State of Tennessee Department of Treasury Buys New Shares in Colliers International Group Inc. (NASDAQ:CIGI)

State of Tennessee Department of Treasury acquired a new position in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,112 shares of the financial services provider's stock, valued at approximately $1,918,000.

A number of other large investors have also recently modified their holdings of CIGI. Tower Research Capital LLC TRC raised its holdings in Colliers International Group by 1,752.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock worth $43,000 after purchasing an additional 298 shares in the last quarter. Plato Investment Management Ltd increased its stake in shares of Colliers International Group by 16.0% in the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider's stock worth $117,000 after acquiring an additional 118 shares in the last quarter. Tobam lifted its position in Colliers International Group by 12.0% during the 4th quarter. Tobam now owns 913 shares of the financial services provider's stock valued at $124,000 after acquiring an additional 98 shares during the period. Venturi Wealth Management LLC bought a new stake in Colliers International Group during the fourth quarter worth about $145,000. Finally, CIBC Private Wealth Group LLC grew its holdings 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 worth $164,000 after purchasing an additional 378 shares during the period. Institutional investors own 80.09% of the company's stock.

Analysts Set New Price Targets

CIGI has been the topic of a number of analyst reports. Raymond James dropped their price target on Colliers International Group from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. CIBC began coverage on Colliers International Group in a report on Tuesday, March 4th. They issued a "sector outperform" rating and a $160.00 target price on the stock. William Blair reaffirmed an "outperform" rating on shares of Colliers International Group in a research report on Friday, February 28th. The Goldman Sachs Group cut their price objective on shares of Colliers International Group from $165.00 to $145.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Finally, National Bankshares decreased their target price on shares of Colliers International Group from $182.00 to $169.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $161.80.

Colliers International Group Stock Performance

CIGI stock traded up $2.84 during midday trading on Friday, reaching $121.85. 66,930 shares of the company's stock traded hands, compared to its average volume of 114,323. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. Colliers International Group Inc. has a 52-week low of $100.86 and a 52-week high of $156.96. The stock has a market cap of $6.01 billion, a P/E ratio of 38.20 and a beta of 1.36. The stock's 50-day moving average is $119.36 and its 200 day moving average is $134.45.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. As a group, analysts anticipate that Colliers International Group Inc. will post 6.2 EPS for the current year.

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.