SG Americas Securities LLC Makes New $608,000 Investment in Colliers International Group Inc. $CIGI

SG Americas Securities LLC acquired a new stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,895 shares of the financial services provider’s stock, valued at approximately $608,000.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. acquired a new stake in Colliers International Group during the second quarter worth about $39,000. EverSource Wealth Advisors LLC raised its holdings in Colliers International Group by 26.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 63 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Colliers International Group by 17.1% in the 3rd quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 74 shares during the period. Sagard Holdings Management Inc. acquired a new stake in shares of Colliers International Group during the 2nd quarter worth approximately $73,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Colliers International Group during the 2nd quarter worth approximately $96,000. Institutional investors own 80.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wall Street Zen lowered Colliers International Group from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Colliers International Group in a report on Wednesday. CIBC increased their price objective on shares of Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Raymond James Financial raised their price objective on shares of Colliers International Group from $180.00 to $195.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, National Bankshares upped their target price on shares of Colliers International Group from $181.00 to $185.00 in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Colliers International Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.20.

Colliers International Group Stock Down 1.8%

CIGI opened at $140.96 on Friday. The firm has a market cap of $7.02 billion, a price-to-earnings ratio of 61.55 and a beta of 1.40. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14. The firm’s 50-day simple moving average is $144.79 and its 200-day simple moving average is $151.74. Colliers International Group Inc. has a twelve month low of $100.86 and a twelve month high of $171.51.

Colliers International Group Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.15 per share. This represents a yield of 20.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Colliers International Group’s dividend payout ratio is currently 13.10%.

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.