Colliers International Group Inc. $CIGI Position Increased by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. increased its stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 346.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,439 shares of the financial services provider’s stock after purchasing an additional 5,771 shares during the period. Thornburg Investment Management Inc.’s holdings in Colliers International Group were worth $1,094,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CIGI. Goldman Sachs Group Inc. lifted its holdings in shares of Colliers International Group by 78.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 129,415 shares of the financial services provider’s stock worth $15,698,000 after purchasing an additional 56,755 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Colliers International Group by 1.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 45,408 shares of the financial services provider’s stock worth $5,508,000 after purchasing an additional 505 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Colliers International Group in the 2nd quarter worth approximately $39,000. Arrowstreet Capital Limited Partnership grew its holdings in Colliers International Group by 190.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 8,055 shares of the financial services provider’s stock worth $1,055,000 after buying an additional 5,286 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Colliers International Group by 0.5% in the 2nd quarter. Invesco Ltd. now owns 285,214 shares of the financial services provider’s stock worth $37,232,000 after buying an additional 1,470 shares in the last quarter. Institutional investors own 80.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CIGI shares. Raymond James Financial decreased their price objective on Colliers International Group from $185.00 to $180.00 in a report on Wednesday, April 29th. Royal Bank Of Canada decreased their price objective on Colliers International Group from $160.00 to $155.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Stifel Nicolaus set a $175.00 price objective on Colliers International Group in a report on Friday, March 13th. Scotia decreased their price objective on Colliers International Group from $155.00 to $150.00 and set a “sector outperform” rating for the company in a report on Wednesday, April 15th. Finally, National Bank Financial decreased their price objective on Colliers International Group from $160.00 to $143.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $162.89.

Colliers International Group Stock Performance

CIGI opened at $95.09 on Tuesday. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 58.70 and a beta of 1.26. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.23 and a quick ratio of 1.23. Colliers International Group Inc. has a 1-year low of $90.93 and a 1-year high of $171.51. The business has a 50 day moving average price of $102.46 and a two-hundred day moving average price of $120.72.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Tuesday, May 5th. The financial services provider reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.01). The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.26 billion. Colliers International Group had a return on equity of 20.31% and a net margin of 1.45%.The business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter last year, the company earned $0.87 earnings per share. Research analysts predict that Colliers International Group Inc. will post 6.84 EPS for the current fiscal year.

Colliers International Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, June 30th. Colliers International Group’s dividend payout ratio is 18.52%.

About Colliers International Group

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.