Colliers International Group Inc. (NASDAQ:CIGI) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. increased its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 100.8% during the third quarter, HoldingsChannel.com reports. The fund owned 678,836 shares of the financial services provider’s stock after buying an additional 340,691 shares during the period. Franklin Resources Inc.’s holdings in Colliers International Group were worth $102,261,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. boosted its position in Colliers International Group by 26.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock worth $90,000 after acquiring an additional 124 shares during the last quarter. King Luther Capital Management Corp raised its stake in Colliers International Group by 1.2% during the third quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider’s stock worth $2,222,000 after purchasing an additional 178 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in 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 worth $1,011,000 after purchasing an additional 238 shares during the period. HighTower Advisors LLC raised its stake in Colliers International Group by 13.6% during the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 254 shares during the period. Finally, Whittier Trust Co. raised its stake in Colliers International Group by 8.4% during the third quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider’s stock worth $540,000 after purchasing an additional 277 shares during the period. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CIGI shares. National Bank Financial raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. StockNews.com downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group started coverage on shares of Colliers International Group in a research note on Friday, December 6th. They set a “neutral” rating and a $170.00 target price on the stock. Scotiabank lifted their target price on shares of Colliers International Group from $155.00 to $167.50 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada lifted 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 note on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Colliers International Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.79.

Colliers International Group Price Performance

Colliers International Group stock opened at $145.54 on Monday. The company’s 50 day simple moving average is $149.86 and its 200-day simple moving average is $137.25. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 46.35 and a beta of 1.47. Colliers International Group Inc. has a 1 year low of $101.01 and a 1 year high of $156.96. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) 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 company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the firm posted $1.10 earnings per share. Colliers International Group’s revenue was up 11.7% on a year-over-year basis. As a group, equities research analysts expect that Colliers International Group Inc. will post 5.44 earnings per share for the current year.

Colliers International Group Announces Dividend

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

Colliers International Group Company 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.