Alberta Investment Management Corp Boosts Stake in Colliers International Group Inc. (NASDAQ:CIGI)

Alberta Investment Management Corp lifted its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 626,422 shares of the financial services provider’s stock after purchasing an additional 20,794 shares during the quarter. Alberta Investment Management Corp’s holdings in Colliers International Group were worth $85,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Colliers International Group by 26.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 124 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in Colliers International Group during the third quarter valued at $112,000. Tobam increased its position in Colliers International Group by 12.0% during the fourth quarter. Tobam now owns 913 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 98 shares during the last quarter. Blue Trust Inc. increased its position in Colliers International Group by 197.8% during the third quarter. Blue Trust Inc. now owns 932 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 619 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in Colliers International Group during the fourth quarter valued at $145,000. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on Colliers International Group in a research report on Monday, December 16th. They set a “neutral” rating and a $167.00 price objective for the company. The Goldman Sachs Group initiated coverage on Colliers International Group in a report on Friday, December 6th. They set a “neutral” rating and a $170.00 price target for the company. Raymond James cut their price target on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Royal Bank of Canada boosted their price target on Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, National Bankshares cut their price target on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Colliers International Group currently has an average rating of “Moderate Buy” and a consensus target price of $168.63.

Colliers International Group Stock Performance

NASDAQ CIGI opened at $131.02 on Wednesday. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 41.07 and a beta of 1.49. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. The business has a 50-day moving average price of $137.89 and a 200-day moving average price of $143.43. Colliers International Group Inc. has a twelve month low of $101.01 and a twelve month high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. As a group, equities research analysts predict that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Colliers International Group Announces Dividend

The company also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.15 per share. This represents a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, December 31st. Colliers International Group’s payout ratio is presently 9.40%.

Colliers International Group Company Profile

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.