Colliers International Group (NASDAQ:CIGI) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) in a research report sent to investors on Friday morning, MarketBeat reports. The brokerage issued a neutral rating and a $170.00 target price on the financial services provider’s stock.

A number of other brokerages have also commented on CIGI. StockNews.com lowered Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Scotiabank upped their target price on Colliers International Group from $155.00 to $167.50 and gave the stock a “sector outperform” rating in a report on Wednesday, November 6th. BMO Capital Markets upped their target price on Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a report on Friday, September 13th. Royal Bank of Canada upped their target price on Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Finally, National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.79.

Colliers International Group Stock Down 0.2 %

NASDAQ:CIGI opened at $151.79 on Friday. The stock has a market cap of $7.66 billion, a price-to-earnings ratio of 48.34 and a beta of 1.47. The stock has a 50-day moving average price of $150.15 and a two-hundred day moving average price of $135.97. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 earnings per share. As a group, equities analysts expect that Colliers International Group will post 5.44 earnings per share for the current year.

Colliers International Group Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be paid a $0.15 dividend. The ex-dividend date is Tuesday, December 31st. This represents a yield of 0.2%. Colliers International Group’s dividend payout ratio is 9.55%.

Hedge Funds Weigh In On Colliers International Group

Several institutional investors and hedge funds have recently made changes to their positions in CIGI. Franklin Resources Inc. grew its position in Colliers International Group by 100.8% during the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock worth $102,261,000 after buying an additional 340,691 shares in the last quarter. Barclays PLC acquired a new stake in Colliers International Group during the third quarter worth approximately $1,629,000. Public Employees Retirement System of Ohio acquired a new stake in Colliers International Group during the third quarter worth approximately $3,543,000. National Bank of Canada FI grew its position in Colliers International Group by 21.0% during the third quarter. National Bank of Canada FI now owns 84,362 shares of the financial services provider’s stock worth $12,806,000 after buying an additional 14,633 shares in the last quarter. Finally, Jane Street Group LLC grew its position in Colliers International Group by 10.5% during the third quarter. Jane Street Group LLC now owns 34,916 shares of the financial services provider’s stock worth $5,299,000 after buying an additional 3,314 shares in the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

About Colliers International Group

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.