Colliers International Group Inc. (NASDAQ:CIGI) is BloombergSen Inc.'s 7th Largest Position

BloombergSen Inc. decreased its position in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 39.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 661,194 shares of the financial services provider's stock after selling 422,644 shares during the period. Colliers International Group accounts for about 5.8% of BloombergSen Inc.'s investment portfolio, making the stock its 7th largest position. BloombergSen Inc. owned about 1.35% of Colliers International Group worth $100,376,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in Colliers International Group by 3,377.8% during the 2nd quarter. Blue Trust Inc. now owns 313 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 304 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in shares of Colliers International Group by 93.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 469 shares of the financial services provider's stock valued at $52,000 after buying an additional 226 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Colliers International Group in the first quarter worth $118,000. Bayesian Capital Management LP purchased a new position in shares of Colliers International Group in the first quarter worth $205,000. Finally, Capstone Investment Advisors LLC bought a new position in shares of Colliers International Group during the first quarter worth $229,000. Hedge funds and other institutional investors own 80.09% of the company's stock.

Colliers International Group Trading Up 0.4 %

Shares of NASDAQ:CIGI traded up $0.63 during trading on Friday, hitting $151.85. The company had a trading volume of 123,790 shares, compared to its average volume of 114,795. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 48.36 and a beta of 1.50. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.03 and a quick ratio of 1.03. The company has a fifty day simple moving average of $148.53 and a two-hundred day simple moving average of $130.27. Colliers International Group Inc. has a one year low of $94.85 and a one year high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.17). Colliers International Group had a return on equity of 23.60% and a net margin of 3.20%. The firm had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts forecast that Colliers International Group Inc. will post 5.63 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on CIGI shares. National Bank Financial upgraded shares of Colliers International Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Raymond James downgraded Colliers International Group from a "strong-buy" rating to an "outperform" rating and boosted their target price for the stock from $150.00 to $160.00 in a research report on Friday, August 2nd. Stifel Nicolaus increased their price target on Colliers International Group from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Scotiabank lifted their price objective on Colliers International Group from $155.00 to $167.50 and gave the stock a "sector outperform" rating in a research note on Wednesday. Finally, Royal Bank of Canada upped their price objective on Colliers International Group from $160.00 to $174.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $160.42.

About Colliers International Group

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.