UBS Group AG Boosts Position in Colliers International Group Inc. $CIGI

UBS Group AG boosted its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 48.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,202 shares of the financial services provider’s stock after buying an additional 12,439 shares during the quarter. UBS Group AG’s holdings in Colliers International Group were worth $5,616,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CIGI. Goldman Sachs Group Inc. raised its stake in shares of Colliers International Group by 78.1% during the first quarter. Goldman Sachs Group Inc. now owns 129,415 shares of the financial services provider’s stock valued at $15,698,000 after acquiring an additional 56,755 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Colliers International Group by 1.1% during the 1st 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 during the period. JPMorgan Chase & Co. bought a new stake in Colliers International Group during the 2nd quarter valued at $39,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Colliers International Group by 190.9% in the 2nd 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. lifted its holdings in shares of Colliers International Group by 0.5% in the 2nd 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 owned by hedge funds and other institutional investors.

Colliers International Group Stock Performance

Shares of Colliers International Group stock opened at $96.56 on Thursday. The company has a market capitalization of $4.93 billion, a PE ratio of 59.60 and a beta of 1.31. The company has a 50-day simple moving average of $105.47 and a two-hundred day simple moving average of $127.15. Colliers International Group Inc. has a one year low of $90.93 and a one year high of $171.51. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.23 and a current ratio of 1.23.

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

Colliers International Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CIGI. Raymond James Financial cut their price target on Colliers International Group from $185.00 to $180.00 in a research note on Wednesday, April 29th. BMO Capital Markets lowered their price objective on shares of Colliers International Group from $180.00 to $148.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Zacks Research upgraded shares of Colliers International Group from a “strong sell” rating to a “hold” rating in a report on Thursday, April 2nd. Weiss Ratings downgraded shares of Colliers International Group from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Finally, National Bank Financial reduced their price target on shares of Colliers International Group from $160.00 to $143.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.89.

Colliers International Group Company Profile

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.