Wellington Management Group LLP Sells 133,257 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Wellington Management Group LLP lessened its holdings in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 87.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,707 shares of the financial services provider's stock after selling 133,257 shares during the quarter. Wellington Management Group LLP's holdings in Colliers International Group were worth $2,679,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Plato Investment Management Ltd increased its holdings in shares of 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 lifted its holdings in shares of 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 buying an additional 98 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of Colliers International Group in the 4th quarter worth $145,000. CIBC Private Wealth Group LLC grew its holdings in shares of 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 acquiring an additional 378 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its position in Colliers International Group by 112.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,260 shares of the financial services provider's stock valued at $171,000 after acquiring an additional 667 shares during the last quarter. Institutional investors own 80.09% of the company's stock.

Analyst Ratings Changes

CIGI has been the subject of a number of recent research reports. William Blair restated 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. JPMorgan Chase & Co. reduced their price target on Colliers International Group from $167.00 to $142.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. StockNews.com lowered shares of Colliers International Group from a "buy" rating to a "hold" rating in a report on Thursday, March 20th. Finally, Cibc World Mkts upgraded shares of Colliers International Group to a "strong-buy" rating in a research report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $161.80.

Colliers International Group Trading Up 0.6 %

CIGI stock traded up $0.66 during midday trading on Friday, reaching $114.06. 85,471 shares of the company traded hands, compared to its average volume of 116,743. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 35.76 and a beta of 1.36. Colliers International Group Inc. has a 52-week low of $100.86 and a 52-week high of $156.96. The business has a 50 day moving average of $122.29 and a 200-day moving average of $136.93. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly 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, sell-side analysts expect that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

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.