CIBC Asset Management Inc Decreases Stake in Colliers International Group Inc. (NASDAQ:CIGI)

CIBC Asset Management Inc decreased its holdings in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 18.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 348,438 shares of the financial services provider's stock after selling 77,631 shares during the period. CIBC Asset Management Inc owned approximately 0.71% of Colliers International Group worth $52,901,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings 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 purchasing an additional 304 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in 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 purchasing an additional 226 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in Colliers International Group during the 3rd quarter worth approximately $112,000. Bayesian Capital Management LP purchased a new stake in Colliers International Group during the 1st quarter worth approximately $205,000. Finally, Motco acquired a new stake in Colliers International Group in the first quarter valued at $237,000. 80.09% of the stock is owned by institutional investors and hedge funds.

Colliers International Group Trading Down 1.1 %

Shares of Colliers International Group stock traded down $1.61 during trading hours on Friday, hitting $144.98. The company's stock had a trading volume of 71,562 shares, compared to its average volume of 113,662. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.03. Colliers International Group Inc. has a 12 month low of $101.01 and a 12 month high of $156.96. The stock has a 50 day moving average of $149.13 and a 200 day moving average of $131.39. The company has a market capitalization of $7.12 billion, a PE ratio of 46.68 and a beta of 1.50.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.17). The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The company's revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $1.10 earnings per share. Analysts predict that Colliers International Group Inc. will post 5.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

CIGI has been the subject of a number of research analyst reports. Scotiabank boosted their price target on Colliers International Group from $155.00 to $167.50 and gave the company a "sector outperform" rating in a report on Wednesday, November 6th. BMO Capital Markets lifted their price target on shares of Colliers International Group from $163.00 to $164.00 and gave the company an "outperform" rating in a report on Friday, September 13th. StockNews.com downgraded shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Raymond James cut shares of Colliers International Group from a "strong-buy" rating to an "outperform" rating and raised their target price for the stock from $150.00 to $160.00 in a report on Friday, August 2nd. Finally, Royal Bank of Canada upped their price objective on Colliers International Group from $160.00 to $174.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Two research 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 company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $160.42.

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.