Raymond James Financial Issues Positive Forecast for Colliers International Group (NASDAQ:CIGI) Stock Price

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective boosted by Raymond James Financial from $180.00 to $195.00 in a research report released on Tuesday,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the financial services provider’s stock.

Several other research firms have also issued reports on CIGI. National Bankshares raised their price objective on Colliers International Group from $181.00 to $185.00 in a research note on Monday, December 15th. CIBC raised their price target on Colliers International Group from $175.00 to $179.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Stifel Nicolaus boosted their price objective on shares of Colliers International Group from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $178.20.

Colliers International Group Stock Performance

Colliers International Group stock opened at $143.00 on Tuesday. The company’s 50-day moving average price is $145.10 and its 200-day moving average price is $151.87. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.27. The company has a market cap of $7.12 billion, a PE ratio of 62.45 and a beta of 1.40. Colliers International Group has a twelve month low of $100.86 and a twelve month high of $171.51.

Colliers International Group Announces Dividend

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

Institutional Trading of Colliers International Group

A number of large investors have recently modified their holdings of CIGI. Louisbourg Investments Inc. increased its holdings in Colliers International Group by 10.5% during the 4th quarter. Louisbourg Investments Inc. now owns 51,772 shares of the financial services provider’s stock worth $7,620,000 after purchasing an additional 4,925 shares during the period. Cooper Investors PTY Ltd. grew its position in shares of Colliers International Group by 0.4% during the 4th quarter. Cooper Investors PTY Ltd. now owns 30,217 shares of the financial services provider’s stock worth $4,442,000 after buying an additional 114 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its stake in shares of Colliers International Group by 22.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 197,135 shares of the financial services provider’s stock valued at $28,981,000 after buying an additional 35,517 shares during the period. Central Pacific Bank Trust Division increased its stake in shares of Colliers International Group by 27.1% during the fourth quarter. Central Pacific Bank Trust Division now owns 1,362 shares of the financial services provider’s stock valued at $200,000 after buying an additional 290 shares during the period. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Colliers International Group in the third quarter valued at about $7,222,000. Hedge funds and other institutional investors own 80.09% of the company’s stock.

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.