Colliers International Group (NASDAQ:CIGI) Price Target Raised to $195.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its target price boosted by Raymond James Financial from $180.00 to $195.00 in a research report report published on Tuesday morning,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the financial services provider’s stock.

A number of other research analysts also recently issued reports on the company. National Bankshares upped their price objective on Colliers International Group from $181.00 to $185.00 in a research note on Monday, December 15th. Stifel Nicolaus lifted their target price on Colliers International Group from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, October 8th. CIBC raised their price objective on shares of Colliers International Group from $175.00 to $179.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Finally, Wall Street Zen lowered shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Colliers International Group presently has an average rating of “Moderate Buy” and an average target price of $178.20.

Colliers International Group Stock Performance

CIGI stock opened at $140.96 on Tuesday. The firm has a market cap of $7.02 billion, a PE ratio of 61.55 and a beta of 1.40. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.27. The business has a 50 day moving average of $144.79 and a 200-day moving average of $151.74. Colliers International Group has a 12-month low of $100.86 and a 12-month high of $171.51.

Colliers International Group Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a yield of 20.0%. Colliers International Group’s dividend payout ratio is 13.10%.

Hedge Funds Weigh In On Colliers International Group

Several large investors have recently modified their holdings of CIGI. The Manufacturers Life Insurance Company boosted its position in shares of Colliers International Group by 21.3% in the second quarter. The Manufacturers Life Insurance Company now owns 903,500 shares of the financial services provider’s stock valued at $117,619,000 after acquiring an additional 158,668 shares during the period. Ceredex Value Advisors LLC increased its holdings in Colliers International Group by 2.9% during the 2nd quarter. Ceredex Value Advisors LLC now owns 84,045 shares of the financial services provider’s stock worth $10,971,000 after acquiring an additional 2,350 shares during the period. Fort Washington Investment Advisors Inc. OH increased its holdings in Colliers International Group by 7.8% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 128,766 shares of the financial services provider’s stock worth $16,809,000 after acquiring an additional 9,357 shares during the period. Cidel Asset Management Inc. lifted its stake in Colliers International Group by 1.4% in the 2nd quarter. Cidel Asset Management Inc. now owns 129,280 shares of the financial services provider’s stock worth $16,881,000 after purchasing an additional 1,756 shares in the last quarter. Finally, Argent Capital Management LLC boosted its holdings in Colliers International Group by 9.0% in the 2nd quarter. Argent Capital Management LLC now owns 45,208 shares of the financial services provider’s stock valued at $5,901,000 after purchasing an additional 3,717 shares during the period. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Colliers International Group Company Profile

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.