Thrivent Financial for Lutherans lessened its position in shares of Colliers International Group Inc. (NASDAQ:CIGI – Free Report) (TSE:CIGI) by 49.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 62,084 shares of the financial services provider’s stock after selling 60,561 shares during the quarter. Thrivent Financial for Lutherans owned about 0.12% of Colliers International Group worth $9,127,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in Colliers International Group during the 3rd quarter worth approximately $26,000. JPMorgan Chase & Co. purchased a new position in shares of Colliers International Group in the 2nd quarter valued at approximately $39,000. EverSource Wealth Advisors LLC grew its stake in shares of Colliers International Group by 26.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 63 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Colliers International Group in the 2nd quarter valued at approximately $96,000. Finally, Smithfield Trust Co purchased a new position in shares of Colliers International Group in the 3rd quarter valued at approximately $117,000. Hedge funds and other institutional investors own 80.09% of the company’s stock.
Colliers International Group Stock Up 1.2%
CIGI opened at $93.21 on Wednesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.23 and a quick ratio of 1.23. The business has a 50 day simple moving average of $105.89 and a 200-day simple moving average of $127.59. The stock has a market capitalization of $4.76 billion, a P/E ratio of 57.54 and a beta of 1.31. Colliers International Group Inc. has a 12 month low of $90.93 and a 12 month high of $171.51.
Colliers International Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Colliers International Group’s dividend payout ratio (DPR) is currently 18.52%.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Scotiabank lowered their target price on Colliers International Group from $185.00 to $155.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. Zacks Research upgraded Colliers International Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. National Bank Financial lowered their target price on Colliers International Group from $160.00 to $143.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 8th. Royal Bank Of Canada lowered their target price on Colliers International Group from $160.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Finally, Scotia lowered their target price on Colliers International Group from $155.00 to $150.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $162.89.
Read Our Latest Stock Analysis on CIGI
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.
Featured Articles
- Five stocks we like better than Colliers International Group
- HIVE Weaponizes Power for an AI Pivot
- A Deep Dive Into NVIDIA’s Latest Portfolio Moves
- Brady Corp Wires Up a Massive AI-Powered Breakout
- Why Home Depot’s Sell-Off Could Become a Huge Opportunity
Receive News & Ratings for Colliers International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colliers International Group and related companies with MarketBeat.com's FREE daily email newsletter.
