Colliers International Group (NASDAQ:CIGI) Sees Unusually-High Trading Volume – Should You Buy?

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) saw unusually-high trading volume on Wednesday . Approximately 174,589 shares changed hands during mid-day trading, an increase of 110% from the previous session’s volume of 83,056 shares.The stock last traded at $135.30 and had previously closed at $136.07.

Analyst Ratings Changes

A number of research firms have commented on CIGI. BMO Capital Markets increased their price objective on shares of Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a report on Friday, September 13th. StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Royal Bank of Canada raised their price objective on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. initiated coverage on shares of Colliers International Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $167.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $162.44.

Colliers International Group Stock Performance

The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 42.93 and a beta of 1.49. The firm has a 50-day simple moving average of $145.35 and a two-hundred day simple moving average of $140.47.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.17). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the company earned $1.10 earnings per share. Colliers International Group’s quarterly revenue was up 11.7% on a year-over-year basis. On average, sell-side analysts anticipate that Colliers International Group Inc. will post 5.44 EPS for the current fiscal year.

Colliers International Group Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 31st. This represents a yield of 0.2%. Colliers International Group’s payout ratio is 9.55%.

Institutional Investors Weigh In On Colliers International Group

A number of hedge funds have recently bought and sold shares of CIGI. National Bank of Canada FI raised its holdings in Colliers International Group by 2.1% in the second quarter. National Bank of Canada FI now owns 69,729 shares of the financial services provider’s stock valued at $7,514,000 after acquiring an additional 1,465 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of Colliers International Group by 8.3% in the 2nd quarter. William Blair Investment Management LLC now owns 125,302 shares of the financial services provider’s stock valued at $13,990,000 after purchasing an additional 9,603 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Colliers International Group by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 309,260 shares of the financial services provider’s stock valued at $34,527,000 after purchasing an additional 13,678 shares in the last quarter. Bristol Gate Capital Partners Inc. grew its stake in shares of Colliers International Group by 33.6% during the second quarter. Bristol Gate Capital Partners Inc. now owns 8,848 shares of the financial services provider’s stock worth $988,000 after purchasing an additional 2,225 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in Colliers International Group by 67.3% in the second quarter. Canada Pension Plan Investment Board now owns 49,715 shares of the financial services provider’s stock valued at $5,550,000 after buying an additional 20,000 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

About Colliers International Group

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.