Intact Investment Management Inc. Has $11.76 Million Stock Position in Colliers International Group Inc. $CIGI

Intact Investment Management Inc. lifted its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 19.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,180 shares of the financial services provider’s stock after acquiring an additional 12,140 shares during the period. Intact Investment Management Inc. owned approximately 0.15% of Colliers International Group worth $11,759,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new position in Colliers International Group during the 2nd quarter valued at about $39,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Colliers International Group by 26.3% in the second quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 63 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Colliers International Group by 17.1% in the third quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 74 shares in the last quarter. Sagard Holdings Management Inc. purchased a new position in shares of Colliers International Group during the second quarter valued at approximately $73,000. Finally, Tower Research Capital LLC TRC bought a new stake in Colliers International Group during the second quarter worth $96,000. Institutional investors own 80.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CIGI. National Bankshares increased their price target on Colliers International Group from $181.00 to $185.00 in a research report on Monday, December 15th. Raymond James Financial upped their target price on shares of Colliers International Group from $180.00 to $195.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Stifel Nicolaus raised their price target 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. CIBC boosted their price target on shares of Colliers International Group from $175.00 to $179.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Finally, Wall Street Zen raised shares of Colliers International Group from a “hold” rating to a “buy” rating in a research report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $178.20.

Colliers International Group Price Performance

CIGI opened at $139.85 on Monday. Colliers International Group Inc. has a fifty-two week low of $100.86 and a fifty-two week high of $171.51. The firm has a 50-day moving average of $144.65 and a 200 day moving average of $152.09. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $6.96 billion, a P/E ratio of 61.07 and a beta of 1.40.

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 paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, December 31st. This represents a dividend yield of 20.0%. Colliers International Group’s dividend payout ratio (DPR) is presently 13.10%.

Colliers International Group Company 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.