Credit Suisse AG increased its position in shares of Colliers International Group Inc. They now have a $75.00 price objective on the financial services provider's stock, up from their prior price objective of $59.00. Chevy Chase Trust Holdings Inc.'s holdings in Colliers International Group were worth $1,070,000 at the end of the most recent reporting period.
A number of institutional investors have recently made changes to their positions in the company.
Cibc World Markets Inc. grew its ownership by buying 69,167 shares an increase of 62.8% in the quarter. Norges Bank acquired a new stake in shares of Colliers International Group during the fourth quarter valued at approximately $14,040,000. Morgan Stanley increased its position in shares of Colliers International Group by 7.0% in the first quarter. Parametric Portfolio Associates LLC raised its position in Colliers International Group by 21.0% in the first quarter. Institutional investors own 59.40% of the company's stock.
News headlines about Colliers International Group (NASDAQ:FSRV) have been trending somewhat positive on Saturday, Accern reports.
The company is trading unchanged since yesterday's close of $49.15.
Shares of the company are trading at $49.15 quite a bit lower than the 50 day moving average of $54.79 and which is marginally under the 200 day moving average of $49.74.
The share price of Colliers International Group Inc. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 29.76 and a beta of 1.73.
Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Tuesday, August 1st. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.16, Morningstar.com reports. The company had revenue of $544.20 million for the quarter, compared to analyst estimates of $515.45 million. Colliers International Group had a net margin of 3.23% and a return on equity of 49.70%. The business's quarterly revenue was up 12.8% compared to the same quarter a year ago. 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. Additionally the company recently announced a dividend that was paid on Wednesday the 12th of July 2017. The dividend payment was $0.025 per share for the quarter or $0.10 on an annualized basis. The dividend yield was $0.28. The ex-dividend date was Wednesday, June 28th. Colliers had 11 analyst reports since August 6, 2015 according to SRatingsIntel.
Colliers International Group declared that its board has initiated a stock repurchase program on Thursday, July 13th that authorizes the company to repurchase 2,700,000 shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign 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 report on another publication, it was illegally copied and republished in violation of United States and global copyright and trademark law. Subordinate Voting Shares had its "outperform" rating reiterated by analysts at Scotiabank. BMO Capital Markets reiterated a buy rating and issued a $56.00 target price on shares of Colliers International Group in a research note on Friday, March 31st. Royal Bank Of Canada reaffirmed a buy rating and issued a $50.00 price target on shares of Colliers International Group in a report on Wednesday, April 5th. Finally, Sidoti downgraded shares of Colliers International Group from a "buy" rating to a "neutral" rating in a research note on Monday, July 17th. Wells Fargo & Company/mn bolstered its position by buying 2,089 shares an increase of 1.2% as of 06/30/2017. (NASDAQ:CIGI) (TSE:CIGI) has received an average recommendation of "Buy" from the nine brokerages that are covering the stock, Marketbeat Ratings reports.