Scotia Capital Inc. Buys 5,706 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Scotia Capital Inc. raised its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 127.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,195 shares of the financial services provider's stock after buying an additional 5,706 shares during the quarter. Scotia Capital Inc.'s holdings in Colliers International Group were worth $1,386,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CIGI. Plato Investment Management Ltd raised its stake in Colliers International Group by 16.0% during the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider's stock valued at $117,000 after purchasing an additional 118 shares during the last quarter. Tobam lifted its holdings in shares of Colliers International Group by 12.0% during the 4th quarter. Tobam now owns 913 shares of the financial services provider's stock worth $124,000 after acquiring an additional 98 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of Colliers International Group during the 4th quarter valued at about $145,000. CIBC Private Wealth Group LLC raised its position in Colliers International Group by 44.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider's stock worth $164,000 after purchasing an additional 378 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Colliers International Group by 112.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,260 shares of the financial services provider's stock valued at $171,000 after purchasing an additional 667 shares in the last quarter. 80.09% of the stock is owned by institutional investors.

Colliers International Group Trading Up 0.6 %

Shares of NASDAQ:CIGI traded up $0.66 during midday trading on Friday, hitting $114.06. The company had a trading volume of 85,471 shares, compared to its average volume of 116,743. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 35.76 and a beta of 1.36. Colliers International Group Inc. has a 12 month low of $100.86 and a 12 month high of $156.96. The firm has a fifty day simple moving average of $122.29 and a 200 day simple moving average of $136.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its earnings results 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, analysts predict that Colliers International Group Inc. will post 6.2 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on CIGI shares. Scotiabank dropped their price objective on Colliers International Group from $166.00 to $165.00 and set a "sector outperform" rating for the company in a research note on Monday, March 31st. Royal Bank of Canada boosted their price objective on Colliers International Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Cibc World Mkts upgraded Colliers International Group to a "strong-buy" rating in a research note on Tuesday, March 4th. William Blair reiterated an "outperform" rating on shares of Colliers International Group in a research report on Friday, February 28th. Finally, National Bankshares dropped their target price on shares of Colliers International Group from $182.00 to $169.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Colliers International Group has a consensus rating of "Moderate Buy" and a consensus price target of $161.80.

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.