Renaissance Group LLC lifted its holdings in shares of Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) by 2.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,964 shares of the financial services provider’s stock after purchasing an additional 217 shares during the period. Renaissance Group LLC’s holdings in Colliers International Group were worth $665,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of CIGI. Wells Fargo & Company MN increased its position in Colliers International Group by 94.1% in the 3rd quarter. Wells Fargo & Company MN now owns 3,165 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 1,534 shares during the period. FMR LLC grew its holdings in shares of Colliers International Group by 91.8% in the 3rd quarter. FMR LLC now owns 10,254 shares of the financial services provider’s stock worth $794,000 after acquiring an additional 4,907 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Colliers International Group in the 3rd quarter worth $671,000. Nordea Investment Management AB acquired a new position in shares of Colliers International Group in the 3rd quarter worth $5,822,000. Finally, Vanguard Group Inc. grew its holdings in shares of Colliers International Group by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 944,967 shares of the financial services provider’s stock worth $73,282,000 after acquiring an additional 38,283 shares during the last quarter. Institutional investors own 67.97% of the company’s stock.
CIGI traded up $0.26 on Friday, hitting $61.88. 33,700 shares of the stock traded hands, compared to its average volume of 57,704. Colliers International Group Inc has a 52 week low of $52.01 and a 52 week high of $84.20. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.59. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 25.26 and a beta of 1.49.
Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Friday, April 26th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.23). The firm had revenue of $635.10 million for the quarter, compared to the consensus estimate of $628.75 million. Colliers International Group had a net margin of 3.24% and a return on equity of 25.61%. The company’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 earnings per share. Equities research analysts expect that Colliers International Group Inc will post 3.11 EPS for the current year.
The business also recently disclosed a semiannual dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.05 per share. This represents a yield of 0.16%. The ex-dividend date of this dividend is Thursday, June 27th. Colliers International Group’s payout ratio is 4.08%.
CIGI has been the subject of several recent analyst reports. Zacks Investment Research cut Colliers International Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 16th. William Blair reaffirmed an “outperform” rating on shares of Colliers International Group in a research report on Wednesday, February 13th. JMP Securities raised Colliers International Group from a “market perform” rating to an “outperform” rating and set a $63.66 price objective for the company in a research report on Monday, February 4th. Royal Bank of Canada reduced their price target on Colliers International Group from $87.00 to $83.00 and set an “outperform” rating for the company in a research report on Tuesday, April 30th. Finally, BidaskClub upgraded Colliers International Group from a “sell” rating to a “hold” rating in a research note on Friday, March 29th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $77.67.
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About Colliers International Group
Colliers International Group Inc provides commercial real estate services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, Asia, Australasia, and internationally. The company offers sales brokerage services, which include purchases and sales, debt placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and lease brokerage services comprising landlord and tenant representation services.
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