9,261 Shares in Colliers International Group Inc. (NASDAQ:CIGI) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,261 shares of the financial services provider's stock, valued at approximately $1,259,000.

Several other hedge funds have also added to or reduced their stakes in the business. FIL Ltd boosted its holdings in Colliers International Group by 116.5% in the fourth quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider's stock valued at $210,449,000 after acquiring an additional 832,583 shares during the last quarter. Norges Bank acquired a new stake in shares of Colliers International Group in the 4th quarter worth about $74,615,000. Franklin Resources Inc. boosted its position in shares of Colliers International Group by 100.8% during the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock valued at $102,261,000 after buying an additional 340,691 shares during the last quarter. Artisan Partners Limited Partnership grew its stake in shares of Colliers International Group by 67.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider's stock worth $59,320,000 after acquiring an additional 176,232 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Colliers International Group by 53.2% during the 4th quarter. American Century Companies Inc. now owns 222,232 shares of the financial services provider's stock worth $30,218,000 after buying an additional 77,204 shares in the last quarter. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CIGI shares. National Bankshares cut their price target on shares of Colliers International Group from $182.00 to $169.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. William Blair reissued an "outperform" rating on shares of Colliers International Group in a report on Friday, February 28th. Scotiabank decreased their price target on shares of Colliers International Group from $166.00 to $165.00 and set a "sector outperform" rating on the stock in a report on Monday, March 31st. JPMorgan Chase & Co. dropped their target price on shares of Colliers International Group from $167.00 to $142.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Finally, Raymond James decreased their price objective on Colliers International Group from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $161.80.

Colliers International Group Trading Up 2.4 %

NASDAQ CIGI opened at $121.85 on Friday. The stock has a market cap of $6.01 billion, a P/E ratio of 38.20 and a beta of 1.36. The stock has a 50 day simple moving average of $119.36 and a two-hundred day simple moving average of $134.34. Colliers International Group Inc. has a fifty-two week low of $100.86 and a fifty-two week high of $156.96. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. On average, analysts forecast that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

Colliers International Group Company Profile

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.

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