Pembroke Management LTD Sells 20,946 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Pembroke Management LTD decreased its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 23.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 69,506 shares of the financial services provider’s stock after selling 20,946 shares during the period. Pembroke Management LTD owned about 0.14% of Colliers International Group worth $9,451,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC bought a new stake in shares of Colliers International Group in the 4th quarter valued at about $145,000. State of New Jersey Common Pension Fund D raised its stake in Colliers International Group by 15.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 5,336 shares of the financial services provider’s stock worth $726,000 after purchasing an additional 713 shares in the last quarter. Vista Finance LLC acquired a new stake in Colliers International Group in the 4th quarter worth about $375,000. Entropy Technologies LP bought a new stake in Colliers International Group in the 4th quarter valued at about $354,000. Finally, Empowered Funds LLC increased its holdings in shares of Colliers International Group by 31.0% during the fourth quarter. Empowered Funds LLC now owns 16,265 shares of the financial services provider’s stock worth $2,212,000 after purchasing an additional 3,850 shares during the period. 80.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CIGI has been the topic of several recent analyst reports. Raymond James decreased their price target on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Scotiabank cut their price objective on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 7th. The Goldman Sachs Group initiated coverage on shares of Colliers International Group in a report on Friday, December 6th. They set a “neutral” rating and a $170.00 price objective on the stock. National Bankshares decreased their price objective on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Finally, National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Colliers International Group has an average rating of “Moderate Buy” and an average price target of $168.63.

Colliers International Group Stock Down 0.3 %

Shares of NASDAQ CIGI opened at $131.70 on Tuesday. The business has a 50-day moving average of $137.89 and a 200-day moving average of $143.43. Colliers International Group Inc. has a 12 month low of $101.01 and a 12 month high of $156.96. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 41.29 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.89% and a net margin of 3.35%. Sell-side analysts expect that Colliers International Group Inc. will post 6.58 earnings per share for the current fiscal year.

Colliers International Group Dividend Announcement

The business also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a $0.15 dividend. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, December 31st. Colliers International Group’s dividend payout ratio is presently 9.40%.

Colliers International Group Company Profile

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.