Cooper Investors PTY Ltd. Cuts Position in Colliers International Group Inc. $CIGI

Cooper Investors PTY Ltd. reduced its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 40.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,103 shares of the financial services provider’s stock after selling 20,195 shares during the period. Colliers International Group makes up approximately 1.3% of Cooper Investors PTY Ltd.’s holdings, making the stock its 29th largest holding. Cooper Investors PTY Ltd. owned approximately 0.06% of Colliers International Group worth $4,702,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Canoe Financial LP lifted its position in Colliers International Group by 10.8% during the third quarter. Canoe Financial LP now owns 40,180 shares of the financial services provider’s stock valued at $6,283,000 after buying an additional 3,901 shares in the last quarter. Aaron Wealth Advisors LLC purchased a new position in shares of Colliers International Group in the 3rd quarter valued at $227,000. Tower Research Capital LLC TRC purchased a new position in shares of Colliers International Group in the 2nd quarter valued at $96,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Colliers International Group by 7.8% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 25,726 shares of the financial services provider’s stock valued at $3,368,000 after acquiring an additional 1,859 shares in the last quarter. Finally, Durable Capital Partners LP boosted its position in Colliers International Group by 22.0% during the 2nd quarter. Durable Capital Partners LP now owns 3,625,501 shares of the financial services provider’s stock worth $473,273,000 after purchasing an additional 652,744 shares during the period. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Stock Up 0.6%

Shares of NASDAQ:CIGI opened at $149.95 on Friday. The firm has a market cap of $7.64 billion, a PE ratio of 65.48 and a beta of 1.39. The company has a fifty day simple moving average of $149.56 and a 200 day simple moving average of $149.47. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27. Colliers International Group Inc. has a 12-month low of $100.86 and a 12-month high of $171.51.

Colliers International Group Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be paid a $0.15 dividend. This represents a dividend yield of 21.0%. The ex-dividend date is Wednesday, December 31st. Colliers International Group’s dividend payout ratio is 13.10%.

Analyst Upgrades and Downgrades

CIGI has been the topic of several research reports. CIBC raised their price objective on Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. National Bankshares raised their target price on Colliers International Group from $181.00 to $185.00 in a report on Monday, December 15th. Stifel Nicolaus boosted their price target on Colliers International Group from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, October 8th. Finally, Scotiabank lifted their price objective on shares of Colliers International Group from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $176.70.

Colliers International Group Profile

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.