Clearbridge Investments LLC trimmed its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 251,310 shares of the financial services provider's stock after selling 2,652 shares during the quarter. Clearbridge Investments LLC owned approximately 0.51% of Colliers International Group worth $34,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in CIGI. Norges Bank bought a new stake in shares of Colliers International Group during the 4th quarter valued at about $74,615,000. Janus Henderson Group PLC bought a new position in shares of Colliers International Group during the 3rd quarter worth approximately $69,920,000. Franklin Resources Inc. grew its position in shares of Colliers International Group by 100.8% during the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock worth $102,261,000 after buying an additional 340,691 shares during the period. Artisan Partners Limited Partnership increased its stake in shares of Colliers International Group by 67.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider's stock valued at $59,320,000 after acquiring an additional 176,232 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Colliers International Group by 53.2% during the 4th quarter. American Century Companies Inc. now owns 222,232 shares of the financial services provider's stock valued at $30,218,000 after acquiring an additional 77,204 shares during the period. 80.09% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the stock. Raymond James reduced their price target on shares of Colliers International Group from $175.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, February 7th. JPMorgan Chase & Co. began coverage on Colliers International Group in a research note on Monday, December 16th. They issued a "neutral" rating and a $167.00 target price for the company. StockNews.com downgraded Colliers International Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. Colliers Securities set a $160.00 price objective on Colliers International Group in a research note on Tuesday, March 4th. Finally, CIBC initiated coverage on Colliers International Group in a research report on Tuesday, March 4th. They set a "sector outperform" rating and a $160.00 target price on the stock. Four 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $164.30.
Read Our Latest Report on CIGI
Colliers International Group Stock Down 3.5 %
Shares of CIGI stock traded down $4.09 on Friday, hitting $112.17. The stock had a trading volume of 175,691 shares, compared to its average volume of 114,438. Colliers International Group Inc. has a 12-month low of $101.01 and a 12-month high of $156.96. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 35.16 and a beta of 1.36. The business has a 50 day moving average of $128.62 and a 200 day moving average of $139.58. 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 (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, analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current year.
Colliers International Group Company Profile
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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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