Colliers International Group Inc. (NASDAQ:CIGI) Given Average Rating of “Moderate Buy” by Brokerages

Colliers International Group Inc. (NASDAQ:CIGI – Get Rating) (TSE:CIGI) has earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $137.75.

CIGI has been the subject of several recent analyst reports. TD Securities decreased their price objective on shares of Colliers International Group from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, May 3rd. StockNews.com initiated coverage on shares of Colliers International Group in a report on Thursday, May 18th. They issued a “hold” rating for the company. The Goldman Sachs Group decreased their price objective on shares of Colliers International Group from $142.00 to $128.00 and set a “buy” rating for the company in a report on Monday, April 10th. National Bankshares decreased their price objective on shares of Colliers International Group from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Wednesday, May 3rd. Finally, Raymond James decreased their price objective on shares of Colliers International Group from $160.00 to $150.00 and set a “strong-buy” rating for the company in a report on Thursday, January 26th.

Colliers International Group Price Performance

Shares of NASDAQ:CIGI opened at $94.57 on Wednesday. The firm’s 50 day moving average is $99.61 and its two-hundred day moving average is $100.51. Colliers International Group has a 52 week low of $84.16 and a 52 week high of $133.02. The firm has a market capitalization of $4.02 billion, a P/E ratio of 96.50 and a beta of 1.49. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.73.

Colliers International Group Announces Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, June 29th. This represents a dividend yield of 0.3%. Colliers International Group’s dividend payout ratio is currently 30.61%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Toroso Investments LLC bought a new position in shares of Colliers International Group during the 1st quarter valued at $265,000. Ameriprise Financial Inc. raised its holdings in Colliers International Group by 0.4% in the 1st quarter. Ameriprise Financial Inc. now owns 653,245 shares of the financial services provider’s stock worth $68,950,000 after acquiring an additional 2,388 shares during the period. Jane Street Group LLC raised its holdings in Colliers International Group by 130.7% in the 1st quarter. Jane Street Group LLC now owns 19,143 shares of the financial services provider’s stock worth $2,020,000 after acquiring an additional 10,845 shares during the period. Silvercrest Asset Management Group LLC raised its holdings in Colliers International Group by 2.1% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 70,049 shares of the financial services provider’s stock worth $7,394,000 after acquiring an additional 1,408 shares during the period. Finally, Squarepoint Ops LLC bought a new position in Colliers International Group in the 1st quarter worth $607,000. Institutional investors own 65.89% of the company’s stock.

Colliers International Group Company Profile

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Colliers International Group, Inc engages in the provision of commercial real estate services to corporate and institutional clients. It offers outsourcing and advisory services, lease brokerage, and sales brokerage. It operates through the following segments: Americas, EMEA, Asia Pacific, Investment Management, and Corporate.