FIL Ltd Acquires 832,583 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

FIL Ltd raised its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 116.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,547,527 shares of the financial services provider's stock after acquiring an additional 832,583 shares during the period. FIL Ltd owned approximately 3.14% of Colliers International Group worth $210,449,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CIGI. Norges Bank acquired a new stake in shares of Colliers International Group during the 4th quarter worth approximately $74,615,000. Franklin Resources Inc. raised its holdings in shares of Colliers International Group by 100.8% during the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock worth $102,261,000 after buying an additional 340,691 shares in the last quarter. Artisan Partners Limited Partnership lifted its position in shares of 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 worth $59,320,000 after buying an additional 176,232 shares during the last quarter. American Century Companies Inc. boosted its stake in Colliers International Group by 53.2% in the fourth quarter. American Century Companies Inc. now owns 222,232 shares of the financial services provider's stock valued at $30,218,000 after buying an additional 77,204 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in Colliers International Group by 225.0% in the fourth quarter. New York State Common Retirement Fund now owns 71,999 shares of the financial services provider's stock valued at $9,790,000 after acquiring an additional 49,846 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors.

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Colliers International Group Price Performance

Colliers International Group stock traded up $2.16 during midday trading on Monday, hitting $113.71. 20,794 shares of the company's stock were exchanged, compared to its average volume of 130,932. The company has a market cap of $5.61 billion, a P/E ratio of 35.65 and a beta of 1.36. 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 stock has a 50-day moving average price of $124.23 and a two-hundred day moving average price of $137.76. Colliers International Group Inc. has a 52-week low of $100.86 and a 52-week high of $156.96.

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

Analyst Ratings Changes

A number of research analysts have recently commented on CIGI shares. Raymond James dropped their price target on Colliers International Group from $175.00 to $170.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. The Goldman Sachs Group dropped their target price 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. Scotiabank reduced their price target on Colliers International Group from $166.00 to $165.00 and set a "sector outperform" rating on the stock in a report on Monday, March 31st. Royal Bank of Canada raised their price objective on shares of Colliers International Group from $170.00 to $175.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Finally, CIBC began coverage on shares of Colliers International Group in a research report on Tuesday, March 4th. They set a "sector outperform" rating and a $160.00 target price on the stock. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $161.80.

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.