Colliers International Group Inc. (NASDAQ:CIGI) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lessened its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 636,009 shares of the financial services provider's stock after selling 46,204 shares during the period. Bank of Montreal Can owned 1.29% of Colliers International Group worth $86,380,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Plato Investment Management Ltd increased its position 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 worth $117,000 after acquiring an additional 118 shares during the period. Tobam lifted its holdings in shares of Colliers International Group by 12.0% in 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 purchased a new stake in shares of Colliers International Group in the 4th quarter worth $145,000. CIBC Private Wealth Group LLC increased its stake in shares of 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 buying an additional 378 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in 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 worth $171,000 after acquiring an additional 667 shares in the last quarter. Institutional investors own 80.09% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have recently commented on CIGI. CIBC started coverage on shares of Colliers International Group in a report on Tuesday, March 4th. They issued a "sector outperform" rating and a $160.00 price target for the company. BMO Capital Markets reduced their price target on Colliers International Group from $177.00 to $172.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. Raymond James dropped their price objective on Colliers International Group from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. National Bankshares reduced their target price on shares of Colliers International Group from $182.00 to $169.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Finally, Royal Bank of Canada boosted their price objective on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an "outperform" rating 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $161.80.

Colliers International Group Stock Performance

CIGI traded up $1.38 during midday trading on Monday, hitting $112.93. 18,218 shares of the company were exchanged, compared to its average volume of 116,841. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 35.40 and a beta of 1.36. The company's 50 day simple moving average is $124.23 and its 200 day simple moving average is $137.76. 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 1-year low of $100.86 and a 1-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 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 predict that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

Colliers International Group Company 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.