State of Tennessee Department of Treasury Invests $1.92 Million in Colliers International Group Inc. (NASDAQ:CIGI)

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

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Colliers International Group by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider's stock valued at $253,867,000 after purchasing an additional 21,422 shares in the last quarter. FIL Ltd raised its stake in Colliers International Group by 116.5% during the 4th quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider's stock worth $210,449,000 after acquiring an additional 832,583 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Colliers International Group by 100.8% during the third 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 in the last quarter. Alberta Investment Management Corp boosted its position in shares of Colliers International Group by 3.4% in the 4th quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider's stock valued at $85,143,000 after purchasing an additional 20,794 shares during the period. Finally, Norges Bank purchased a new position in Colliers International Group during the 4th quarter worth approximately $74,615,000. 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. BMO Capital Markets cut their target price on shares of Colliers International Group from $177.00 to $172.00 and set a "market perform" rating on the stock in a report on Friday, February 7th. National Bankshares dropped their target price on Colliers International Group from $182.00 to $169.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. StockNews.com cut Colliers International Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th. CIBC assumed coverage on shares of Colliers International Group in a research note on Tuesday, March 4th. They set a "sector outperform" rating and a $160.00 price target on the stock. Finally, Cibc World Mkts raised Colliers International Group to a "strong-buy" rating in a research note on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $161.80.

Colliers International Group Trading Down 0.1 %

Shares of Colliers International Group stock traded down $0.10 during mid-day trading on Monday, hitting $121.75. 18,728 shares of the stock were exchanged, compared to its average volume of 113,673. The company has a 50-day simple moving average of $119.36 and a 200 day simple moving average of $134.23. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 38.13 and a beta of 1.36. Colliers International Group Inc. has a twelve month low of $100.86 and a twelve month high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing analysts' consensus estimates of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. Research analysts forecast that Colliers International Group Inc. will post 6.2 EPS for the current year.

Colliers International Group Company 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.