Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in shares of Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) by 13.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,970 shares of the financial services provider’s stock after selling 306 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Colliers International Group were worth $132,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CIGI. Wells Fargo & Company MN raised its position in Colliers International Group by 94.1% in the 3rd quarter. Wells Fargo & Company MN now owns 3,165 shares of the financial services provider’s stock valued at $245,000 after buying an additional 1,534 shares during the last quarter. Vanguard Group Inc. raised its position in Colliers International Group by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 944,967 shares of the financial services provider’s stock valued at $73,282,000 after buying an additional 38,283 shares during the last quarter. Legal & General Group Plc raised its position in Colliers International Group by 8.2% in the 3rd quarter. Legal & General Group Plc now owns 7,503 shares of the financial services provider’s stock valued at $581,000 after buying an additional 569 shares during the last quarter. KBC Group NV raised its position in Colliers International Group by 13.4% in the 4th quarter. KBC Group NV now owns 6,021 shares of the financial services provider’s stock valued at $331,000 after buying an additional 713 shares during the last quarter. Finally, Renaissance Group LLC raised its position in Colliers International Group by 2.5% in the 4th quarter. Renaissance Group LLC now owns 9,747 shares of the financial services provider’s stock valued at $536,000 after buying an additional 238 shares during the last quarter. 69.89% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:CIGI traded down $0.49 during trading on Wednesday, hitting $61.42. 11,705 shares of the company were exchanged, compared to its average volume of 58,035. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 25.07 and a beta of 1.49. Colliers International Group Inc has a fifty-two week low of $52.01 and a fifty-two week high of $84.20. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.59.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results on Friday, April 26th. The financial services provider reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.23). The company had revenue of $635.10 million for the quarter, compared to analyst estimates of $628.75 million. Colliers International Group had a return on equity of 25.61% and a net margin of 3.24%. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. As a group, analysts anticipate that Colliers International Group Inc will post 3.11 earnings per share for the current year.

The firm also recently announced a semiannual dividend, which will be paid on Tuesday, July 9th. Investors of record on Friday, June 28th will be issued a dividend of $0.05 per share. This represents a dividend yield of 0.16%. The ex-dividend date is Thursday, June 27th. Colliers International Group’s payout ratio is presently 4.08%.

A number of brokerages recently issued reports on CIGI. Zacks Investment Research lowered Colliers International Group from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. BidaskClub raised Colliers International Group from a “sell” rating to a “hold” rating in a research report on Friday, March 29th. Raymond James set a $85.00 target price on Colliers International Group and gave the company an “outperform” rating in a research report on Monday, April 29th. ValuEngine lowered Colliers International Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 9th. Finally, William Blair reaffirmed an “outperform” rating on shares of Colliers International Group in a research report on Wednesday, February 13th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $77.67.

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Colliers International Group Company Profile

Colliers International Group Inc provides commercial real estate services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, Asia, Australasia, and internationally. The company offers sales brokerage services, which include purchases and sales, debt placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and lease brokerage services comprising landlord and tenant representation services.

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Institutional Ownership by Quarter for Colliers International Group (NASDAQ:CIGI)

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