Artisan Partners Limited Partnership Boosts Stock Holdings in Colliers International Group Inc. $CIGI

Artisan Partners Limited Partnership grew its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 16.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 519,019 shares of the financial services provider’s stock after purchasing an additional 72,570 shares during the period. Artisan Partners Limited Partnership owned approximately 1.05% of Colliers International Group worth $81,103,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its stake in Colliers International Group by 78.1% in the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Colliers International Group by 1.1% in the first 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 valued at $5,508,000 after purchasing an additional 505 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Colliers International Group by 57.5% in the second 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 in the last quarter. Versor Investments LP raised its stake in shares of 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. Finally, Bank of Montreal Can lifted its holdings in Colliers International Group by 0.4% during the 2nd quarter. Bank of Montreal Can now owns 686,130 shares of the financial services provider’s stock worth $89,830,000 after purchasing an additional 2,943 shares in the last quarter. 80.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CIGI. Stifel Nicolaus reduced their target price on Colliers International Group from $195.00 to $175.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Scotiabank reduced their price objective on shares of Colliers International Group from $185.00 to $155.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Zacks Research cut shares of Colliers International Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Weiss Ratings restated a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, January 21st. Finally, National Bank Financial lowered their price objective on Colliers International Group from $185.00 to $160.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Colliers International Group has a consensus rating of “Moderate Buy” and a consensus price target of $168.89.

Colliers International Group Price Performance

CIGI stock opened at $118.73 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.14 and a debt-to-equity ratio of 1.06. The firm’s 50-day moving average price is $136.51 and its two-hundred day moving average price is $148.85. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 59.07 and a beta of 1.40. Colliers International Group Inc. has a 12-month low of $98.97 and a 12-month high of $171.51.

Colliers International Group Dividend Announcement

The firm also recently announced 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 of this dividend was Wednesday, December 31st. This represents a dividend yield of 20.0%. Colliers International Group’s payout ratio is 14.93%.

Colliers International Group 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.