Colliers International Group Inc. $CIGI Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH trimmed its stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 6.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 184,045 shares of the financial services provider’s stock after selling 13,090 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Colliers International Group were worth $19,673,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its holdings in Colliers International Group by 78.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 129,415 shares of the financial services provider’s stock valued at $15,698,000 after purchasing an additional 56,755 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Colliers International Group by 1.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 45,408 shares of the financial services provider’s stock worth $5,508,000 after purchasing an additional 505 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Colliers International Group during the second quarter worth $39,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Colliers International Group by 190.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 8,055 shares of the financial services provider’s stock worth $1,055,000 after buying an additional 5,286 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Colliers International Group by 0.5% during the second quarter. Invesco Ltd. now owns 285,214 shares of the financial services provider’s stock worth $37,232,000 after buying an additional 1,470 shares during the period. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Stock Performance

NASDAQ:CIGI opened at $92.67 on Monday. Colliers International Group Inc. has a 52 week low of $88.38 and a 52 week high of $171.51. The company has a fifty day simple moving average of $98.92 and a two-hundred day simple moving average of $117.39. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.23. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 57.20 and a beta of 1.26.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.01). The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.26 billion. Colliers International Group had a net margin of 1.45% and a return on equity of 20.31%. The firm’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.87 earnings per share. As a group, equities analysts anticipate that Colliers International Group Inc. will post 6.82 earnings per share for the current fiscal year.

Colliers International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.60 annualized dividend and a yield of 0.6%. Colliers International Group’s dividend payout ratio is 18.52%.

Wall Street Analyst Weigh In

CIGI has been the subject of a number of research reports. Scotia dropped their price objective on Colliers International Group from $155.00 to $150.00 and set a “sector outperform” rating for the company in a research note on Wednesday, April 15th. Zacks Research raised Colliers International Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. National Bank Financial lowered their target price on Colliers International Group from $160.00 to $143.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. Stifel Nicolaus set a $175.00 target price on Colliers International Group in a research report on Friday, March 13th. Finally, Royal Bank Of Canada cut their price target on shares of Colliers International Group from $160.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $162.89.

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.