Colliers International Group Inc. (NASDAQ:CIGI) Shares Sold by First Pacific Advisors LP

First Pacific Advisors LP lessened its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 79.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,450 shares of the financial services provider's stock after selling 13,350 shares during the period. First Pacific Advisors LP's holdings in Colliers International Group were worth $469,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Colliers International Group by 17.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,998 shares of the financial services provider's stock worth $1,495,000 after purchasing an additional 1,652 shares in the last quarter. PCJ Investment Counsel Ltd. raised its stake in Colliers International Group by 17.1% in the fourth quarter. PCJ Investment Counsel Ltd. now owns 51,540 shares of the financial services provider's stock valued at $7,001,000 after buying an additional 7,520 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Colliers International Group in the fourth quarter worth about $1,259,000. Plato Investment Management Ltd grew its position in Colliers International Group by 16.0% during the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider's stock worth $117,000 after purchasing an additional 118 shares during the last quarter. Finally, Versor Investments LP acquired a new position in shares of Colliers International Group in the 4th quarter valued at $512,000. Institutional investors own 80.09% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CIGI shares. Cibc World Mkts upgraded Colliers International Group to a "strong-buy" rating in a research report on Tuesday, March 4th. Raymond James lowered their target price on shares of Colliers International Group from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. National Bankshares dropped 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 note on Friday, February 7th. The Goldman Sachs Group began coverage on Colliers International Group in a research note on Friday, December 6th. They issued a "neutral" rating and a $170.00 price target on the stock. Finally, Royal Bank of Canada upped their price objective on shares of Colliers International Group from $170.00 to $175.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $166.90.

Colliers International Group Trading Down 3.0 %

Shares of NASDAQ CIGI traded down $3.70 during mid-day trading on Thursday, reaching $118.90. 182,961 shares of the company's stock were exchanged, compared to its average volume of 112,582. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of 37.27 and a beta of 1.58. The company's 50-day moving average is $133.37 and its 200-day moving average is $142.14. Colliers International Group Inc. has a 52-week low of $101.01 and a 52-week high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. Analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

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.