Colliers International Group Inc Plans Semiannual Dividend of $0.05 (CIGI)
Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) announced a semiannual dividend on Friday, May 19th. Shareholders of record on Friday, June 30th will be paid a dividend of 0.05 per share by the financial services provider on Wednesday, July 12th. This represents a dividend yield of 0.19%. The ex-dividend date of this dividend is Wednesday, June 28th.
Shares of Colliers International Group (NASDAQ:CIGI) traded up 0.88% during midday trading on Friday, hitting $51.70. 28,348 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $49.74 and its 200 day moving average price is $42.37. Colliers International Group has a one year low of $32.93 and a one year high of $55.05. The firm has a market cap of $2.01 billion, a PE ratio of 26.66 and a beta of 1.48.
Colliers International Group (NASDAQ:CIGI) last posted its quarterly earnings data on Tuesday, May 2nd. The financial services provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.11. Colliers International Group had a net margin of 3.17% and a return on equity of 52.27%. The company had revenue of $422.80 million during the quarter, compared to the consensus estimate of $404.95 million. During the same quarter in the prior year, the company posted $0.19 EPS. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. Equities research analysts forecast that Colliers International Group will post $2.82 EPS for the current year.
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CIGI has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $76.00 price objective on shares of Colliers International Group in a research note on Wednesday, April 12th. Royal Bank of Canada reaffirmed a “buy” rating and set a $50.00 price objective on shares of Colliers International Group in a research note on Wednesday, April 5th. CIBC raised shares of Colliers International Group from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, February 16th. Finally, TheStreet raised shares of Colliers International Group from a “c+” rating to a “b” rating in a research note on Thursday, February 16th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $65.60.
A number of institutional investors have recently added to or reduced their stakes in CIGI. Geode Capital Management LLC boosted its position in Colliers International Group by 25.3% in the first quarter. Geode Capital Management LLC now owns 20,840 shares of the financial services provider’s stock worth $984,000 after buying an additional 4,214 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Colliers International Group by 21.4% in the first quarter. Dimensional Fund Advisors LP now owns 73,251 shares of the financial services provider’s stock worth $3,457,000 after buying an additional 12,913 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Colliers International Group by 6.0% in the first quarter. Vanguard Group Inc. now owns 770,073 shares of the financial services provider’s stock worth $36,347,000 after buying an additional 43,721 shares in the last quarter. Hedge funds and other institutional investors own 60.88% of the company’s stock.
Colliers International Group Company Profile
Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. Its segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.
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