Colliers International Group (NASDAQ:CIGI) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) in a research report released on Monday, Marketbeat.com reports. The firm issued a neutral rating and a $167.00 price target on the financial services provider’s stock.

Several other analysts have also recently issued reports on the company. The Goldman Sachs Group began coverage on Colliers International Group in a research report on Friday, December 6th. They set a “neutral” rating and a $170.00 target price for the company. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Royal Bank of Canada upped their target price on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Scotiabank lifted their price target on shares of Colliers International Group from $155.00 to $167.50 and gave the company a “sector outperform” rating in a report on Wednesday, November 6th. Finally, BMO Capital Markets boosted their price target on shares of Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a research note on Friday, September 13th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $162.44.

Colliers International Group Price Performance

Shares of NASDAQ:CIGI opened at $137.38 on Monday. The company has a market capitalization of $6.93 billion, a P/E ratio of 43.75 and a beta of 1.47. Colliers International Group has a 1-year low of $101.01 and a 1-year high of $156.96. The firm’s 50 day simple moving average is $149.78 and its two-hundred day simple moving average is $137.71. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the firm posted $1.10 EPS. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. Research analysts expect that Colliers International Group will post 5.44 EPS for the current fiscal year.

Colliers International Group Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.15 per share. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, December 31st. Colliers International Group’s dividend payout ratio is 9.55%.

Institutional Investors Weigh In On Colliers International Group

Institutional investors have recently modified their holdings of the stock. Blue Trust Inc. raised its stake in shares of Colliers International Group by 3,377.8% in the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 304 shares during the period. Argent Capital Management LLC lifted its stake in Colliers International Group by 10.7% in the second quarter. Argent Capital Management LLC now owns 29,608 shares of the financial services provider’s stock worth $3,306,000 after purchasing an additional 2,858 shares during the last quarter. Ceredex Value Advisors LLC boosted its position in shares of Colliers International Group by 1.6% during the second quarter. Ceredex Value Advisors LLC now owns 86,944 shares of the financial services provider’s stock valued at $9,720,000 after buying an additional 1,400 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Colliers International Group by 93.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 469 shares of the financial services provider’s stock valued at $52,000 after buying an additional 226 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Colliers International Group by 2.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,055 shares of the financial services provider’s stock valued at $1,011,000 after buying an additional 238 shares during the last quarter. 80.09% of the stock is owned by institutional investors.

About Colliers International Group

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.