Gotham Asset Management LLC Has $375,000 Stake in Colliers International Group Inc. (NASDAQ:CIGI)

Gotham Asset Management LLC increased its stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 26.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,761 shares of the financial services provider’s stock after acquiring an additional 583 shares during the quarter. Gotham Asset Management LLC’s holdings in Colliers International Group were worth $375,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Tobam increased its stake in Colliers International Group by 12.0% during the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 98 shares in the last quarter. Plato Investment Management Ltd boosted its holdings in shares of Colliers International Group by 16.0% in the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock worth $117,000 after buying an additional 118 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Colliers International Group by 1.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 8,094 shares of the financial services provider’s stock worth $1,100,000 after buying an additional 144 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Colliers International Group by 2.5% in the 4th quarter. Alliancebernstein L.P. now owns 7,474 shares of the financial services provider’s stock worth $1,016,000 after buying an additional 180 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Colliers International Group by 1,752.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider’s stock worth $43,000 after buying an additional 298 shares during the last quarter. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Trading Up 1.0%

Shares of CIGI opened at $125.59 on Wednesday. The business’s 50-day moving average price is $119.37 and its 200-day moving average price is $132.08. Colliers International Group Inc. has a twelve month low of $100.86 and a twelve month high of $156.96. The stock has a market cap of $6.19 billion, a PE ratio of 39.37 and a beta of 1.38. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.04). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the company earned $0.77 earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis. On average, equities analysts forecast that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Colliers International Group Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a $0.15 dividend. This represents a dividend yield of 0.2%. The ex-dividend date is Monday, June 30th. Colliers International Group’s payout ratio is 10.53%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CIGI. Stifel Nicolaus cut their price target on shares of Colliers International Group from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Monday, April 28th. BMO Capital Markets dropped their price objective on shares of Colliers International Group from $177.00 to $172.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. Royal Bank of Canada upped their price objective on shares of Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Cibc World Mkts raised shares of Colliers International Group to a “strong-buy” rating in a report on Tuesday, March 4th. Finally, The Goldman Sachs Group dropped their price objective on shares of Colliers International Group from $165.00 to $145.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Colliers International Group has a consensus rating of “Moderate Buy” and a consensus target price of $160.80.

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.