Colliers International Group Inc. (NASDAQ:CIGI) Stock Holdings Decreased by Royce & Associates LP

Royce & Associates LP decreased its position in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 417,907 shares of the financial services provider's stock after selling 47,265 shares during the quarter. Royce & Associates LP owned 0.85% of Colliers International Group worth $56,823,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CIGI. State of New Jersey Common Pension Fund D acquired a new position in Colliers International Group in the third quarter worth $702,000. Plato Investment Management Ltd acquired a new position in shares of Colliers International Group in the 3rd quarter valued at about $112,000. Empowered Funds LLC grew its position in shares of Colliers International Group by 60.5% during the 3rd quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider's stock valued at $1,885,000 after buying an additional 4,678 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in Colliers International Group during the third quarter worth about $2,581,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Colliers International Group by 114.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 161,800 shares of the financial services provider's stock worth $24,552,000 after acquiring an additional 86,469 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors.

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Colliers International Group Price Performance

NASDAQ:CIGI traded down $0.21 during mid-day trading on Thursday, reaching $123.79. 82,096 shares of the stock were exchanged, compared to its average volume of 112,856. Colliers International Group Inc. has a 1-year low of $101.01 and a 1-year high of $156.96. 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 firm has a market capitalization of $6.10 billion, a PE ratio of 38.81 and a beta of 1.58. The business has a fifty day moving average price of $132.06 and a 200 day moving average price of $141.39.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its 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%. Research analysts expect that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CIGI. Royal Bank of Canada increased their price target on Colliers International Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. CIBC assumed coverage on Colliers International Group in a research report on Tuesday, March 4th. They issued a "sector outperform" rating and a $160.00 target price on the stock. National Bankshares reduced their price target 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. Colliers Securities set a $160.00 price objective on shares of Colliers International Group in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. began coverage on shares of Colliers International Group in a research note on Monday, December 16th. They set a "neutral" rating and a $167.00 target price for the company. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $164.40.

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.