Artisan Partners Limited Partnership lifted its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 67.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 436,397 shares of the financial services provider's stock after buying an additional 176,232 shares during the quarter. Artisan Partners Limited Partnership owned 0.89% of Colliers International Group worth $59,320,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Plato Investment Management Ltd raised its stake 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 purchasing an additional 118 shares during the period. Tobam increased its stake 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 buying an additional 98 shares during the period. Venturi Wealth Management LLC acquired a new position in Colliers International Group in the 4th quarter worth $145,000. Whittier Trust Co. of Nevada Inc. boosted its position in Colliers International Group by 112.5% in 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 buying an additional 667 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Colliers International Group during the fourth quarter valued at about $180,000. 80.09% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts recently commented on CIGI shares. BMO Capital Markets cut 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 note on Friday, February 7th. National Bankshares cut 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 downgraded shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th. Royal Bank of Canada upped their price target on shares of Colliers International Group from $170.00 to $175.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Finally, William Blair reissued an "outperform" rating on shares of Colliers International Group in a report on Friday, February 28th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $164.30.
View Our Latest Report on Colliers International Group
Colliers International Group Stock Performance
CIGI traded up $0.82 on Monday, hitting $121.01. 41,647 shares of the company's stock were exchanged, compared to its average volume of 125,931. 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 fifty day moving average of $130.73 and a two-hundred day moving average of $140.51. Colliers International Group Inc. has a twelve month low of $101.01 and a twelve month high of $156.96. The firm has a market cap of $5.97 billion, a PE ratio of 37.93 and a beta of 1.58.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing analysts' consensus estimates of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. On average, research analysts anticipate that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal 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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