325,200 Shares in Colliers International Group Inc. $CIGI Bought by Alberta Investment Management Corp

Alberta Investment Management Corp bought a new position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) during the fourth quarter, HoldingsChannel reports. The firm bought 325,200 shares of the financial services provider’s stock, valued at approximately $47,799,000.

Other large investors also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its position in Colliers International Group by 78.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 129,415 shares of the financial services provider’s stock valued at $15,698,000 after buying an additional 56,755 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Colliers International Group by 1.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 45,408 shares of the financial services provider’s stock valued at $5,508,000 after buying an additional 505 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Colliers International Group in the 2nd quarter valued at $39,000. Arrowstreet Capital Limited Partnership raised its position in Colliers International Group by 190.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 8,055 shares of the financial services provider’s stock valued at $1,055,000 after buying an additional 5,286 shares during the last quarter. Finally, Invesco Ltd. raised its position in Colliers International Group by 0.5% in the 2nd quarter. Invesco Ltd. now owns 285,214 shares of the financial services provider’s stock valued at $37,232,000 after buying an additional 1,470 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings lowered Colliers International Group from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Stifel Nicolaus set a $175.00 target price on Colliers International Group in a research report on Friday, March 13th. National Bank Financial decreased their target price on Colliers International Group from $160.00 to $143.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Royal Bank Of Canada decreased their target price on Colliers International Group from $160.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Finally, Scotiabank decreased their target price on Colliers International Group from $185.00 to $155.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $162.89.

Colliers International Group Stock Down 2.4%

CIGI stock opened at $95.09 on Tuesday. Colliers International Group Inc. has a fifty-two week low of $90.93 and a fifty-two week high of $171.51. The stock has a fifty day moving average of $102.46 and a 200-day moving average of $120.72. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 58.70 and a beta of 1.26.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $0.91 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.01). Colliers International Group had a return on equity of 20.31% and a net margin of 1.45%.The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the business earned $0.87 EPS. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, equities research analysts predict that Colliers International Group Inc. will post 6.84 earnings per share for the current year.

Colliers International Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.60 annualized dividend and a yield of 0.6%. Colliers International Group’s dividend payout ratio (DPR) is currently 18.52%.

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.