Colliers International Group Inc. (NASDAQ:CIGI) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 17.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,304 shares of the financial services provider’s stock after selling 2,588 shares during the quarter. Russell Investments Group Ltd.’s holdings in Colliers International Group were worth $1,564,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Colliers International Group by 28.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,758 shares of the financial services provider’s stock valued at $742,000 after acquiring an additional 1,734 shares during the period. Compass Ion Advisors LLC acquired a new stake in Colliers International Group during the 3rd quarter worth $219,000. Barclays PLC grew its position in Colliers International Group by 11.5% during the 3rd quarter. Barclays PLC now owns 7,546 shares of the financial services provider’s stock worth $719,000 after purchasing an additional 780 shares during the last quarter. Swiss National Bank increased its stake in Colliers International Group by 10.9% in the third quarter. Swiss National Bank now owns 91,600 shares of the financial services provider’s stock valued at $8,797,000 after purchasing an additional 9,000 shares during the period. Finally, Shell Asset Management Co. raised its holdings in shares of Colliers International Group by 30.4% in the third quarter. Shell Asset Management Co. now owns 3,431 shares of the financial services provider’s stock valued at $328,000 after buying an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CIGI. BMO Capital Markets upped their price objective on Colliers International Group from $129.00 to $137.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Raymond James lifted their price objective on shares of Colliers International Group from $140.00 to $145.00 and gave the company a “strong-buy” rating in a research report on Friday, February 9th. Stifel Nicolaus upped their price objective on shares of Colliers International Group from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Scotiabank lowered their target price on shares of Colliers International Group from $140.00 to $135.00 and set a “sector outperform” rating on the stock in a report on Wednesday, April 17th. Finally, Royal Bank of Canada cut their price target on shares of Colliers International Group from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Colliers International Group has a consensus rating of “Moderate Buy” and a consensus target price of $137.57.

Colliers International Group Stock Down 0.2 %

Shares of NASDAQ CIGI opened at $116.59 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.15. The firm has a 50-day moving average price of $114.70 and a 200 day moving average price of $113.86. Colliers International Group Inc. has a 52 week low of $83.38 and a 52 week high of $131.05. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 56.87 and a beta of 1.50.

Colliers International Group Announces Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.15 per share. This represents a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, June 28th. Colliers International Group’s dividend payout ratio (DPR) is 14.63%.

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.