Silvercrest Asset Management Group LLC Acquires 151 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Silvercrest Asset Management Group LLC increased its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,425 shares of the financial services provider’s stock after buying an additional 151 shares during the period. Silvercrest Asset Management Group LLC owned 0.07% of Colliers International Group worth $4,681,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CIGI. FIL Ltd boosted its holdings in Colliers International Group by 116.5% in the 4th quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider’s stock worth $210,449,000 after buying an additional 832,583 shares during the period. Norges Bank bought a new position in Colliers International Group in the 4th quarter worth approximately $74,615,000. Artisan Partners Limited Partnership boosted its holdings in Colliers International Group by 67.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider’s stock worth $59,320,000 after buying an additional 176,232 shares during the period. Durable Capital Partners LP boosted its holdings in Colliers International Group by 4.0% in the 4th quarter. Durable Capital Partners LP now owns 2,644,327 shares of the financial services provider’s stock worth $359,549,000 after buying an additional 102,586 shares during the period. Finally, Nuveen Asset Management LLC boosted its holdings in Colliers International Group by 288.0% in the 4th quarter. Nuveen Asset Management LLC now owns 126,451 shares of the financial services provider’s stock worth $17,187,000 after buying an additional 93,864 shares during the period. 80.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Scotiabank cut their price target on shares of Colliers International Group from $165.00 to $155.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. Raymond James cut their price target on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, February 7th. The Goldman Sachs Group cut their price target on shares of Colliers International Group from $165.00 to $145.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. National Bankshares cut their price target on shares of Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Finally, Royal Bank of Canada raised their price target on shares of Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $160.80.

Colliers International Group Stock Performance

NASDAQ CIGI opened at $124.37 on Tuesday. Colliers International Group Inc. has a 52-week low of $100.86 and a 52-week high of $156.96. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $6.13 billion, a P/E ratio of 38.99 and a beta of 1.38. The company has a fifty day moving average of $119.24 and a 200-day moving average of $132.13.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm posted $0.77 earnings per share. The business’s revenue was up 13.9% on a year-over-year basis. As a group, equities research analysts predict that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Colliers International Group Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be given a $0.15 dividend. This represents a yield of 0.2%. The ex-dividend date of this dividend is Monday, June 30th. Colliers International Group’s payout ratio is presently 10.53%.

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.