Karp Capital Management Corp purchased a new stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) during the first quarter, Holdings Channel reports. The institutional investor purchased 19,969 shares of the financial services provider’s stock, valued at approximately $943,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Scotia Capital Inc. purchased a new position in shares of Colliers International Group during the fourth quarter valued at approximately $373,000. Quadrature Capital Ltd purchased a new position in shares of Colliers International Group during the fourth quarter valued at approximately $524,000. Russell Investments Group Ltd. purchased a new position in shares of Colliers International Group during the first quarter valued at approximately $590,000. Dimensional Fund Advisors LP increased its position in shares of Colliers International Group by 7.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 60,338 shares of the financial services provider’s stock valued at $2,217,000 after buying an additional 3,929 shares during the last quarter. Finally, Nationwide Fund Advisors purchased a new position in shares of Colliers International Group during the first quarter valued at approximately $2,918,000. 57.83% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Colliers International Group (NASDAQ:CIGI)

Shares of Colliers International Group Inc. (NASDAQ:CIGI) opened at 53.25 on Wednesday. The stock has a market cap of $2.07 billion, a PE ratio of 27.46 and a beta of 1.74. Colliers International Group Inc. has a 52-week low of $32.93 and a 52-week high of $55.40. The stock’s 50 day moving average is $52.35 and its 200 day moving average is $44.73.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Tuesday, May 2nd. The financial services provider reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.11. Colliers International Group had a net margin of 3.87% and a return on equity of 51.57%. The firm had revenue of $422.80 million during the quarter, compared to analyst estimates of $404.95 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. Colliers International Group’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities research analysts forecast that Colliers International Group Inc. will post $2.82 earnings per share for the current year.

The business also recently announced a semiannual dividend, which will be paid on Wednesday, July 12th. Investors of record on Friday, June 30th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, June 28th. This represents a dividend yield of 0.19%. Colliers International Group’s dividend payout ratio is 5.18%.

ILLEGAL ACTIVITY WARNING: This piece was first published by Watch List News and is the property of of Watch List News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://www.watchlistnews.com/karp-capital-management-corp-buys-new-position-in-colliers-international-group-inc-cigi/1360298.html.

Several research analysts have commented on the stock. BMO Capital Markets reissued a “buy” rating and issued a $56.00 price target on shares of Colliers International Group in a report on Friday, March 31st. CIBC raised shares of Colliers International Group from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, February 16th. TheStreet downgraded shares of Colliers International Group from a “b” rating to a “c+” rating in a report on Tuesday, May 2nd. BidaskClub downgraded shares of Colliers International Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, Royal Bank Of Canada raised their price target on shares of Colliers International Group from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Colliers International Group currently has an average rating of “Buy” and an average target price of $65.60.

About Colliers International Group

Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. Its segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.

Want to see what other hedge funds are holding CIGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI).

Receive News & Ratings for Colliers International Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colliers International Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.