Mackenzie Financial Corp Has $91.75 Million Stock Position in Colliers International Group Inc. (NASDAQ:CIGI)

Mackenzie Financial Corp grew its position in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 33.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 725,052 shares of the financial services provider's stock after acquiring an additional 182,167 shares during the quarter. Mackenzie Financial Corp owned about 1.57% of Colliers International Group worth $91,754,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Tobam purchased a new stake in shares of Colliers International Group during the fourth quarter worth approximately $58,000. Qube Research & Technologies Ltd purchased a new stake in shares of Colliers International Group during the third quarter worth approximately $48,000. Power Corp of Canada purchased a new stake in shares of Colliers International Group during the first quarter worth approximately $72,000. Citigroup Inc. purchased a new stake in shares of Colliers International Group during the first quarter worth approximately $75,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Colliers International Group during the first quarter worth approximately $123,000. 80.09% of the stock is owned by institutional investors and hedge funds.

Colliers International Group Price Performance

Shares of CIGI stock traded down $0.84 during mid-day trading on Tuesday, reaching $109.08. The stock had a trading volume of 140,247 shares, compared to its average volume of 111,554. Colliers International Group Inc. has a 12-month low of $83.38 and a 12-month high of $131.05. The company has a market cap of $5.32 billion, a P/E ratio of 82.64 and a beta of 1.46. The business has a 50-day simple moving average of $119.71 and a 200 day simple moving average of $111.36. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.76.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.83 earnings per share for the quarter, missing analysts' consensus estimates of $1.84 by ($0.01). Colliers International Group had a net margin of 1.51% and a return on equity of 32.94%. The firm had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.20 billion. On average, sell-side analysts anticipate that Colliers International Group Inc. will post 5.69 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Raymond James upped their price target on Colliers International Group from $140.00 to $145.00 and gave the stock a "strong-buy" rating in a research note on Friday, February 9th. Scotiabank reiterated a "sector outperform" rating and issued a $140.00 price objective (up previously from $109.00) on shares of Colliers International Group in a research report on Friday, January 19th. Royal Bank of Canada reiterated an "outperform" rating and issued a $150.00 price objective on shares of Colliers International Group in a research report on Thursday, February 29th. Stifel Nicolaus increased their price objective on Colliers International Group from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, February 2nd. Finally, National Bankshares cut Colliers International Group from an "outperform" rating to a "sector perform" rating and set a $125.00 price objective for the company. in a research report on Thursday, January 4th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $139.13.

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.