worth about $2,581,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Colliers International Group in the 3rd quarter worth approximately $3,543,000. Institutional investors own 80.09% of the company’s stock.

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.