Montrusco Bolton Investments Inc. Sells 1,246 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Montrusco Bolton Investments Inc. lowered its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,018 shares of the financial services provider’s stock after selling 1,246 shares during the period. Montrusco Bolton Investments Inc. owned about 0.21% of Colliers International Group worth $14,546,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. raised 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 worth $90,000 after purchasing an additional 124 shares in the last quarter. King Luther Capital Management Corp boosted its stake in shares of Colliers International Group by 1.2% in the 3rd quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider’s stock valued at $2,222,000 after purchasing an additional 178 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Colliers International Group by 13.6% during the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 254 shares in the last quarter. Whittier Trust Co. boosted its position in Colliers International Group by 8.4% in the third quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider’s stock valued at $540,000 after buying an additional 277 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Colliers International Group by 3.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,346 shares of the financial services provider’s stock valued at $1,420,000 after acquiring an additional 291 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Stock Performance

Shares of Colliers International Group stock opened at $143.70 on Wednesday. The stock’s fifty day simple moving average is $141.66 and its 200 day simple moving average is $143.02. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $7.25 billion, a PE ratio of 45.76 and a beta of 1.49. Colliers International Group Inc. has a 12 month low of $101.01 and a 12 month high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results 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). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the company posted $1.10 earnings per share. Colliers International Group’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, research analysts predict that Colliers International Group Inc. will post 5.41 EPS for the current year.

Colliers International Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Scotiabank decreased their target price on Colliers International Group from $172.50 to $170.00 and set a “sector outperform” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. started coverage on 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. Raymond James lifted their price objective on Colliers International Group from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group initiated coverage on Colliers International Group in a report on Friday, December 6th. They set a “neutral” rating and a $170.00 price objective for the company. Finally, National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $164.63.

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.