CIBC Asset Management Inc Increases Holdings in Colliers International Group Inc. (NASDAQ:CIGI) – 13F Filing Analysis and Price Performance
Are you interested in learning more about the recent activity surrounding Colliers International Group Inc. (NASDAQ:CIGI)? Well, you’re in luck! CIBC Asset Management Inc recently raised its holdings in CIGI by 3.2% in the 4th quarter, acquiring an additional 12,820 shares. This move brings their total ownership to 409,413 shares valued at $51,950,000. But they’re not the only ones making moves – other hedge funds like Mackenzie Financial Corp, AGF Management Ltd., and Swiss National Bank have also increased their positions in CIGI.
The price performance of Colliers International Group has been a hot topic lately, with shares trading at $111.57 on Monday. The company has a market capitalization of $5.46 billion and a price-to-earnings ratio of 54.42. Despite missing earnings estimates in their last quarterly report, analysts are optimistic about CIGI’s future, with a forecasted earnings per share of 5.52 for the current year.
In addition to their financial performance, Colliers International Group recently announced a Semi-Annual dividend, offering stockholders a $0.15 payout. With a dividend yield of 0.3%, this news has caught the attention of investors.
Wall Street analysts have also been weighing in on CIGI, with BMO Capital Markets, Scotiabank, and Royal Bank of Canada all providing target price updates and ratings for the stock. While the consensus seems to be positive, it’s always important to do your own research before making any investment decisions.
If you’re curious about what other hedge funds are doing with CIGI, you can visit HoldingsChannel.com for the latest 13F filings and insider trades. And if you want to stay ahead of the game, MarketBeat has identified five stocks that top analysts are recommending to their clients – and Colliers International Group isn’t one of them. Check out the list to see which stocks are getting the most attention from Wall Street’s best.
Overall, the buzz surrounding Colliers International Group is hard to ignore. With a strong financial performance, positive analyst ratings, and dividend announcements, this company is definitely one to watch in the coming months. Stay informed and make smart investment decisions by keeping up with the latest news and analysis on CIGI.
