Van Berkom & Associates Inc. Makes New Investment in Colliers International Group Inc. $CIGI

Van Berkom & Associates Inc. purchased a new position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 41,351 shares of the financial services provider’s stock, valued at approximately $4,412,000.

A number of other hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Colliers International Group during the third quarter valued at about $26,000. Arax Advisory Partners grew its stake in shares of Colliers International Group by 137.0% in the fourth quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 126 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Colliers International Group in the fourth quarter worth about $32,000. JPMorgan Chase & Co. purchased a new position in Colliers International Group during the 2nd quarter valued at about $39,000. Finally, EverSource Wealth Advisors LLC raised its position in Colliers International Group by 26.3% during 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. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Colliers International Group Stock Performance

Shares of CIGI opened at $101.92 on Monday. The company has a 50-day simple moving average of $95.78 and a two-hundred day simple moving average of $112.25. 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 firm has a market capitalization of $5.21 billion, a PE ratio of 62.91 and a beta of 1.26. Colliers International Group Inc. has a one year low of $88.38 and a one year high of $171.51.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted 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). Colliers International Group had a return on equity of 20.31% and a net margin of 1.45%.The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the company posted $0.87 EPS. The firm’s revenue was up 15.1% on a year-over-year basis. On average, analysts anticipate that Colliers International Group Inc. will post 6.82 EPS for the current fiscal year.

Colliers International Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Colliers International Group’s dividend payout ratio is presently 18.52%.

Wall Street Analysts Forecast Growth

CIGI has been the subject of several research analyst reports. Scotia dropped 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. Zacks Research raised Colliers International Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Raymond James Financial decreased their target price on Colliers International Group from $185.00 to $180.00 in a report on Wednesday, April 29th. Royal Bank Of Canada dropped their price target on Colliers International Group from $160.00 to $155.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Finally, National Bank Financial reduced their price objective on shares of Colliers International Group from $143.00 to $109.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Colliers International Group has a consensus rating of “Moderate Buy” and a consensus price target of $159.11.

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.