Hantz Financial Services Inc. reduced its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 43.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,978 shares of the financial services provider's stock after selling 3,043 shares during the quarter. Hantz Financial Services Inc.'s holdings in Colliers International Group were worth $541,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CIGI. Janus Henderson Group PLC bought a new position in shares of Colliers International Group during the 3rd quarter valued at approximately $69,920,000. Franklin Resources Inc. increased its position in Colliers International Group by 100.8% during the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock valued at $102,261,000 after acquiring an additional 340,691 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of Colliers International Group by 91.3% in the second quarter. Clearbridge Investments LLC now owns 310,602 shares of the financial services provider's stock valued at $34,677,000 after acquiring an additional 148,265 shares during the period. Loomis Sayles & Co. L P lifted its holdings in shares of Colliers International Group by 55.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider's stock worth $54,461,000 after acquiring an additional 128,005 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Colliers International Group by 114.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 161,800 shares of the financial services provider's stock worth $24,552,000 after purchasing an additional 86,469 shares during the period. 80.09% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ CIGI opened at $142.35 on Friday. The company has a market cap of $7.02 billion, a PE ratio of 45.33 and a beta of 1.49. The firm's 50 day moving average price is $141.55 and its 200-day moving average price is $143.13. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17. Colliers International Group Inc. has a 52-week low of $101.01 and a 52-week high of $156.96.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.17). The company had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The company's revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 earnings per share. Sell-side analysts forecast that Colliers International Group Inc. will post 5.41 EPS for the current fiscal year.
The company also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a $0.15 dividend. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, December 31st. Colliers International Group's dividend payout ratio is currently 9.55%.
CIGI has been the subject of several analyst reports. JPMorgan Chase & Co. assumed coverage on shares of Colliers International Group in a research note on Monday, December 16th. They issued a "neutral" rating and a $167.00 price objective for the company. National Bank Financial upgraded Colliers International Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 5th. The Goldman Sachs Group assumed coverage on 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. Royal Bank of Canada upped their price target on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. Finally, Scotiabank decreased their price objective on shares of Colliers International Group from $172.50 to $170.00 and set a "sector outperform" rating for the company in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $164.63.
Check Out Our Latest Research Report on CIGI
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.
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