Colliers International Group (NASDAQ:CIGI) Sees Unusually-High Trading Volume – Should You Buy?

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) shares saw unusually-high trading volume on Wednesday . Approximately 174,589 shares traded hands during mid-day trading, an increase of 110% from the previous session’s volume of 83,056 shares.The stock last traded at $135.30 and had previously closed at $136.07.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CIGI. BMO Capital Markets raised their price objective on shares of Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a report on Friday, September 13th. Scotiabank boosted their price target on shares of Colliers International Group from $155.00 to $167.50 and gave the company a “sector outperform” rating in a research report on Wednesday, November 6th. National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. initiated coverage on Colliers International Group in a research note on Monday, December 16th. They set a “neutral” rating and a $167.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.44.

Colliers International Group Price Performance

The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42. The company’s 50 day moving average price is $145.35 and its 200 day moving average price is $140.47. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 42.93 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.17). The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 EPS. Equities research analysts forecast that Colliers International Group Inc. will post 5.44 earnings per share for the current year.

Colliers International Group Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 31st. This represents a dividend yield of 0.2%. Colliers International Group’s payout ratio is currently 9.55%.

Hedge Funds Weigh In On Colliers International Group

A number of large investors have recently made changes to their positions in CIGI. Whittier Trust Co. of Nevada Inc. grew its position in Colliers International Group by 26.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock worth $90,000 after buying an additional 124 shares during the period. Plato Investment Management Ltd acquired a new stake in shares of Colliers International Group in the 3rd quarter worth approximately $112,000. Blue Trust Inc. increased its stake in Colliers International Group by 197.8% in the 3rd quarter. Blue Trust Inc. now owns 932 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 619 shares in the last quarter. Stonegate Investment Group LLC acquired a new position in Colliers International Group during the third quarter worth $264,000. Finally, HighTower Advisors LLC boosted its position in Colliers International Group by 13.6% during the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 254 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

About Colliers International Group

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.