Colliers International Group Inc. (NASDAQ:CIGI) Plans Quarterly Dividend of $0.15

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) declared a quarterly dividend on Monday, May 11th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.15 per share by the financial services provider on Tuesday, July 14th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, June 30th.

Colliers International Group has raised its dividend payment by an average of 0.2%annually over the last three years. Colliers International Group has a payout ratio of 4.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Colliers International Group to earn $7.37 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 4.1%.

Colliers International Group Stock Performance

Shares of Colliers International Group stock opened at $95.99 on Tuesday. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 59.25 and a beta of 1.31. Colliers International Group has a twelve month low of $94.57 and a twelve month high of $171.51. The company’s fifty day moving average is $108.71 and its 200 day moving average is $130.60. The company has a quick ratio of 1.10, a current ratio of 1.23 and a debt-to-equity ratio of 1.23.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its earnings results on Tuesday, May 5th. The financial services provider reported $0.91 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.01). Colliers International Group had a return on equity of 20.31% and a net margin of 1.45%.The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the firm posted $0.87 earnings per share. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. Sell-side analysts forecast that Colliers International Group will post 6.39 EPS for the current year.

Institutional Trading of Colliers International Group

Several large investors have recently made changes to their positions in the company. Van Berkom & Associates Inc. bought a new position in Colliers International Group in the first quarter worth approximately $4,412,000. Dimensional Fund Advisors LP raised its position in shares of Colliers International Group by 15.1% during the first quarter. Dimensional Fund Advisors LP now owns 416,549 shares of the financial services provider’s stock worth $44,516,000 after purchasing an additional 54,695 shares during the period. Montrusco Bolton Investments Inc. raised its position in shares of Colliers International Group by 12.5% during the first quarter. Montrusco Bolton Investments Inc. now owns 145,285 shares of the financial services provider’s stock worth $15,484,000 after purchasing an additional 16,108 shares during the period. Louisbourg Investments Inc. lifted its holdings in shares of Colliers International Group by 46.6% in the 1st quarter. Louisbourg Investments Inc. now owns 75,882 shares of the financial services provider’s stock worth $8,097,000 after purchasing an additional 24,110 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its position in Colliers International Group by 9.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 8,518 shares of the financial services provider’s stock valued at $908,000 after purchasing an additional 726 shares during the period. 80.09% of the stock is currently owned by institutional investors and hedge funds.

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.