BidaskClub Downgrades Colliers International Group Inc. (CIGI) to Hold

Judith Bessette
Agosto 12, 2017

The value of the company's investment in Colliers International Group In went from $10,886,000 to $11,036,000 a change of $150,000 quarter to quarter. As of the end of the quarter Wells Fargo & Company/mn had acquired 2,089 shares growing its stake by 1.2%. Credit Suisse AG owned about 0.19% of Colliers International Group worth $3,446,000 at the end of the most recent quarter.

Cibc World Markets Inc. grew its ownership by buying 69,167 shares an increase of 62.8% in the quarter. Norges Bank bought a new position in Colliers International Group during the fourth quarter worth about $14,040,000. Subordinate Voting Shares has a 52-week low of 34.20 and a 52-week high of 60.75. Parametric Portfolio Associates LLC boosted its position in Colliers International Group by 21.0% in the first quarter. William Blair Investment Management LLC now owns 1,321,032 shares of the financial services provider's stock worth $74,572,000 after buying an additional 73,763 shares during the period. Institutional investors own 59.40% of the company's stock.

Chevy Chase Trust Holdings Inc. maintained its position in Colliers International Group Inc. 23,839 shares of the company's stock were exchanged. The firm has a 50-day moving average price of $54.67 and a 200-day moving average price of $49.83. The firm has a market capitalization of $1.95 billion, a P/E ratio of 30.33 and a beta of 1.73.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.16. The company had revenue of $544.20 million during the quarter, compared to analysts' expectations of $515.45 million.

Colliers International Group (NASDAQ CIGI) traded up 0.20% during mid-day trading on Monday, reaching $49.25. During the same quarter previous year, the firm earned $0.63 earnings per share. Subordinate Voting Shares News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colliers International Group Inc.

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The business also recently announced a semiannual dividend, which was paid on Wednesday, July 12th. The dividend payment was $0.025 per share for the quarter or $0.10 on an annualized basis. This represents a yield of 0.19%. The ex-dividend date was set for Wednesday the 28th of June 2017. Colliers International Group's dividend payout ratio is now 6.02%.

Colliers International Group declared that its Board of Directors has authorized a share buyback program on Thursday, July 13th that authorizes the company to repurchase 2,700,000 shares. It provides services for sales, leases and mortgages in various areas, such as landlord representation, tenant representation, and capital markets and investment services. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

WARNING: This news story was published by Week Herald and is the sole property of of Week Herald. If you are reading this story on another site, it was stolen and reposted in violation of USA & global copyright and trademark law. Colliers International Group's payout ratio is now 6.02%.

Several equities analysts recently issued reports on CIGI shares. Zacks Investment Research downgraded shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Tuesday, April 18th. The stock of Colliers International Group Inc (NASDAQ:CIGI) earned "Buy" rating by BMO Capital Markets on Tuesday, August 1. Subordinate Voting Shares had its "neutral" rating reiterated by analysts at Sidoti. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company's stock. (NASDAQ:CIGI) (TSE:CIGI) has received an average recommendation of "Buy" from the nine brokerages that are covering the stock, Marketbeat Ratings reports.

Colliers International Group Inc is engaged in the provision of commercial real estate services.

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