CDAM UK Ltd Decreases Stock Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

CDAM UK Ltd decreased its position in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 8.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 612,916 shares of the financial services provider's stock after selling 57,195 shares during the period. Colliers International Group comprises 13.7% of CDAM UK Ltd's portfolio, making the stock its biggest position. CDAM UK Ltd owned about 1.25% of Colliers International Group worth $93,047,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Colliers International Group by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,300,961 shares of the financial services provider's stock worth $159,016,000 after purchasing an additional 5,152 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Colliers International Group by 47.6% in the second quarter. The Manufacturers Life Insurance Company now owns 1,011,898 shares of the financial services provider's stock valued at $112,834,000 after buying an additional 326,453 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Colliers International Group by 5.9% during the second quarter. Victory Capital Management Inc. now owns 743,150 shares of the financial services provider's stock worth $82,973,000 after buying an additional 41,225 shares during the last quarter. Bank of Montreal Can raised its position in Colliers International Group by 0.9% during the second quarter. Bank of Montreal Can now owns 689,358 shares of the financial services provider's stock worth $76,703,000 after acquiring an additional 6,178 shares in the last quarter. Finally, Vulcan Value Partners LLC raised its position in Colliers International Group by 4.6% during the second quarter. Vulcan Value Partners LLC now owns 454,181 shares of the financial services provider's stock worth $50,767,000 after acquiring an additional 20,150 shares in the last quarter. Institutional investors own 80.09% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CIGI. Royal Bank of Canada boosted their price objective on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. National Bankshares upped their price objective on Colliers International Group from $125.00 to $137.00 and gave the company a "sector perform" rating in a research note on Friday, August 2nd. Scotiabank lifted their target price on Colliers International Group from $155.00 to $167.50 and gave the stock a "sector outperform" rating in a research note on Wednesday, November 6th. BMO Capital Markets increased their price target on Colliers International Group from $163.00 to $164.00 and gave the company an "outperform" rating in a research note on Friday, September 13th. Finally, StockNews.com cut shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Colliers International Group currently has an average rating of "Moderate Buy" and a consensus price target of $160.42.

Colliers International Group Stock Performance

NASDAQ CIGI traded up $8.44 on Monday, reaching $154.17. The stock had a trading volume of 142,256 shares, compared to its average volume of 113,642. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $7.57 billion, a P/E ratio of 49.10 and a beta of 1.50. The firm has a fifty day moving average of $149.28 and a two-hundred day moving average of $133.26. Colliers International Group Inc. has a 1-year low of $101.01 and a 1-year high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.17). The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. Colliers International Group's revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 earnings per share. On average, equities research analysts anticipate that Colliers International Group Inc. will post 5.44 EPS for the current 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.