Commonwealth of Pennsylvania Public School Empls Retrmt SYS Reduces Holdings in Colliers International Group Inc. $CIGI

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 67.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,332 shares of the financial services provider’s stock after selling 6,819 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Colliers International Group were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Colliers International Group by 26.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 63 shares during the last quarter. Cooper Investors PTY Ltd. lifted its stake in Colliers International Group by 0.4% in the fourth quarter. Cooper Investors PTY Ltd. now owns 30,217 shares of the financial services provider’s stock worth $4,442,000 after purchasing an additional 114 shares during the last quarter. Arax Advisory Partners lifted its stake in Colliers International Group by 137.0% in the fourth quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 126 shares during the last quarter. Versor Investments LP boosted its position in shares of Colliers International Group by 6.2% during the fourth quarter. Versor Investments LP now owns 2,415 shares of the financial services provider’s stock valued at $355,000 after buying an additional 142 shares during the period. Finally, Moneta Group Investment Advisors LLC boosted its position in shares of Colliers International Group by 8.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,975 shares of the financial services provider’s stock valued at $290,000 after buying an additional 151 shares during the period. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Colliers International Group Trading Down 0.3%

Shares of NASDAQ CIGI opened at $101.92 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.23. The business has a fifty day simple moving average of $95.78 and a two-hundred day simple moving average of $112.51. The firm has a market cap of $5.21 billion, a PE ratio of 62.91 and a beta of 1.26. Colliers International Group Inc. has a twelve month low of $88.38 and a twelve month high of $171.51.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.01). Colliers International Group had a return on equity of 20.31% and a net margin of 1.45%.The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the company posted $0.87 EPS. Colliers International Group’s quarterly revenue was up 15.1% compared to the same quarter last year. Analysts expect that Colliers International Group Inc. will post 6.82 earnings per share for the current fiscal year.

Colliers International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were issued a $0.15 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.6%. Colliers International Group’s payout ratio is currently 18.52%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CIGI. BMO Capital Markets dropped their price objective on Colliers International Group from $180.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Raymond James Financial reduced their target price on Colliers International Group from $185.00 to $180.00 in a research note on Wednesday, April 29th. Scotia decreased their target price on Colliers International Group from $155.00 to $150.00 and set a “sector outperform” rating for the company in a research report on Wednesday, April 15th. Royal Bank Of Canada decreased their target price on Colliers International Group from $160.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Finally, Zacks Research raised shares of Colliers International Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $159.11.

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.