Bank of Montreal Can Decreases Stock Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Bank of Montreal Can trimmed its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 682,213 shares of the financial services provider's stock after selling 7,145 shares during the period. Bank of Montreal Can owned approximately 1.39% of Colliers International Group worth $101,196,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CIGI. Blue Trust Inc. boosted its position 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 buying an additional 304 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Colliers International Group by 93.0% during the 2nd 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 in the last quarter. Plato Investment Management Ltd purchased a new stake in Colliers International Group in the third quarter worth about $112,000. Bayesian Capital Management LP purchased a new position in shares of Colliers International Group during the first quarter valued at approximately $205,000. Finally, Stonegate Investment Group LLC bought a new position in Colliers International Group during the 3rd quarter valued at approximately $264,000. 80.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CIGI has been the topic of several recent analyst reports. Raymond James downgraded shares of Colliers International Group from a "strong-buy" rating to an "outperform" rating and increased their price objective for the company from $150.00 to $160.00 in a research report on Friday, August 2nd. Scotiabank upped their price objective on Colliers International Group from $155.00 to $167.50 and gave the company a "sector outperform" rating in a research report on Wednesday, November 6th. National Bank Financial raised Colliers International Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 5th. Stifel Nicolaus upped their price target on Colliers International Group from $155.00 to $160.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Finally, National Bankshares boosted their target price on Colliers International Group from $125.00 to $137.00 and gave the stock a "sector perform" rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Colliers International Group presently has an average rating of "Moderate Buy" and an average target price of $160.42.

Colliers International Group Price Performance

Shares of NASDAQ CIGI traded up $1.90 during mid-day trading on Wednesday, reaching $153.40. The company's stock had a trading volume of 6,448 shares, compared to its average volume of 112,887. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17. Colliers International Group Inc. has a 52 week low of $101.01 and a 52 week high of $156.96. The stock has a fifty day moving average of $149.54 and a two-hundred day moving average of $133.82. The firm has a market capitalization of $7.54 billion, a PE ratio of 48.25 and a beta of 1.50.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.17). Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The company had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same period last year, the business earned $1.10 earnings per share. The company's quarterly revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Colliers International Group Inc. will post 5.44 EPS for the current fiscal 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.