BidaskClub Downgrades Colliers International Group Inc

Colliers International Group Inc.is engaged in the provision of commercial real estate services. (NASDAQ:CIGI) (TSE:CIGI) during the second quarter, according to its most recent 13F filing with the SEC. Spruce House Investment Management LLC boosted its position in shares of Colliers International Group by 2.0% in the first quarter. Institutional investors and hedge funds own 59.40% of the company's stock. Morgan Stanley now owns 422,373 shares of the financial services provider's stock worth $19,936,000 after buying an additional 27,547 shares in the last quarter. Norges Bank bought a new position in Colliers International Group during the fourth quarter worth about $14,040,000. Tower Research Capital LLC TRC boosted its stake in Colliers International Group by 60.3% in the first quarter. Parametric Portfolio Associates LLC now owns 10,062 shares of the financial services provider's stock valued at $475,000 after buying an additional 1,743 shares in the last quarter. The legal version of this news story can be viewed at https://weekherald.com/2017/08/11/bidaskclub-downgrades-colliers-international-group-inc-cigi-to-hold.html.

Colliers International Group announced that its board has initiated a share buyback plan on Thursday, July 13th that allows the company to repurchase 2,700,000 shares.

It is now trading at $49.15 a great deal lower than $54.79, the stock's 50 day moving average and marginally under the 200 day moving average of $49.74.

The company now has a P/E ratio of 29.70 and the market cap is 1.91B.

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

Colliers International Group (NASDAQ:CIGI) traded up 0.51% during mid-day trading on Friday, hitting $49.40. The company's revenue for the quarter was up 12.8% compared to the same quarter a year ago. During the same period in the prior year, the firm posted $0.63 earnings per share. Analysts forecast that Colliers International Group will post $2.87 EPS for the current year. The company also recently declared a dividend for shareholders which was paid on Wednesday the 12th of July 2017. The dividend was $0.025 per share for the quarter or $0.10 annualized. This represents a yield of 0.19%. The ex-dividend date was Wednesday the 28th of June 2017. It provides services for sales, leases and mortgages in various areas, such as landlord representation, tenant representation, and capital markets and investment services. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: This report was originally published by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of worldwide copyright laws. Colliers International Group's payout ratio is now 6.02%.

CIGI has been the topic of a number of research reports. RBC Capital Markets maintained Colliers International Group Inc (NASDAQ:CIGI) on Thursday, August 6 with "Outperform" rating. Scotiabank lifted their price objective on Colliers International Group from $66.00 to $76.00 and gave the company an "outperform" rating in a research report on Wednesday, May 3rd. 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. Colliers International Group presently has a consensus rating of "Buy" and a consensus price target of $65.70.

Colliers International Group Inc. The Firm offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. The Business's segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.

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