Colliers International Group Inc. $CIGI Shares Sold by HughesLittle Investment Management Ltd.

HughesLittle Investment Management Ltd. lessened its stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 68.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,400 shares of the financial services provider’s stock after selling 9,600 shares during the quarter. Colliers International Group accounts for 0.1% of HughesLittle Investment Management Ltd.’s investment portfolio, making the stock its 12th largest position. HughesLittle Investment Management Ltd.’s holdings in Colliers International Group were worth $648,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Durable Capital Partners LP grew its position in Colliers International Group by 22.0% during the second quarter. Durable Capital Partners LP now owns 3,625,501 shares of the financial services provider’s stock worth $473,273,000 after buying an additional 652,744 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Colliers International Group by 114,621.7% during the 3rd 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 period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Colliers International Group by 732.8% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 214,234 shares of the financial services provider’s stock worth $33,498,000 after acquiring an additional 188,508 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of Colliers International Group during the 3rd quarter worth approximately $19,158,000. Finally, Citadel Advisors LLC grew its holdings in shares of Colliers International Group by 2,790.6% in the 3rd quarter. Citadel Advisors LLC now owns 94,755 shares of the financial services provider’s stock worth $14,802,000 after acquiring an additional 91,477 shares during the period. Institutional investors and hedge funds own 80.09% of the company’s stock.

Analyst Ratings Changes

CIGI has been the subject of several research analyst reports. National Bank Financial dropped their price objective on Colliers International Group from $160.00 to $143.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. Royal Bank Of Canada decreased their target price on Colliers International Group from $160.00 to $155.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. Raymond James Financial dropped their price target on Colliers International Group from $185.00 to $180.00 in a research report on Wednesday, April 29th. Zacks Research raised Colliers International Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Finally, BMO Capital Markets decreased their price objective on shares of Colliers International Group from $180.00 to $148.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $162.89.

Colliers International Group Trading Down 1.8%

Shares of CIGI opened at $92.00 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.23 and a quick ratio of 1.10. Colliers International Group Inc. has a 1-year low of $90.93 and a 1-year high of $171.51. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 56.79 and a beta of 1.31. The firm has a 50 day simple moving average of $106.89 and a 200-day simple moving average of $128.86.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Tuesday, May 5th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.01). The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Colliers International Group had a net margin of 1.45% and a return on equity of 20.31%. Colliers International Group’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 EPS. Equities analysts forecast that Colliers International Group Inc. will post 6.39 EPS for the current fiscal year.

Colliers International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, June 30th. Colliers International Group’s dividend payout ratio is currently 18.52%.

Colliers International Group Profile

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.