Connor Clark & Lunn Investment Management Ltd. Has $24.91 Million Stock Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 13.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,400 shares of the financial services provider's stock after buying an additional 21,600 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.37% of Colliers International Group worth $24,909,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Plato Investment Management Ltd bought a new stake in Colliers International Group during the 3rd quarter worth about $112,000. Tobam lifted its position in Colliers International Group by 12.0% during the 4th quarter. Tobam now owns 913 shares of the financial services provider's stock worth $124,000 after buying an additional 98 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Colliers International Group during the 4th quarter worth about $145,000. Blue Trust Inc. increased its stake in shares of Colliers International Group by 65.1% during the 4th quarter. Blue Trust Inc. now owns 1,539 shares of the financial services provider's stock worth $209,000 after purchasing an additional 607 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Colliers International Group by 13.6% during the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider's stock worth $323,000 after purchasing an additional 254 shares during the last quarter. 80.09% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

CIGI has been the topic of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Colliers International Group in a research note on Friday, December 6th. They set a "neutral" rating and a $170.00 price objective on the stock. Colliers Securities set a $160.00 price objective on shares of Colliers International Group in a research note on Tuesday, March 4th. Raymond James lowered their price objective 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. StockNews.com upgraded shares of Colliers International Group from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Finally, Cibc World Mkts upgraded shares of Colliers International Group to a "strong-buy" rating in a research note on Tuesday, March 4th. 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. According to data from MarketBeat.com, Colliers International Group has a consensus rating of "Moderate Buy" and an average price target of $166.90.

Colliers International Group Trading Up 3.2 %

Shares of CIGI stock traded up $3.85 on Friday, hitting $122.75. The company had a trading volume of 89,951 shares, compared to its average volume of 112,789. The firm has a market cap of $6.05 billion, a P/E ratio of 38.48 and a beta of 1.58. The stock's 50-day moving average is $132.79 and its two-hundred day moving average is $141.80. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06. Colliers International Group Inc. has a twelve month low of $101.01 and a twelve month high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its quarterly 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%. On average, equities research analysts anticipate that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

About Colliers International Group

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.