Colliers International Group Inc. (NASDAQ:CIGI) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP reduced its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 40.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,700 shares of the financial services provider's stock after selling 3,227 shares during the period. ExodusPoint Capital Management LP's holdings in Colliers International Group were worth $639,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CIGI. Franklin Resources Inc. grew its stake in shares of Colliers International Group by 100.8% in the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock worth $102,261,000 after acquiring an additional 340,691 shares in the last quarter. Barclays PLC acquired a new position in Colliers International Group during the 3rd quarter worth $1,629,000. Sei Investments Co. increased its holdings in Colliers International Group by 37.7% during the 4th quarter. Sei Investments Co. now owns 13,179 shares of the financial services provider's stock worth $1,792,000 after purchasing an additional 3,606 shares during the period. Vanguard Group Inc. grew its position in shares of Colliers International Group by 1.2% during the fourth 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 in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Colliers International Group during the fourth quarter worth approximately $1,259,000. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Colliers Securities set a $160.00 target price on shares of Colliers International Group in a research note on Tuesday, March 4th. BMO Capital Markets lowered their price objective on Colliers International Group from $177.00 to $172.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. The Goldman Sachs Group dropped their price objective on Colliers International Group from $165.00 to $145.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Scotiabank decreased their target price 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. Finally, William Blair reiterated an "outperform" rating on shares of Colliers International Group in a research note on Friday, February 28th. Four investment 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $161.80.

Colliers International Group Stock Performance

CIGI stock traded up $0.83 during trading on Thursday, hitting $114.23. The company had a trading volume of 13,530 shares, compared to its average volume of 116,746. The firm has a 50-day moving average price of $122.71 and a 200-day moving average price of $137.19. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. The firm has a market cap of $5.63 billion, a PE ratio of 35.99 and a beta of 1.36. Colliers International Group Inc. has a 1-year low of $100.86 and a 1-year high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) 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 expect that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

About Colliers International Group

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.