Epoch Investment Partners Inc. Reduces Stock Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Epoch Investment Partners Inc. decreased its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 15.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 157,241 shares of the financial services provider’s stock after selling 28,415 shares during the period. Epoch Investment Partners Inc. owned about 0.32% of Colliers International Group worth $19,220,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Scotia Capital Inc. raised its holdings in Colliers International Group by 3.5% during the 4th quarter. Scotia Capital Inc. now owns 5,491 shares of the financial services provider’s stock valued at $692,000 after acquiring an additional 188 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Colliers International Group by 575.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 207 shares during the period. PNC Financial Services Group Inc. raised its holdings in Colliers International Group by 252.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 316 shares during the period. Compass Ion Advisors LLC raised its holdings in Colliers International Group by 16.5% during the 4th quarter. Compass Ion Advisors LLC now owns 2,681 shares of the financial services provider’s stock valued at $339,000 after acquiring an additional 380 shares during the period. Finally, Swiss National Bank raised its holdings in Colliers International Group by 0.5% during the 1st quarter. Swiss National Bank now owns 82,200 shares of the financial services provider’s stock valued at $10,044,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Colliers International Group Trading Up 2.5 %

Shares of Colliers International Group stock traded up $3.34 during trading on Friday, reaching $139.43. 106,338 shares of the stock were exchanged, compared to its average volume of 117,395. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.15. The stock’s fifty day moving average is $115.58 and its 200 day moving average is $116.07. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 68.01 and a beta of 1.50. Colliers International Group Inc. has a 1 year low of $83.38 and a 1 year high of $140.30.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Thursday, May 2nd. The financial services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.20). The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $989.03 million. Colliers International Group had a return on equity of 26.28% and a net margin of 2.25%. As a group, equities research analysts expect that Colliers International Group Inc. will post 5.51 earnings per share for the current fiscal year.

Colliers International Group Announces Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a dividend yield of 0.3%. Colliers International Group’s dividend payout ratio is currently 14.63%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CIGI. Royal Bank of Canada reissued an “outperform” rating and set a $145.00 target price on shares of Colliers International Group in a report on Tuesday, June 4th. BMO Capital Markets upped their price target on shares of Colliers International Group from $137.00 to $140.00 and gave the stock an “outperform” rating in a report on Tuesday, June 4th. Scotiabank upped their price target on shares of Colliers International Group from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Finally, Raymond James upped their price target on shares of Colliers International Group from $145.00 to $150.00 and gave the stock a “strong-buy” rating in a report on Wednesday, June 5th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Colliers International Group currently has an average rating of “Moderate Buy” and an average target price of $142.50.

Colliers International Group 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.