Stifel Nicolaus Cuts Colliers International Group (NASDAQ:CIGI) Price Target to $175.00

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective decreased by Stifel Nicolaus from $195.00 to $175.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the financial services provider’s stock.

Other research analysts also recently issued reports about the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Colliers International Group in a report on Wednesday, January 21st. Scotiabank lowered their price objective on Colliers International Group from $185.00 to $155.00 and set an “outperform” rating on the stock in a research report on Tuesday. Canadian Imperial Bank of Commerce lifted their price objective on Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Royal Bank Of Canada decreased their target price on Colliers International Group from $190.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, National Bank Financial dropped their price target on Colliers International Group from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.89.

Colliers International Group Trading Down 1.1%

Shares of CIGI opened at $115.02 on Tuesday. Colliers International Group has a twelve month low of $98.97 and a twelve month high of $171.51. The stock has a market cap of $5.73 billion, a PE ratio of 57.22 and a beta of 1.40. The company has a quick ratio of 1.14, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. The business’s 50-day moving average price is $140.05 and its 200-day moving average price is $150.50.

Colliers International Group Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, January 14th. Stockholders 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 dividend yield of 20.0%. Colliers International Group’s dividend payout ratio is 14.93%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new stake in Colliers International Group during the 3rd quarter valued at $26,000. Arax Advisory Partners increased its position in shares of Colliers International Group by 137.0% in the fourth quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 126 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Colliers International Group during the fourth quarter valued at about $32,000. JPMorgan Chase & Co. bought a new position in shares of Colliers International Group during the second quarter valued at about $39,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Colliers International Group by 26.3% during the second quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 63 shares during the period. 80.09% of the stock is currently owned by institutional investors.

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.