Citigroup Inc. Has $8.56 Million Stake in Colliers International Group Inc. $CIGI

Citigroup Inc. boosted its stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 1,164.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,745 shares of the financial services provider’s stock after acquiring an additional 50,417 shares during the quarter. Citigroup Inc. owned 0.11% of Colliers International Group worth $8,564,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CIGI. Durable Capital Partners LP raised its stake in shares of Colliers International Group by 22.0% in the 2nd quarter. Durable Capital Partners LP now owns 3,625,501 shares of the financial services provider’s stock valued at $473,273,000 after purchasing an additional 652,744 shares during the period. Norges Bank acquired a new position in shares of Colliers International Group during the second quarter worth about $74,820,000. JPMorgan Chase & Co. grew its holdings in shares of Colliers International Group by 114,621.7% during the third quarter. JPMorgan Chase & Co. now owns 344,165 shares of the financial services provider’s stock worth $53,762,000 after buying an additional 343,865 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in Colliers International Group in the 2nd quarter valued at approximately $35,521,000. Finally, The Manufacturers Life Insurance Company raised its position in Colliers International Group by 21.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 903,500 shares of the financial services provider’s stock valued at $117,619,000 after buying an additional 158,668 shares during the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

Colliers International Group Stock Down 1.9%

Colliers International Group stock opened at $118.73 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.10. The company’s 50-day moving average is $136.51 and its 200-day moving average is $148.70. The firm has a market capitalization of $5.91 billion, a PE ratio of 59.07 and a beta of 1.41. Colliers International Group Inc. has a fifty-two week low of $98.97 and a fifty-two week high of $171.51.

Colliers International Group Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were issued 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 presently 14.93%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, January 21st. Raymond James Financial cut their price objective on shares of Colliers International Group from $200.00 to $185.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, February 17th. Wall Street Zen downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Scotiabank lowered their price target on shares of Colliers International Group from $185.00 to $155.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. Finally, Stifel Nicolaus cut their price target on shares of Colliers International Group from $195.00 to $175.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Colliers International Group has an average rating of “Moderate Buy” and an average target price of $168.89.

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.