CANADA LIFE ASSURANCE Co Has $2.21 Million Stock Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

CANADA LIFE ASSURANCE Co boosted its position in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 47.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,775 shares of the financial services provider's stock after acquiring an additional 5,367 shares during the quarter. CANADA LIFE ASSURANCE Co's holdings in Colliers International Group were worth $2,212,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Colliers International Group by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider's stock worth $253,867,000 after buying an additional 21,422 shares during the last quarter. FIL Ltd increased its stake in shares of Colliers International Group by 116.5% during the fourth quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider's stock worth $210,449,000 after purchasing an additional 832,583 shares during the period. Franklin Resources Inc. lifted its holdings in Colliers International Group by 100.8% during the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock worth $102,261,000 after purchasing an additional 340,691 shares during the last quarter. Alberta Investment Management Corp boosted its stake in Colliers International Group by 3.4% in the 4th quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider's stock valued at $85,143,000 after purchasing an additional 20,794 shares during the period. Finally, Norges Bank acquired a new position in Colliers International Group in the 4th quarter valued at $74,615,000. Institutional investors and hedge funds own 80.09% of the company's stock.

Colliers International Group Price Performance

NASDAQ:CIGI traded up $2.26 during trading hours on Friday, hitting $121.27. The company's stock had a trading volume of 17,296 shares, compared to its average volume of 114,300. Colliers International Group Inc. has a twelve month low of $100.86 and a twelve month high of $156.96. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a fifty day simple moving average of $119.47 and a 200-day simple moving average of $134.64. The company has a market capitalization of $5.98 billion, a P/E ratio of 38.01 and a beta of 1.36.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CIGI. CIBC initiated coverage on shares of Colliers International Group in a research report on Tuesday, March 4th. They issued a "sector outperform" rating and a $160.00 target price for the company. Scotiabank cut their price objective on shares of Colliers International Group from $166.00 to $165.00 and set a "sector outperform" rating for the company in a report on Monday, March 31st. Royal Bank of Canada raised their target price on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. BMO Capital Markets cut their price target on Colliers International Group from $177.00 to $172.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. Finally, The Goldman Sachs Group cut their target price on Colliers International Group from $165.00 to $145.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Four investment 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.