Colliers International Group Inc. $CIGI Shares Bought by TD Asset Management Inc

TD Asset Management Inc increased its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 248,342 shares of the financial services provider’s stock after acquiring an additional 10,559 shares during the period. TD Asset Management Inc’s holdings in Colliers International Group were worth $38,843,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CIGI. Intact Investment Management Inc. raised its stake in Colliers International Group by 19.3% during the 3rd quarter. Intact Investment Management Inc. now owns 75,180 shares of the financial services provider’s stock valued at $11,759,000 after acquiring an additional 12,140 shares in the last quarter. Cidel Asset Management Inc. raised its stake in shares of Colliers International Group by 3.7% during the third quarter. Cidel Asset Management Inc. now owns 134,127 shares of the financial services provider’s stock valued at $20,982,000 after purchasing an additional 4,847 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Colliers International Group during the third quarter valued at about $19,158,000. Brummer Multi Strategy AB acquired a new stake in Colliers International Group in the third quarter worth about $691,000. Finally, The Manufacturers Life Insurance Company grew its position in Colliers International Group by 21.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 903,500 shares of the financial services provider’s stock valued at $117,619,000 after buying an additional 158,668 shares in the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

Colliers International Group Price Performance

Shares of NASDAQ:CIGI opened at $118.73 on Friday. Colliers International Group Inc. has a one year low of $98.97 and a one year high of $171.51. The stock has a fifty day moving average of $136.51 and a 200-day moving average of $148.85. The company has a market capitalization of $5.91 billion, a PE ratio of 59.07 and a beta of 1.40. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.14 and a current ratio of 1.10.

Colliers International Group Announces Dividend

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

Analyst Ratings Changes

A number of analysts have commented on CIGI shares. Wall Street Zen downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. National Bank Financial lowered their price objective on shares of Colliers International Group from $185.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. Royal Bank Of Canada cut their target price on Colliers International Group from $190.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Stifel Nicolaus lowered their price target on Colliers International Group from $195.00 to $175.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Colliers International Group in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $168.89.

Colliers International Group 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.