Invesco Ltd. trimmed its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 285,428 shares of the financial services provider's stock after selling 12,874 shares during the period. Invesco Ltd. owned 0.58% of Colliers International Group worth $38,810,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Tobam grew its stake in shares of Colliers International Group by 12.0% during the fourth quarter. Tobam now owns 913 shares of the financial services provider's stock valued at $124,000 after acquiring an additional 98 shares in the last quarter. Plato Investment Management Ltd lifted its holdings in shares of Colliers International Group by 16.0% in the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider's stock worth $117,000 after purchasing an additional 118 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of Colliers International Group by 1.8% during the fourth 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 during the last quarter. Alliancebernstein L.P. boosted its position in Colliers International Group by 2.5% during the 4th quarter. Alliancebernstein L.P. now owns 7,474 shares of the financial services provider's stock worth $1,016,000 after acquiring an additional 180 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in Colliers International Group by 13.6% in the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider's stock worth $323,000 after purchasing an additional 254 shares during the period. Hedge funds and other institutional investors own 80.09% of the company's stock.
Colliers International Group Stock Performance
CIGI stock traded up $1.91 on Tuesday, reaching $113.11. 72,124 shares of the company were exchanged, compared to its average volume of 116,462. The stock's fifty day moving average price is $121.14 and its 200 day moving average price is $136.05. Colliers International Group Inc. has a 12 month low of $100.86 and a 12 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 firm has a market capitalization of $5.58 billion, a PE ratio of 35.46 and a beta of 1.36.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced 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, research analysts anticipate that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. BMO Capital Markets cut their target price on Colliers International Group from $177.00 to $172.00 and set a "market perform" rating on the stock in a research report on Friday, February 7th. William Blair reiterated an "outperform" rating on shares of Colliers International Group in a research note on Friday, February 28th. Cibc World Mkts raised Colliers International Group to a "strong-buy" rating in a research note on Tuesday, March 4th. Scotiabank reduced 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 research note on Monday, March 31st. Finally, Royal Bank of Canada upped 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. Four 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's stock. According to data from MarketBeat.com, Colliers International Group currently has an average rating of "Moderate Buy" and a consensus price target of $161.80.
Check Out Our Latest Report on Colliers International Group
Colliers International Group Company Profile
(
Free Report)
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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