Swiss National Bank lowered its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,800 shares of the financial services provider's stock after selling 9,800 shares during the period. Swiss National Bank owned 0.18% of Colliers International Group worth $10,366,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP raised its position in Colliers International Group by 181.6% during the 3rd quarter. Wellington Management Group LLP now owns 494,012 shares of the financial services provider's stock worth $47,125,000 after buying an additional 318,591 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Colliers International Group by 33.6% during the fourth quarter. Mackenzie Financial Corp now owns 725,052 shares of the financial services provider's stock worth $91,754,000 after purchasing an additional 182,167 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in Colliers International Group during the third quarter valued at $13,767,000. Ameriprise Financial Inc. boosted its holdings in Colliers International Group by 10.0% in the third quarter. Ameriprise Financial Inc. now owns 718,321 shares of the financial services provider's stock valued at $68,420,000 after purchasing an additional 65,332 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Colliers International Group by 9.4% during the 4th quarter. Victory Capital Management Inc. now owns 710,420 shares of the financial services provider's stock worth $89,882,000 after purchasing an additional 61,295 shares during the period. 80.09% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
CIGI has been the topic of a number of recent research reports. Stifel Nicolaus upped their target price on Colliers International Group from $130.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, February 2nd. BMO Capital Markets raised their price objective on shares of Colliers International Group from $129.00 to $137.00 and gave the stock an "outperform" rating in a research note on Friday, February 9th. Royal Bank of Canada cut their target price on shares of Colliers International Group from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, May 3rd. Scotiabank lowered their price target on shares of Colliers International Group from $140.00 to $135.00 and set a "sector outperform" rating on the stock in a report on Wednesday, April 17th. Finally, Raymond James lifted their price objective on shares of Colliers International Group from $140.00 to $145.00 and gave the company a "strong-buy" rating in a report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Colliers International Group presently has a consensus rating of "Moderate Buy" and an average target price of $137.57.
View Our Latest Stock Report on Colliers International Group
Colliers International Group Price Performance
Colliers International Group stock traded down $1.23 during trading on Monday, reaching $112.94. The company had a trading volume of 77,804 shares, compared to its average volume of 116,417. The firm has a market capitalization of $5.52 billion, a PE ratio of 55.09 and a beta of 1.50. The firm's 50-day simple moving average is $114.81 and its 200 day simple moving average is $113.65. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.18 and a current ratio of 1.18. Colliers International Group Inc. has a 1-year low of $83.38 and a 1-year high of $131.05.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its earnings results on Thursday, February 8th. The financial services provider reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.01). Colliers International Group had a net margin of 2.25% and a return on equity of 26.28%. The firm had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.20 billion. As a group, equities research analysts anticipate that Colliers International Group Inc. will post 5.52 earnings per share for the current fiscal year.
About Colliers International Group
(
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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