Arrowstreet Capital Limited Partnership Makes New Investment in Colliers International Group Inc. (NASDAQ:CIGI)

Arrowstreet Capital Limited Partnership purchased a new stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,560 shares of the financial services provider's stock, valued at approximately $755,000.

Several other large investors have also modified their holdings of the business. Pictet Asset Management Holding SA lifted its stake in Colliers International Group by 1.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 8,094 shares of the financial services provider's stock valued at $1,100,000 after buying an additional 144 shares in the last quarter. Norges Bank purchased a new stake in shares of Colliers International Group in the fourth quarter valued at $74,615,000. Loomis Sayles & Co. L P raised its stake in Colliers International Group by 5.1% in the 4th quarter. Loomis Sayles & Co. L P now owns 377,001 shares of the financial services provider's stock valued at $51,261,000 after purchasing an additional 18,253 shares during the last quarter. Artisan Partners Limited Partnership lifted its holdings in 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 valued at $59,320,000 after purchasing an additional 176,232 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Colliers International Group during the 4th quarter worth about $180,000. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Stock Performance

Shares of NASDAQ CIGI traded up $1.40 during trading hours on Thursday, hitting $114.80. 9,903 shares of the company's stock were exchanged, compared to its average volume of 116,733. Colliers International Group Inc. has a 1-year low of $100.86 and a 1-year high of $156.96. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 36.00 and a beta of 1.36. The company's 50-day moving average price is $122.71 and its 200-day moving average price is $137.19. 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 posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share 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, sell-side analysts expect that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CIGI has been the topic of several recent analyst reports. Scotiabank reduced their price objective on shares of Colliers International Group from $166.00 to $165.00 and set a "sector outperform" rating on the stock in a research note on Monday, March 31st. BMO Capital Markets reduced their price target on Colliers International Group from $177.00 to $172.00 and set a "market perform" rating on the stock in a research note on Friday, February 7th. JPMorgan Chase & Co. lowered their price objective on 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. Royal Bank of Canada increased their target price on Colliers International Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, CIBC initiated coverage on Colliers International Group in a research note on Tuesday, March 4th. They issued a "sector outperform" rating and a $160.00 price target on the stock. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $161.80.

Colliers International Group 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.