Colliers International Group (NASDAQ:CIGI) Now Covered by Citizens Jmp

Citizens Jmp started coverage on shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) in a research note released on Monday, Marketbeat.com reports. The firm issued a market perform rating on the financial services provider’s stock.

A number of other research analysts have also weighed in on the stock. Scotiabank cut their price target on shares of Colliers International Group from $165.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. JMP Securities assumed coverage on shares of Colliers International Group in a research note on Monday. They issued a “market perform” rating on the stock. 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 research note on Monday, April 28th. Finally, JPMorgan Chase & Co. cut their price target on shares of Colliers International Group from $167.00 to $142.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Colliers International Group presently has an average rating of “Moderate Buy” and an average target price of $160.80.

Colliers International Group Stock Up 1.0%

Shares of NASDAQ:CIGI opened at $139.65 on Monday. Colliers International Group has a one year low of $100.86 and a one year high of $156.96. The company has a 50 day moving average of $128.19 and a 200-day moving average of $126.86. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 49.00 and a beta of 1.39.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings data 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 return on equity of 20.20% and a net margin of 2.92%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the business earned $0.77 EPS. The firm’s revenue was up 13.9% compared to the same quarter last year. On average, sell-side analysts forecast that Colliers International Group will post 6.2 earnings per share for the current year.

Colliers International Group Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were given a $0.15 dividend. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, June 30th. Colliers International Group’s dividend payout ratio is presently 10.53%.

Hedge Funds Weigh In On Colliers International Group

A number of institutional investors have recently added to or reduced their stakes in CIGI. Central Pacific Bank Trust Division increased its holdings in shares of Colliers International Group by 10.0% in the first quarter. Central Pacific Bank Trust Division now owns 1,100 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 100 shares during the last quarter. TCTC Holdings LLC increased its holdings in shares of Colliers International Group by 114.9% in the first quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 116 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Colliers International Group by 1.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 8,094 shares of the financial services provider’s stock valued at $1,100,000 after purchasing an additional 144 shares during the last quarter. Silvercrest Asset Management Group LLC increased its holdings in shares of Colliers International Group by 0.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 34,425 shares of the financial services provider’s stock valued at $4,681,000 after purchasing an additional 151 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Colliers International Group by 13.9% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,435 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 175 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors and hedge funds.

About Colliers International Group

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.