Addenda Capital Inc. Purchases 12,415 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Addenda Capital Inc. grew its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 7.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 175,780 shares of the financial services provider’s stock after buying an additional 12,415 shares during the quarter. Colliers International Group accounts for approximately 1.1% of Addenda Capital Inc.’s investment portfolio, making the stock its 25th biggest holding. Addenda Capital Inc.’s holdings in Colliers International Group were worth $23,901,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CIGI. Whittier Trust Co. of Nevada Inc. grew its position in Colliers International Group by 26.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 124 shares in the last quarter. Plato Investment Management Ltd acquired a new position in shares of Colliers International Group during the 3rd quarter worth about $112,000. Blue Trust Inc. grew its holdings in shares of Colliers International Group by 197.8% in the 3rd quarter. Blue Trust Inc. now owns 932 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 619 shares in the last quarter. Stonegate Investment Group LLC acquired a new stake in shares of Colliers International Group in the third quarter valued at about $264,000. Finally, HighTower Advisors LLC increased its position in shares of Colliers International Group by 13.6% in the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 254 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CIGI shares. National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. initiated coverage on shares of Colliers International Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $167.00 target price for the company. StockNews.com downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Royal Bank of Canada increased their price target on shares of Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group assumed coverage on shares of Colliers International Group in a report on Friday, December 6th. They issued a “neutral” rating and a $170.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $162.44.

Colliers International Group Stock Performance

NASDAQ CIGI opened at $137.91 on Tuesday. The stock has a market cap of $6.96 billion, a PE ratio of 43.92 and a beta of 1.49. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a 50-day moving average of $142.17 and a 200-day moving average of $141.96. Colliers International Group Inc. has a 52-week low of $101.01 and a 52-week high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 EPS. On average, sell-side analysts anticipate that Colliers International Group Inc. will post 5.41 EPS for the current year.

Colliers International Group Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.15 per share. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, December 31st. Colliers International Group’s dividend payout ratio is currently 9.55%.

Colliers International Group Company Profile

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.