Colliers International Group Inc. (NASDAQ:CIGI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $176.70.

A number of equities research analysts have commented on CIGI shares. CIBC increased their price objective on shares of Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Stifel Nicolaus lifted their price objective on shares of Colliers International Group from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Wall Street Zen raised Colliers International Group from a “hold” rating to a “buy” rating in a report on Saturday. National Bankshares raised their price target on Colliers International Group from $181.00 to $185.00 in a research note on Monday, December 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colliers International Group in a report on Wednesday, October 8th.

Hedge Funds Weigh In On Colliers International Group

Several hedge funds have recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL purchased a new stake in shares of Colliers International Group during the 3rd quarter worth approximately $7,222,000. Swiss Life Asset Management Ltd acquired a new stake in Colliers International Group during the 3rd quarter worth $294,000. JPMorgan Chase & Co. lifted its position in Colliers International Group by 114,621.7% in the third quarter. JPMorgan Chase & Co. now owns 344,165 shares of the financial services provider’s stock valued at $53,762,000 after acquiring an additional 343,865 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Colliers International Group in the third quarter valued at $26,000. Finally, Verition Fund Management LLC acquired a new position in Colliers International Group in the third quarter valued at $1,145,000. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

Colliers International Group Stock Performance

Shares of Colliers International Group stock opened at $145.22 on Monday. The business has a 50-day simple moving average of $147.80 and a 200-day simple moving average of $150.60. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14. Colliers International Group has a one year low of $100.86 and a one year high of $171.51. The company has a market cap of $7.40 billion, a PE ratio of 63.42 and a beta of 1.40.

Colliers International Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, December 31st. This represents a yield of 20.0%. Colliers International Group’s payout ratio is presently 13.10%.

About Colliers International Group

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.