Legal & General Group Plc Reduces Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Legal & General Group Plc reduced its position in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 15.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,243 shares of the financial services provider's stock after selling 7,936 shares during the period. Legal & General Group Plc owned about 0.09% of Colliers International Group worth $5,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in CIGI. HighTower Advisors LLC raised its position in shares of 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 acquiring an additional 254 shares during the period. Barclays PLC purchased a new position in shares of Colliers International Group in the 3rd quarter valued at about $1,629,000. Franklin Resources Inc. raised its holdings in Colliers International Group by 100.8% in 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 period. Argent Capital Management LLC boosted its position in Colliers International Group by 16.5% during the fourth quarter. Argent Capital Management LLC now owns 44,807 shares of the financial services provider's stock worth $6,092,000 after purchasing an additional 6,330 shares in the last quarter. Finally, Canoe Financial LP boosted its position in Colliers International Group by 544.7% during the fourth quarter. Canoe Financial LP now owns 40,696 shares of the financial services provider's stock worth $5,530,000 after purchasing an additional 34,384 shares in the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Price Performance

Shares of Colliers International Group stock traded down $1.24 on Friday, hitting $115.29. 6,906 shares of the company were exchanged, compared to its average volume of 115,425. 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 company has a 50-day moving average price of $120.52 and a 200 day moving average price of $135.71. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 36.10 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 quarterly earnings data 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 return on equity of 20.38% and a net margin of 3.35%. As a group, sell-side analysts predict that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CIGI has been the subject of several research analyst reports. CIBC assumed coverage on Colliers International Group in a research note on Tuesday, March 4th. They set a "sector outperform" rating and a $160.00 target price for the company. 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 report on Monday, March 31st. StockNews.com lowered shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. cut their target price on shares of Colliers International Group from $167.00 to $142.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Finally, National Bankshares decreased their price target on shares of Colliers International Group from $182.00 to $169.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.