Alberta Investment Management Corp Buys 20,794 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Alberta Investment Management Corp boosted its stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 626,422 shares of the financial services provider’s stock after purchasing an additional 20,794 shares during the quarter. Alberta Investment Management Corp owned approximately 1.27% of Colliers International Group worth $85,143,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC purchased a new stake in shares of Colliers International Group in the 3rd quarter valued at about $69,920,000. Franklin Resources Inc. raised its holdings in shares of Colliers International Group by 100.8% in the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock valued at $102,261,000 after acquiring an additional 340,691 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in shares of Colliers International Group by 55.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider’s stock valued at $54,461,000 after buying an additional 128,005 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Colliers International Group by 114.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 161,800 shares of the financial services provider’s stock worth $24,552,000 after purchasing an additional 86,469 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in Colliers International Group by 93.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 121,801 shares of the financial services provider’s stock worth $18,491,000 after purchasing an additional 58,858 shares during the period. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Trading Down 0.5 %

NASDAQ CIGI opened at $131.02 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. Colliers International Group Inc. has a twelve month low of $101.01 and a twelve month high of $156.96. The firm has a market capitalization of $6.46 billion, a PE ratio of 41.07 and a beta of 1.49. The stock’s 50 day moving average is $137.89 and its 200 day moving average is $143.43.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. Research analysts forecast that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Colliers International Group Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.15 per share. This represents a yield of 0.2%. The ex-dividend date was Tuesday, December 31st. Colliers International Group’s payout ratio is 9.40%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. The Goldman Sachs Group assumed coverage on Colliers International Group in a research note on Friday, December 6th. They issued a “neutral” rating and a $170.00 price target on the stock. Royal Bank of Canada lifted their price target on Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Raymond James decreased their price target on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, National Bankshares decreased their price target on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Colliers International Group currently has a consensus rating of “Moderate Buy” and an average target price of $168.63.

Colliers International Group Profile

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.