4,426 Shares in Colliers International Group Inc. $CIGI Acquired by Brummer Multi Strategy AB

Brummer Multi Strategy AB acquired a new stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,426 shares of the financial services provider’s stock, valued at approximately $691,000. Colliers International Group accounts for about 12.6% of Brummer Multi Strategy AB’s investment portfolio, making the stock its 3rd biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in Colliers International Group by 78.1% in the first 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 increased its holdings in shares of 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 worth $5,508,000 after acquiring an additional 505 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in Colliers International Group by 23.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,090 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 397 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Colliers International Group by 57.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,358 shares of the financial services provider’s stock valued at $961,000 after purchasing an additional 2,685 shares during the last quarter. Finally, Versor Investments LP boosted its stake in Colliers International Group by 234.5% during the 2nd quarter. Versor Investments LP now owns 5,831 shares of the financial services provider’s stock valued at $763,000 after purchasing an additional 4,088 shares during the period. 80.09% of the stock is currently owned by institutional investors.

Colliers International Group Price Performance

Shares of NASDAQ:CIGI opened at $114.13 on Friday. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 56.78 and a beta of 1.40. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.14. Colliers International Group Inc. has a 12 month low of $98.97 and a 12 month high of $171.51. The stock’s 50 day moving average price is $139.42 and its 200 day moving average price is $150.19.

Colliers International Group Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a yield of 20.0%. Colliers International Group’s dividend payout ratio (DPR) is currently 14.93%.

Analysts Set New Price Targets

Several equities research analysts have commented on CIGI shares. Raymond James Financial dropped their price target on shares of Colliers International Group from $200.00 to $185.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, February 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Colliers International Group in a report on Wednesday, January 21st. Scotiabank lowered their target price on Colliers International Group from $185.00 to $155.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. Wall Street Zen lowered Colliers International Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, National Bank Financial decreased their price target on Colliers International Group from $185.00 to $160.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $168.89.

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.