Cibc World Market Inc. Has $32.12 Million Stake in Colliers International Group Inc. $CIGI

Cibc World Market Inc. lessened its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 6.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 205,385 shares of the financial services provider’s stock after selling 15,289 shares during the period. Cibc World Market Inc. owned 0.41% of Colliers International Group worth $32,115,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Durable Capital Partners LP increased its position in shares of Colliers International Group by 22.0% in the second quarter. Durable Capital Partners LP now owns 3,625,501 shares of the financial services provider’s stock worth $473,273,000 after purchasing an additional 652,744 shares during the period. The Manufacturers Life Insurance Company grew its stake in Colliers International Group by 21.3% during the second quarter. The Manufacturers Life Insurance Company now owns 903,500 shares of the financial services provider’s stock worth $117,619,000 after buying an additional 158,668 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of 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 acquiring an additional 2,943 shares during the period. Norges Bank acquired a new stake in shares of Colliers International Group during the 2nd quarter worth approximately $74,820,000. Finally, Mackenzie Financial Corp increased its stake in Colliers International Group by 15.5% in the second quarter. Mackenzie Financial Corp now owns 454,529 shares of the financial services provider’s stock valued at $59,507,000 after acquiring an additional 61,018 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors.

Colliers International Group Trading Down 11.2%

NASDAQ CIGI opened at $130.01 on Thursday. The firm has a market capitalization of $6.47 billion, a PE ratio of 56.77 and a beta of 1.40. The business’s 50-day moving average price is $143.60 and its two-hundred day moving average price is $151.91. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27. Colliers International Group Inc. has a 12 month low of $100.86 and a 12 month high of $171.51.

Colliers International Group Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.15 per share. This represents a yield of 20.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Colliers International Group’s dividend payout ratio is currently 13.10%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CIGI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, January 21st. National Bank Financial lifted their target price on Colliers International Group from $181.00 to $185.00 in a research report on Monday, December 15th. Raymond James Financial raised Colliers International Group from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $195.00 to $200.00 in a research note on Wednesday, February 4th. Canadian Imperial Bank of Commerce raised their price target on shares of Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Finally, Stifel Nicolaus upped their price objective on shares of Colliers International Group from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.44.

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.