Colliers International Group Inc. (NASDAQ:CIGI) Position Raised by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH grew its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 9.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 119,409 shares of the financial services provider’s stock after purchasing an additional 10,300 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Colliers International Group were worth $14,484,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. FIL Ltd increased its holdings in shares of 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 acquiring an additional 832,583 shares during the period. Norges Bank acquired a new stake in shares of Colliers International Group in the fourth quarter valued at approximately $74,615,000. Artisan Partners Limited Partnership raised its holdings in shares of Colliers International Group by 67.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider’s stock valued at $59,320,000 after buying an additional 176,232 shares during the last quarter. Durable Capital Partners LP raised its holdings in shares of Colliers International Group by 4.0% during the fourth quarter. Durable Capital Partners LP now owns 2,644,327 shares of the financial services provider’s stock valued at $359,549,000 after buying an additional 102,586 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of Colliers International Group by 288.0% during the fourth 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. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Price Performance

Shares of NASDAQ CIGI opened at $129.82 on Friday. Colliers International Group Inc. has a twelve month low of $100.86 and a twelve month high of $156.96. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. The firm has a 50-day moving average of $119.88 and a two-hundred day moving average of $129.27. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 40.70 and a beta of 1.39.

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

Colliers International Group Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, June 30th. This represents a dividend yield of 0.2%. Colliers International Group’s dividend payout ratio (DPR) is presently 10.53%.

Analysts Set New Price Targets

CIGI has been the topic of several analyst reports. Scotiabank lowered their target price on Colliers International Group from $165.00 to $155.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 7th. CIBC initiated coverage on Colliers International Group in a report on Tuesday, March 4th. They set a “sector outperform” rating and a $160.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Colliers International Group from $167.00 to $142.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. William Blair reiterated an “outperform” rating on shares of Colliers International Group in a research report on Friday, February 28th. Finally, Wall Street Zen cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. Four 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 company’s stock. According to MarketBeat.com, Colliers International Group currently has an average rating of “Moderate Buy” and an average price target of $160.80.

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.