Janus Henderson Group PLC Acquires 460,575 Shares of Colliers International Group Inc.

Janus Henderson Group PLC has taken a new investment position in Colliers International Group Inc. (NASDAQ:CIGI, TSE:CIGI) during the third quarter, as revealed in its latest filing with the Securities and Exchange Commission. The institutional investor acquired 460,575 shares of this financial services company, an investment worth around $69,920,000. By the end of the last quarter, Janus Henderson Group PLC made up approximately 0.94% of Colliers International Group's total shares.

Other significant investors have also adjusted their stakes in the company recently. For instance, Blue Trust Inc. dramatically increased its holding in Colliers International Group by an astounding 3,377.8% in the second quarter, now owning 313 shares valued at $38,000 after acquiring an additional 304 shares. Another firm, Whittier Trust Co. of Nevada Inc., boosted its stake by 93.0% in the second quarter, owning 469 shares valued at $52,000 after adding 226 shares. Meanwhile, Plato Investment Management Ltd entered the market by purchasing a new stake in Colliers International Group this third quarter worth $112,000. Likewise, Stonegate Investment Group LLC also joined the pool of new investors, acquiring shares valued at $264,000 in the same period. Furthermore, HighTower Advisors LLC raised its position by 13.6% during the third quarter, now owning 2,119 shares valued at $323,000 after buying an additional 254 shares in the recent quarter. Currently, institutional investors and hedge funds account for 80.09% of the stock ownership in Colliers International Group.

Analysts Update Price Projections

Recently, various equity research analysts have issued updates regarding CIGI shares. For instance, StockNews.com downgraded Colliers International Group from a "buy" to a "hold" rating on October 8th. However, National Bank Financial upgraded its outlook from a "hold" to a "strong-buy" rating on November 5th. BMO Capital Markets also increased its target price for Colliers International Group shares from $163.00 to $164.00, giving the stock an "outperform" rating on September 13th. Similarly, Scotiabank raised its price target from $155.00 to $167.50 and issued a "sector outperform" rating on November 6th. Additionally, Royal Bank of Canada raised its target from $160.00 to $174.00 while maintaining an "outperform" rating on October 21st. Presently, two analysts have assigned a hold rating, five analysts provided a buy rating, and one awarded a strong buy rating. According to MarketBeat.com, Colliers International Group currently carries an average rating of "Moderate Buy" with a consensus target price of $160.42.

Colliers International Group Stock Overview

As of Friday, the NASDAQ listing for CIGI opened at $152.03. The company’s 50-day moving average is $150.08, while its 200-day moving average stands at $135.40. Colliers International Group has a debt-to-equity ratio of 1.42, a quick ratio of 1.17, and a current ratio of 1.17. Its market capitalization is $7.47 billion, with a price-to-earnings (P/E) ratio of 48.42 and a beta of 1.47. Over the last year, Colliers International Group Inc. recorded a 52-week low of $101.01 and a 52-week high of $156.96.

Colliers International Group (NASDAQ:CIGI, TSE:CIGI) recently announced its earnings results on November 5th. The firm reported earnings of $1.32 per share (EPS) for the latest quarter, falling short of analysts' expectations of $1.49 by $0.17. The company’s revenue for the quarter reached $1.18 billion, slightly exceeding analyst predictions of $1.17 billion. Colliers demonstrated a return on equity of 21.78% and maintained a net margin of 3.38%. The quarterly revenue climbed 11.7% versus the same quarter from the previous year. A year ago, the firm had reported an EPS of $1.10. Analysts predict that for the current year, Colliers International Group Inc. will achieve an EPS of approximately 5.44.

Dividend Declaration by Colliers International Group

The company also recently announced a semi-annual dividend, scheduled for payout on January 14th. Investors who hold shares by December 31st will receive a dividend of $0.15 per share, reflecting a yield of 0.2%. The ex-dividend date is also set for December 31st. Colliers International Group’s current dividend payout ratio is at 9.55%.

About Colliers International Group Inc.

Colliers International Group Inc. specializes in providing commercial real estate professional and investment management services to corporate and institutional clientele across the Americas, Europe, Middle East, Africa, and the Asia Pacific. The firm offers various outsourcing and advisory services including engineering and project management, property management, valuations, along with loan servicing for commercial real estate clients.

Janus, Henderson, Investment, Analysts, Earnings