Natixis Advisors L.P. reduced its position in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 49.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,578 shares of the financial services provider's stock after selling 13,108 shares during the quarter. Natixis Advisors L.P.'s holdings in Colliers International Group were worth $1,717,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of CIGI. Tobam acquired a new stake in shares of Colliers International Group during the fourth quarter worth $58,000. Compass Ion Advisors LLC acquired a new position in shares of Colliers International Group during the third quarter worth about $219,000. Cornerstone Investment Partners LLC bought a new position in shares of Colliers International Group during the fourth quarter worth about $252,000. Bank of Nova Scotia raised its position in Colliers International Group by 7.2% in the 3rd quarter. Bank of Nova Scotia now owns 2,796 shares of the financial services provider's stock valued at $266,000 after buying an additional 187 shares during the last quarter. Finally, Shell Asset Management Co. boosted its position in Colliers International Group by 30.4% during the 3rd quarter. Shell Asset Management Co. now owns 3,431 shares of the financial services provider's stock worth $328,000 after acquiring an additional 800 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors and hedge funds.
Colliers International Group Stock Up 3.2 %
NASDAQ:CIGI traded up $3.59 during trading hours on Wednesday, reaching $116.84. 122,438 shares of the company traded hands, compared to its average volume of 116,144. The business's 50-day moving average price is $114.73 and its two-hundred day moving average price is $113.82. The stock has a market capitalization of $5.71 billion, a P/E ratio of 57.00 and a beta of 1.50. Colliers International Group Inc. has a 1 year low of $83.38 and a 1 year high of $131.05. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.15.
Analyst Ratings Changes
Several research firms recently issued reports on CIGI. Raymond James upped their target price on Colliers International Group from $140.00 to $145.00 and gave the stock a "strong-buy" rating in a report on Friday, February 9th. Stifel Nicolaus lifted their price target on Colliers International Group from $130.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, February 2nd. BMO Capital Markets lifted their price objective on 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 lowered their target price on Colliers International Group from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, May 3rd. Finally, Scotiabank decreased their price objective on Colliers International Group from $140.00 to $135.00 and set a "sector outperform" rating for the company in a report on Wednesday, April 17th. Two investment 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $137.57.
Get Our Latest Analysis on Colliers International Group
Colliers International Group 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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