Colliers International Group Inc. $CIGI Shares Sold by Cooper Investors PTY Ltd.

Cooper Investors PTY Ltd. decreased its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 40.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 30,103 shares of the financial services provider’s stock after selling 20,195 shares during the period. Colliers International Group makes up 1.3% of Cooper Investors PTY Ltd.’s investment portfolio, making the stock its 29th largest position. Cooper Investors PTY Ltd.’s holdings in Colliers International Group were worth $4,702,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Canoe Financial LP raised its position in shares of Colliers International Group by 10.8% during the 3rd quarter. Canoe Financial LP now owns 40,180 shares of the financial services provider’s stock valued at $6,283,000 after acquiring an additional 3,901 shares in the last quarter. Aaron Wealth Advisors LLC bought a new stake in Colliers International Group during the third quarter valued at $227,000. Tower Research Capital LLC TRC bought a new stake in Colliers International Group during the second quarter valued at $96,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Colliers International Group by 7.8% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 25,726 shares of the financial services provider’s stock worth $3,368,000 after purchasing an additional 1,859 shares during the period. Finally, Durable Capital Partners LP lifted its position in shares of Colliers International Group by 22.0% in the 2nd quarter. Durable Capital Partners LP now owns 3,625,501 shares of the financial services provider’s stock worth $473,273,000 after buying an additional 652,744 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Colliers International Group from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colliers International Group in a report on Wednesday, October 8th. Scotiabank increased their price target on Colliers International Group from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 16th. National Bankshares boosted their price objective on Colliers International Group from $181.00 to $185.00 in a research report on Monday, December 15th. Finally, CIBC upped their price objective on Colliers International Group from $175.00 to $179.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.70.

Colliers International Group Stock Up 0.6%

Colliers International Group stock opened at $149.95 on Friday. Colliers International Group Inc. has a 52 week low of $100.86 and a 52 week high of $171.51. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of 65.48 and a beta of 1.39. The company’s 50-day moving average price is $149.56 and its two-hundred day moving average price is $149.47. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27.

Colliers International Group Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a yield of 21.0%. Colliers International Group’s payout ratio is presently 13.10%.

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.