Colliers International Group (NASDAQ:CIGI) Sees Strong Trading Volume on Analyst Upgrade

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) shares saw strong trading volume on Wednesday after Stifel Nicolaus raised their price target on the stock from $190.00 to $195.00. Stifel Nicolaus currently has a buy rating on the stock. 280,647 shares were traded during mid-day trading, an increase of 62% from the previous session’s volume of 172,732 shares.The stock last traded at $131.7370 and had previously closed at $128.34.

Several other analysts also recently weighed in on CIGI. Weiss Ratings restated a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, January 21st. Raymond James Financial raised Colliers International Group from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $195.00 to $200.00 in a report on Wednesday. Wall Street Zen upgraded Colliers International Group from a “hold” rating to a “buy” rating in a report on Sunday, January 25th. National Bankshares upped their target price on Colliers International Group from $181.00 to $185.00 in a research report on Monday, December 15th. Finally, CIBC increased their target price on Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $178.70.

Institutional Investors Weigh In On Colliers International Group

Several institutional investors and hedge funds have recently made changes to their positions in CIGI. Versor Investments LP boosted its holdings in Colliers International Group by 6.2% in the fourth quarter. Versor Investments LP now owns 2,415 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 142 shares during the period. First Eagle Investment Management LLC raised its holdings in shares of Colliers International Group by 82.9% during the fourth quarter. First Eagle Investment Management LLC now owns 6,234 shares of the financial services provider’s stock worth $916,000 after purchasing an additional 2,826 shares during the period. Intact Investment Management Inc. lifted its position in shares of Colliers International Group by 7.7% in the 4th quarter. Intact Investment Management Inc. now owns 80,950 shares of the financial services provider’s stock worth $11,898,000 after buying an additional 5,770 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Colliers International Group by 6.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 14,670 shares of the financial services provider’s stock worth $2,157,000 after buying an additional 854 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of Colliers International Group by 6.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,792 shares of the financial services provider’s stock valued at $1,147,000 after buying an additional 449 shares during the period. 80.09% of the stock is owned by institutional investors and hedge funds.

Colliers International Group Trading Down 0.4%

The firm has a market cap of $6.68 billion, a P/E ratio of 58.58 and a beta of 1.40. The business’s 50-day moving average is $143.89 and its two-hundred day moving average is $151.86. 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 Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.15 per share. This represents a dividend yield of 20.0%. The ex-dividend date was Wednesday, December 31st. Colliers International Group’s dividend payout ratio is presently 13.10%.

About Colliers International Group

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.