Raymond James Financial Cuts Colliers International Group (NASDAQ:CIGI) Price Target to $185.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective decreased by Raymond James Financial from $200.00 to $185.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. Raymond James Financial currently has a strong-buy rating on the financial services provider’s stock.

Several other research analysts also recently weighed in on the stock. Scotiabank decreased their price target on shares of Colliers International Group from $185.00 to $155.00 and set an “outperform” rating on the stock in a research report on Tuesday. Wall Street Zen cut Colliers International Group from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. National Bank Financial lowered their target price on Colliers International Group from $185.00 to $160.00 and set an “outperform” rating on the stock in a research report on Tuesday. Stifel Nicolaus cut their price target on Colliers International Group from $195.00 to $175.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $168.89.

Colliers International Group Price Performance

Shares of NASDAQ:CIGI opened at $115.02 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $5.73 billion, a PE ratio of 57.22 and a beta of 1.40. The firm’s 50 day moving average price is $140.05 and its 200-day moving average price is $150.50. Colliers International Group has a twelve month low of $98.97 and a twelve month high of $171.51.

Colliers International Group Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, December 31st. This represents a dividend yield of 20.0%. Colliers International Group’s dividend payout ratio (DPR) is currently 14.93%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its position in shares of Colliers International Group by 78.1% during the first quarter. Goldman Sachs Group Inc. now owns 129,415 shares of the financial services provider’s stock valued at $15,698,000 after buying an additional 56,755 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Colliers International Group by 1.1% during the first 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 valued at $5,508,000 after acquiring an additional 505 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Colliers International Group by 23.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,090 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 397 shares during the last quarter. Whittier Trust Co. lifted its stake in Colliers International Group by 10.5% in the 2nd quarter. Whittier Trust Co. now owns 5,388 shares of the financial services provider’s stock worth $703,000 after purchasing an additional 510 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Colliers International Group by 57.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,358 shares of the financial services provider’s stock valued at $961,000 after purchasing an additional 2,685 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors.

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.