Colliers International Group Inc. $CIGI Shares Sold by HughesLittle Investment Management Ltd.

HughesLittle Investment Management Ltd. decreased its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 68.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,400 shares of the financial services provider’s stock after selling 9,600 shares during the quarter. Colliers International Group accounts for approximately 0.1% of HughesLittle Investment Management Ltd.’s portfolio, making the stock its 12th largest position. HughesLittle Investment Management Ltd.’s holdings in Colliers International Group were worth $648,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in Colliers International Group by 26.3% during the second quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock worth $40,000 after buying an additional 63 shares during the period. Stonegate Investment Group LLC boosted its holdings in shares of Colliers International Group by 4.2% in the third quarter. Stonegate Investment Group LLC now owns 1,900 shares of the financial services provider’s stock valued at $297,000 after acquiring an additional 76 shares during the period. Cooper Investors PTY Ltd. boosted its holdings in shares of Colliers International Group by 0.4% in the fourth quarter. Cooper Investors PTY Ltd. now owns 30,217 shares of the financial services provider’s stock valued at $4,442,000 after acquiring an additional 114 shares during the period. Versor Investments LP grew its position in shares of Colliers International Group by 6.2% during the fourth quarter. Versor Investments LP now owns 2,415 shares of the financial services provider’s stock worth $355,000 after acquiring an additional 142 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Colliers International Group during the third quarter worth approximately $26,000. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Royal Bank Of Canada reduced their price target on shares of Colliers International Group from $160.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. 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. Scotia dropped their price objective on shares of 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. Weiss Ratings cut shares of Colliers International Group from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 11th. Finally, Scotiabank decreased their target price on shares of Colliers International Group from $185.00 to $155.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.89.

Colliers International Group Trading Down 1.8%

NASDAQ CIGI opened at $92.00 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.23 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $4.70 billion, a P/E ratio of 56.79 and a beta of 1.31. Colliers International Group Inc. has a 52-week low of $90.93 and a 52-week high of $171.51. The firm has a 50-day moving average price of $106.89 and a 200 day moving average price of $128.86.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data 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 net margin of 1.45% and a return on equity of 20.31%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the firm posted $0.87 EPS. Colliers International Group’s revenue for the quarter was up 15.1% compared to the same quarter last year. Equities research analysts expect that Colliers International Group Inc. will post 6.39 EPS for the current year.

Colliers International Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.7%. Colliers International Group’s 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.