Colliers International Group Inc (CIGI) Stake Raised by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC grew its position in Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) by 3.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 102,092 shares of the financial services provider’s stock after purchasing an additional 3,131 shares during the period. Freestone Capital Holdings LLC’s holdings in Colliers International Group were worth $7,090,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp bought a new position in shares of Colliers International Group in the fourth quarter valued at about $200,000. Wetherby Asset Management Inc. bought a new position in shares of Colliers International Group in the fourth quarter valued at about $208,000. Neuberger Berman Group LLC raised its holdings in shares of Colliers International Group by 32.1% in the first quarter. Neuberger Berman Group LLC now owns 4,528 shares of the financial services provider’s stock valued at $314,000 after buying an additional 1,100 shares during the last quarter. State of Tennessee Treasury Department raised its holdings in shares of Colliers International Group by 100.3% in the fourth quarter. State of Tennessee Treasury Department now owns 7,140 shares of the financial services provider’s stock valued at $431,000 after buying an additional 3,575 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Colliers International Group in the first quarter valued at about $448,000. Institutional investors own 71.52% of the company’s stock.

A number of research analysts recently issued reports on the company. Royal Bank of Canada lifted their price target on Colliers International Group from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, May 2nd. Zacks Investment Research raised Colliers International Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 17th. Raymond James lifted their price target on Colliers International Group from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, May 2nd. BidaskClub cut Colliers International Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 28th. Finally, TheStreet raised Colliers International Group from a “c+” rating to a “b+” rating in a report on Wednesday, February 14th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $80.20.

Shares of NASDAQ:CIGI opened at $72.40 on Thursday. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 23.97 and a beta of 1.58. Colliers International Group Inc has a 1-year low of $46.60 and a 1-year high of $78.60. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.12 and a quick ratio of 1.12.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Tuesday, May 1st. The financial services provider reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.39. The firm had revenue of $552.50 million during the quarter, compared to analysts’ expectations of $474.15 million. Colliers International Group had a return on equity of 33.81% and a net margin of 2.25%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 EPS. sell-side analysts expect that Colliers International Group Inc will post 2.08 EPS for the current year.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, July 11th. Shareholders of record on Friday, June 29th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, June 28th. This represents a yield of 0.14%. Colliers International Group’s dividend payout ratio is currently 3.31%.

About Colliers International Group

Colliers International Group Inc provides commercial real estate services to corporations, financial institutions, governments, and individuals worldwide. The company's Sales and Lease Brokerage division offers transaction brokerage services, including landlord representation, tenant representation, and capital markets and investment services, as well as property management, leasing, and valuations.

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

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