Addenda Capital Inc. Buys 12,415 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Addenda Capital Inc. lifted its stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 7.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 175,780 shares of the financial services provider’s stock after buying an additional 12,415 shares during the period. Colliers International Group comprises approximately 1.1% of Addenda Capital Inc.’s holdings, making the stock its 25th largest holding. Addenda Capital Inc. owned approximately 0.35% of Colliers International Group worth $23,901,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Canoe Financial LP increased its position in shares of Colliers International Group by 544.7% during the 4th quarter. Canoe Financial LP now owns 40,696 shares of the financial services provider’s stock worth $5,530,000 after purchasing an additional 34,384 shares in the last quarter. Argent Capital Management LLC grew its stake in Colliers International Group by 16.5% during the fourth quarter. Argent Capital Management LLC now owns 44,807 shares of the financial services provider’s stock worth $6,092,000 after buying an additional 6,330 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Colliers International Group by 100.8% during the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock worth $102,261,000 after buying an additional 340,691 shares in the last quarter. Barclays PLC bought a new position in shares of Colliers International Group in the third quarter valued at approximately $1,629,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Colliers International Group in the 3rd quarter worth approximately $3,543,000. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Trading Up 0.8 %

NASDAQ CIGI opened at $137.91 on Tuesday. Colliers International Group Inc. has a 12 month low of $101.01 and a 12 month high of $156.96. The stock has a 50-day simple moving average of $142.17 and a 200 day simple moving average of $141.96. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $6.96 billion, a PE ratio of 43.92 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the company earned $1.10 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. Research analysts forecast that Colliers International Group Inc. will post 5.41 EPS for the current year.

Colliers International Group Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a yield of 0.2%. Colliers International Group’s payout ratio is 9.55%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Royal Bank of Canada lifted their price objective on Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. The Goldman Sachs Group assumed coverage on Colliers International Group in a report on Friday, December 6th. They issued a “neutral” rating and a $170.00 price target for the company. Scotiabank increased their price objective on shares of Colliers International Group from $155.00 to $167.50 and gave the stock a “sector outperform” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. began coverage on shares of Colliers International Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $167.00 price objective for the company. Finally, StockNews.com lowered shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.44.

Colliers International Group Company 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.