460,575 Shares in Colliers International Group Inc. (NASDAQ:CIGI) Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC purchased a new position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 460,575 shares of the financial services provider’s stock, valued at approximately $69,920,000.

A number of other hedge funds have also bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. increased its holdings in Colliers International Group by 26.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock valued at $90,000 after buying an additional 124 shares during the period. King Luther Capital Management Corp boosted its position in Colliers International Group by 1.2% during the 3rd quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider’s stock worth $2,222,000 after buying an additional 178 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Colliers International Group by 2.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,055 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 238 shares during the period. HighTower Advisors LLC boosted its position in Colliers International Group by 13.6% during the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock worth $323,000 after buying an additional 254 shares during the period. Finally, Whittier Trust Co. boosted its position in Colliers International Group by 8.4% during the 3rd quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider’s stock worth $540,000 after buying an additional 277 shares during the period. 80.09% of the stock is owned by institutional investors.

Colliers International Group Stock Performance

Shares of CIGI stock opened at $152.03 on Friday. The firm has a market capitalization of $7.47 billion, a PE ratio of 48.42 and a beta of 1.47. The firm has a fifty day simple moving average of $150.08 and a two-hundred day simple moving average of $135.40. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42. Colliers International Group Inc. has a 12 month low of $101.01 and a 12 month high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) 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 firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company earned $1.10 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. Analysts forecast that Colliers International Group Inc. will post 5.44 EPS for the current fiscal year.

Colliers International Group Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Royal Bank of Canada lifted their target price 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. Scotiabank lifted their price objective on shares of Colliers International Group from $155.00 to $167.50 and gave the company a “sector outperform” rating in a research note on Wednesday, November 6th. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. StockNews.com lowered shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, BMO Capital Markets boosted their price target on shares of Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a research note on Friday, September 13th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $160.42.

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.