JARISLOWSKY FRASER Ltd Decreases Stake in Colliers International Group Inc. (NASDAQ:CIGI)

JARISLOWSKY FRASER Ltd cut its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,044,558 shares of the financial services provider's stock after selling 104,654 shares during the quarter. Colliers International Group makes up approximately 1.6% of JARISLOWSKY FRASER Ltd's portfolio, making the stock its 23rd biggest position. JARISLOWSKY FRASER Ltd owned 4.15% of Colliers International Group worth $277,059,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CIGI. Tower Research Capital LLC TRC grew its holdings in Colliers International Group by 1,752.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock worth $43,000 after acquiring an additional 298 shares in the last quarter. Plato Investment Management Ltd lifted its position in shares of 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 worth $117,000 after purchasing an additional 118 shares during the last quarter. 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 worth $124,000 after purchasing an additional 98 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Colliers International Group in the fourth quarter valued at $145,000. Finally, CIBC Private Wealth Group LLC raised its stake 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 valued at $164,000 after buying an additional 378 shares in the last quarter. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CIGI has been the subject of several analyst reports. Stifel Nicolaus lowered their price objective on Colliers International Group from $165.00 to $160.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Colliers Securities set a $160.00 price target on Colliers International Group in a report on Tuesday, March 4th. Royal Bank of Canada increased their price target on shares of Colliers International Group from $170.00 to $175.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Scotiabank reduced their price objective on shares of Colliers International Group from $165.00 to $155.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, 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 on the stock. 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 company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $160.80.

Colliers International Group Price Performance

Shares of CIGI opened at $123.65 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06. Colliers International Group Inc. has a fifty-two week low of $100.86 and a fifty-two week high of $156.96. The firm has a 50-day simple moving average of $118.83 and a 200-day simple moving average of $133.38. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 38.76 and a beta of 1.38.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.91 by ($0.04). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.15 billion. Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. The firm's revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 earnings per share. On average, equities research analysts anticipate that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

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.

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