National Bank Financial Cuts Colliers International Group (NASDAQ:CIGI) Price Target to $160.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective cut by National Bank Financial from $185.00 to $160.00 in a report released on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the financial services provider’s stock.

CIGI has been the topic of several other reports. Stifel Nicolaus lifted their target price on shares of Colliers International Group from $190.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, January 21st. Scotiabank reduced their price objective on shares of Colliers International Group from $185.00 to $155.00 and set an “outperform” rating on the stock in a research note on Tuesday. Royal Bank Of Canada decreased their price objective on Colliers International Group from $190.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Canadian Imperial Bank of Commerce raised their target price on Colliers International Group from $175.00 to $179.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Colliers International Group presently has an average rating of “Moderate Buy” and a consensus target price of $168.89.

Colliers International Group Price Performance

Colliers International Group stock opened at $115.02 on Tuesday. The stock has a 50-day moving average price of $140.05 and a two-hundred day moving average price of $150.50. Colliers International Group has a 12 month low of $98.97 and a 12 month high of $171.51. The company has a market capitalization of $5.73 billion, a PE ratio of 57.22 and a beta of 1.40. The company has a current ratio of 1.10, a quick ratio of 1.14 and a debt-to-equity ratio of 1.06.

Colliers International Group Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st were paid a $0.15 dividend. This represents a dividend yield of 20.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Colliers International Group’s payout ratio is currently 14.93%.

Institutional Investors Weigh In On Colliers International Group

A number of hedge funds have recently added to or reduced their stakes in CIGI. Invesco Ltd. boosted its holdings in shares of Colliers International Group by 2.1% during the 4th quarter. Invesco Ltd. now owns 245,824 shares of the financial services provider’s stock worth $36,139,000 after buying an additional 4,969 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of Colliers International Group during the 4th quarter valued at $312,000. Empowered Funds LLC boosted its stake in Colliers International Group by 3.1% during the fourth quarter. Empowered Funds LLC now owns 22,469 shares of the financial services provider’s stock worth $3,303,000 after acquiring an additional 669 shares in the last quarter. Toronto Dominion Bank boosted its stake in Colliers International Group by 85.5% during the fourth quarter. Toronto Dominion Bank now owns 31,625 shares of the financial services provider’s stock worth $4,649,000 after acquiring an additional 14,579 shares in the last quarter. Finally, Investment Management Corp of Ontario grew its holdings in Colliers International Group by 229.2% in the fourth quarter. Investment Management Corp of Ontario now owns 5,435 shares of the financial services provider’s stock worth $799,000 after purchasing an additional 3,784 shares during the period. 80.09% of the stock is currently owned by institutional investors.

About Colliers International Group

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.