Arrowstreet Capital Limited Partnership bought a new stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,560 shares of the financial services provider's stock, valued at approximately $755,000.
Other hedge funds have also modified their holdings of the company. Plato Investment Management Ltd grew its position in 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 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 worth $124,000 after acquiring 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 valued at approximately $145,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Colliers International Group by 112.5% in 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 purchasing an additional 667 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Colliers International Group during the fourth quarter worth $180,000. 80.09% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on CIGI. BMO Capital Markets reduced their target price on shares of Colliers International Group from $177.00 to $172.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. National Bankshares lowered their price objective on Colliers International Group from $182.00 to $169.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Scotiabank reduced their price target on Colliers International Group from $166.00 to $165.00 and set a "sector outperform" rating for the company in a report on Monday, March 31st. 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 report on Friday, February 7th. Finally, Raymond James reduced their target price on Colliers International Group from $175.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Colliers International Group has an average rating of "Moderate Buy" and an average price target of $161.80.
View Our Latest Analysis on Colliers International Group
Colliers International Group Price Performance
NASDAQ CIGI traded down $0.61 during trading hours on Wednesday, reaching $113.25. The company's stock had a trading volume of 49,245 shares, compared to its average volume of 117,140. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06. The company's 50-day moving average is $123.15 and its two-hundred day moving average is $137.35. Colliers International Group Inc. has a fifty-two week low of $100.86 and a fifty-two week high of $156.96. The stock has a market cap of $5.58 billion, a PE ratio of 35.50 and a beta of 1.36.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its quarterly earnings data 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%. Analysts forecast that Colliers International Group Inc. will post 6.2 EPS for the current year.
About Colliers International Group
(
Free Report)
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.
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