HughesLittle Investment Management Ltd. Has $648,000 Stake in Colliers International Group Inc. $CIGI

HughesLittle Investment Management Ltd. decreased its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 68.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,400 shares of the financial services provider’s stock after selling 9,600 shares during the quarter. Colliers International Group makes up about 0.1% of HughesLittle Investment Management Ltd.’s investment portfolio, making the stock its 13th largest position. HughesLittle Investment Management Ltd.’s holdings in Colliers International Group were worth $648,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Durable Capital Partners LP grew its stake in shares of Colliers International Group by 22.0% during the second quarter. Durable Capital Partners LP now owns 3,625,501 shares of the financial services provider’s stock valued at $473,273,000 after purchasing an additional 652,744 shares during the last quarter. Norges Bank acquired a new stake in shares of Colliers International Group in the fourth quarter valued at approximately $84,906,000. Bank of Montreal Can raised its position in Colliers International Group by 69.0% in the 4th quarter. Bank of Montreal Can now owns 1,076,806 shares of the financial services provider’s stock worth $158,274,000 after purchasing an additional 439,607 shares during the last quarter. JPMorgan Chase & Co. raised its position in Colliers International Group by 114,621.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 344,165 shares of the financial services provider’s stock worth $53,762,000 after purchasing an additional 343,865 shares during the last quarter. Finally, Alberta Investment Management Corp acquired a new position in Colliers International Group during the 4th quarter worth $47,799,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Stock Performance

CIGI opened at $91.31 on Friday. The firm has a 50 day simple moving average of $101.19 and a 200 day simple moving average of $119.45. Colliers International Group Inc. has a fifty-two week low of $90.45 and a fifty-two week high of $171.51. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 56.36 and a beta of 1.26. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.23 and a quick ratio of 1.23.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.91 earnings per share (EPS) 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 business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the business posted $0.87 earnings per share. Colliers International Group’s revenue was up 15.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Colliers International Group Inc. will post 6.82 earnings per share for the current year.

Colliers International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.7%. Colliers International Group’s dividend payout ratio is 18.52%.

Analyst Ratings Changes

A number of research analysts have commented on CIGI shares. Scotia decreased their price objective on Colliers International Group from $155.00 to $150.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, April 15th. Stifel Nicolaus set a $175.00 target price on Colliers International Group in a research report on Friday, March 13th. Royal Bank Of Canada cut their price target on Colliers International Group from $160.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. National Bank Financial decreased their price target on Colliers International Group from $160.00 to $143.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Finally, Raymond James Financial decreased their price target on Colliers International Group from $185.00 to $180.00 in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $162.89.

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.