Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $915,000 Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 58.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,731 shares of the financial services provider's stock after purchasing an additional 2,490 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Colliers International Group were worth $915,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Thrivent Financial for Lutherans increased its holdings in Colliers International Group by 49.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 25,485 shares of the financial services provider's stock valued at $3,465,000 after buying an additional 8,484 shares during the last quarter. Polen Capital Management LLC bought a new stake in Colliers International Group during the 4th quarter valued at $1,118,000. Aviso Financial Inc. lifted its holdings in Colliers International Group by 6.6% in the fourth quarter. Aviso Financial Inc. now owns 31,448 shares of the financial services provider's stock worth $4,276,000 after purchasing an additional 1,951 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Colliers International Group by 13.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 183,400 shares of the financial services provider's stock valued at $24,909,000 after acquiring an additional 21,600 shares during the period. Finally, King Luther Capital Management Corp raised its stake in shares of Colliers International Group by 2.2% in the 4th quarter. King Luther Capital Management Corp now owns 14,957 shares of the financial services provider's stock worth $2,034,000 after buying an additional 318 shares in the last quarter. Institutional investors and hedge funds own 80.09% of the company's stock.

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Colliers International Group Stock Performance

Shares of CIGI traded down $2.65 during mid-day trading on Friday, reaching $120.19. The company's stock had a trading volume of 92,426 shares, compared to its average volume of 113,607. The business has a 50-day simple moving average of $130.73 and a two-hundred day simple moving average of $140.51. The stock has a market cap of $5.93 billion, a P/E ratio of 37.68 and a beta of 1.58. 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.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (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, equities research analysts anticipate that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CIGI. BMO Capital Markets cut their target price on Colliers International Group from $177.00 to $172.00 and set a "market perform" rating on the stock in a research report on Friday, February 7th. Colliers Securities set a $160.00 price objective on Colliers International Group in a research report on Tuesday, March 4th. CIBC started coverage on Colliers International Group in a research report on Tuesday, March 4th. They issued a "sector outperform" rating and a $160.00 price target for the company. William Blair reissued an "outperform" rating on shares of Colliers International Group in a research report on Friday, February 28th. Finally, Cibc World Mkts raised Colliers International Group to a "strong-buy" rating in a research report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $164.40.

Colliers International Group 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.