American Century Companies Inc. Grows Stock Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

American Century Companies Inc. increased its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 53.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 222,232 shares of the financial services provider's stock after acquiring an additional 77,204 shares during the quarter. American Century Companies Inc. owned approximately 0.45% of Colliers International Group worth $30,218,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CIGI. Plato Investment Management Ltd raised its stake in shares of Colliers International Group by 16.0% during the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider's stock worth $117,000 after purchasing an additional 118 shares during the period. Tobam raised its position in Colliers International Group by 12.0% in the fourth quarter. Tobam now owns 913 shares of the financial services provider's stock worth $124,000 after acquiring an additional 98 shares during the period. Venturi Wealth Management LLC purchased a new position in Colliers International Group in the fourth quarter valued at about $145,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Colliers International Group by 112.5% during the 4th 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 period. Finally, Blue Trust Inc. increased its stake in shares of Colliers International Group by 65.1% during the 4th quarter. Blue Trust Inc. now owns 1,539 shares of the financial services provider's stock worth $209,000 after purchasing an additional 607 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company's stock.

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Analyst Upgrades and Downgrades

CIGI has been the topic of several research analyst reports. Colliers Securities set a $160.00 price objective on Colliers International Group in a research note on Tuesday, March 4th. Scotiabank decreased their price objective on Colliers International Group from $166.00 to $165.00 and set a "sector outperform" rating for the company in a report on Monday. William Blair restated an "outperform" rating on shares of Colliers International Group in a research note on Friday, February 28th. Raymond James cut their target price on shares of Colliers International Group from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. began coverage on shares of Colliers International Group in a research report on Monday, December 16th. They issued a "neutral" rating and a $167.00 price target on the stock. 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, Colliers International Group currently has an average rating of "Moderate Buy" and a consensus price target of $164.30.

Colliers International Group Trading Up 0.9 %

CIGI stock traded up $1.11 during trading on Monday, reaching $121.30. The company had a trading volume of 80,069 shares, compared to its average volume of 113,474. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. Colliers International Group Inc. has a 52 week low of $101.01 and a 52 week high of $156.96. The business has a 50 day moving average of $130.73 and a 200 day moving average of $140.51. The company has a market cap of $5.98 billion, a P/E ratio of 38.03 and a beta of 1.58.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced 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 return on equity of 20.38% and a net margin of 3.35%. As a group, sell-side analysts forecast 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.