T. Rowe Price Investment Management Inc. Cuts Position in Colliers International Group Inc. (NASDAQ:CIGI)

T. Rowe Price Investment Management Inc. decreased its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 15.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 616,654 shares of the financial services provider's stock after selling 113,898 shares during the period. T. Rowe Price Investment Management Inc. owned 1.25% of Colliers International Group worth $83,847,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Tower Research Capital LLC TRC grew its stake in Colliers International Group by 1,752.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 298 shares in the last quarter. Plato Investment Management Ltd grew its stake in Colliers International Group by 16.0% during the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider's stock valued at $117,000 after acquiring an additional 118 shares in the last quarter. Tobam grew its stake in Colliers International Group by 12.0% during the fourth quarter. Tobam now owns 913 shares of the financial services provider's stock valued at $124,000 after acquiring an additional 98 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Colliers International Group during the fourth quarter valued at approximately $145,000. Finally, CIBC Private Wealth Group LLC grew its stake in Colliers International Group by 44.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider's stock valued at $164,000 after acquiring an additional 378 shares in the last quarter. Institutional investors own 80.09% of the company's stock.

Colliers International Group Stock Down 0.4 %

Shares of CIGI traded down $0.52 during trading hours on Thursday, hitting $118.85. The company had a trading volume of 25,217 shares, compared to its average volume of 114,693. The company's fifty day moving average price is $119.58 and its two-hundred day moving average price is $134.86. The company has a market capitalization of $5.86 billion, a PE ratio of 37.27 and a beta of 1.36. 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 one year low of $100.86 and a one year high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) 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, equities analysts forecast that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on CIGI. Stifel Nicolaus cut their price target on shares of Colliers International Group from $165.00 to $160.00 and set a "buy" rating for the company in a research note on Monday. BMO Capital Markets dropped their price target on Colliers International Group from $177.00 to $172.00 and set a "market perform" rating on the stock in a research report on Friday, February 7th. William Blair reiterated an "outperform" rating on shares of Colliers International Group in a research note on Friday, February 28th. Royal Bank of Canada upped their price objective on Colliers International Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, National Bankshares decreased their target price on Colliers International Group from $182.00 to $169.00 and set an "outperform" rating on the stock in a research note 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 MarketBeat.com, Colliers International Group has an average rating of "Moderate Buy" and an average price target of $161.80.

Colliers International Group 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.