Ceredex Value Advisors LLC lessened its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 16.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 69,344 shares of the financial services provider's stock after selling 13,250 shares during the quarter. Ceredex Value Advisors LLC owned about 0.14% of Colliers International Group worth $9,429,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in CIGI. FIL Ltd increased its holdings in Colliers International Group by 116.5% in the 4th quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider's stock valued at $210,449,000 after acquiring an additional 832,583 shares during the last quarter. Norges Bank purchased a new stake in shares of Colliers International Group in the fourth quarter worth about $74,615,000. Franklin Resources Inc. boosted its stake in Colliers International Group by 100.8% during the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock valued at $102,261,000 after buying an additional 340,691 shares during the last quarter. Artisan Partners Limited Partnership grew its holdings in Colliers International Group by 67.7% during 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 buying an additional 176,232 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Colliers International Group by 53.2% in the 4th quarter. American Century Companies Inc. now owns 222,232 shares of the financial services provider's stock worth $30,218,000 after acquiring an additional 77,204 shares during the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages recently weighed in on CIGI. National Bankshares reduced their price target on shares of Colliers International Group from $182.00 to $169.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Royal Bank of Canada lifted 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. Raymond James dropped their target price on Colliers International Group from $175.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, February 7th. The Goldman Sachs Group lowered their price target on Colliers International Group from $165.00 to $145.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Finally, BMO Capital Markets cut their price objective on shares of 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. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $161.80.
View Our Latest Stock Analysis on CIGI
Colliers International Group Stock Up 1.6 %
Shares of CIGI stock traded up $1.77 during mid-day trading on Tuesday, hitting $112.97. The stock had a trading volume of 12,512 shares, compared to its average volume of 116,319. The firm has a market capitalization of $5.57 billion, a P/E ratio of 35.42 and a beta of 1.36. 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 Inc. has a 12-month low of $100.86 and a 12-month high of $156.96. The firm's 50-day moving average is $121.52 and its two-hundred day moving average is $136.21.
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 analysts' consensus estimates of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. On average, analysts predict that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.
Colliers International Group Company Profile
(
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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