Ameriprise Financial Inc. Sells 34,142 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Ameriprise Financial Inc. reduced its holdings in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 9.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 343,169 shares of the financial services provider's stock after selling 34,142 shares during the quarter. Ameriprise Financial Inc. owned 0.70% of Colliers International Group worth $46,661,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Aquatic Capital Management LLC increased its stake in Colliers International Group by 147.4% in the 4th quarter. Aquatic Capital Management LLC now owns 10,143 shares of the financial services provider's stock worth $1,379,000 after acquiring an additional 6,043 shares during the last quarter. Nebula Research & Development LLC bought a new position in Colliers International Group in the 4th quarter worth about $616,000. Price T Rowe Associates Inc. MD increased its stake in Colliers International Group by 0.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 458,569 shares of the financial services provider's stock worth $62,353,000 after acquiring an additional 4,101 shares during the last quarter. Hsbc Holdings PLC bought a new position in Colliers International Group in the 4th quarter worth about $438,000. Finally, State of Tennessee Department of Treasury bought a new position in Colliers International Group in the 4th quarter worth about $1,918,000. 80.09% of the stock is currently owned by institutional investors.

Colliers International Group Trading Up 0.4%

Shares of CIGI stock opened at $123.65 on Monday. The stock has a market capitalization of $6.10 billion, a PE ratio of 38.76 and a beta of 1.38. Colliers International Group Inc. has a 1-year low of $100.86 and a 1-year high of $156.96. The business has a 50-day moving average of $118.83 and a 200 day moving average of $133.23. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its earnings results on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.04). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. The company had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the prior year, the company earned $0.77 earnings per share. The company's revenue was up 13.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on CIGI. William Blair reiterated an "outperform" rating on shares of Colliers International Group in a report on Friday, February 28th. The Goldman Sachs Group cut their price objective on Colliers International Group from $165.00 to $145.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Colliers Securities set a $160.00 price objective on Colliers International Group in a report on Tuesday, March 4th. Raymond James cut their price objective on Colliers International Group from $175.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Finally, National Bankshares cut their price objective on Colliers International Group from $182.00 to $169.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Four research 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $160.80.

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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