Vulcan Value Partners LLC Cuts Stake in Colliers International Group Inc. $CIGI

Vulcan Value Partners LLC cut its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 27.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,068 shares of the financial services provider’s stock after selling 71,105 shares during the period. Colliers International Group accounts for 0.5% of Vulcan Value Partners LLC’s holdings, making the stock its 29th biggest holding. Vulcan Value Partners LLC owned 0.38% of Colliers International Group worth $29,066,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Colliers International Group by 26.3% in the second quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock worth $40,000 after buying an additional 63 shares in the last quarter. Blue Trust Inc. increased its holdings in Colliers International Group by 17.1% in the 3rd quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 74 shares during the last quarter. Stonegate Investment Group LLC lifted its stake in Colliers International Group by 4.2% in the 3rd quarter. Stonegate Investment Group LLC now owns 1,900 shares of the financial services provider’s stock worth $297,000 after purchasing an additional 76 shares in the last quarter. Cornerstone Investment Partners LLC lifted its stake in Colliers International Group by 3.6% in the 2nd quarter. Cornerstone Investment Partners LLC now owns 2,193 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 77 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Colliers International Group by 7.4% during the 2nd quarter. Marshall Wace LLP now owns 2,900 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 200 shares during the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CIGI shares. Royal Bank Of Canada reduced their target price on Colliers International Group from $190.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. Scotiabank cut their price target on Colliers International Group from $185.00 to $155.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Wall Street Zen cut Colliers International Group from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Stifel Nicolaus lowered their target price on Colliers International Group from $195.00 to $175.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Colliers International Group in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Colliers International Group presently has a consensus rating of “Moderate Buy” and an average target price of $168.89.

Colliers International Group Price Performance

NASDAQ:CIGI opened at $114.13 on Monday. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 56.78 and a beta of 1.40. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.14. The business has a 50 day simple moving average of $139.42 and a 200-day simple moving average of $150.15. Colliers International Group Inc. has a 1 year low of $98.97 and a 1 year 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 given a dividend of $0.15 per share. The ex-dividend date was Wednesday, December 31st. This represents a yield of 20.0%. Colliers International Group’s payout ratio is 14.93%.

Colliers International Group 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.