Invesco Ltd. trimmed its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,428 shares of the financial services provider's stock after selling 12,874 shares during the quarter. Invesco Ltd. owned about 0.58% of Colliers International Group worth $38,810,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CIGI. Plato Investment Management Ltd boosted its holdings in shares of 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 buying an additional 118 shares during the period. Tobam boosted its stake in Colliers International Group by 12.0% in the 4th quarter. Tobam now owns 913 shares of the financial services provider's stock valued at $124,000 after purchasing an additional 98 shares during the period. Venturi Wealth Management LLC acquired a new position in Colliers International Group in the 4th quarter valued at $145,000. CIBC Private Wealth Group LLC increased its position in Colliers International Group by 44.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider's stock worth $164,000 after buying an additional 378 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Colliers International Group by 112.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,260 shares of the financial services provider's stock worth $171,000 after buying an additional 667 shares in the last quarter. 80.09% of the stock is owned by institutional investors.
Colliers International Group Trading Up 1.8 %
NASDAQ CIGI traded up $2.05 during trading hours on Tuesday, reaching $113.25. The company's stock had a trading volume of 9,468 shares, compared to its average volume of 128,820. The firm has a fifty day simple moving average of $121.52 and a 200-day simple moving average of $136.21. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. Colliers International Group Inc. has a 52 week low of $100.86 and a 52 week high of $156.96. The stock has a market cap of $5.58 billion, a P/E ratio of 35.50 and a beta of 1.36.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly 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 net margin of 3.35% and a return on equity of 20.38%. Equities analysts forecast that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have issued reports on CIGI shares. Royal Bank of Canada boosted 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. The Goldman Sachs Group reduced their target price on Colliers International Group from $165.00 to $145.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Scotiabank dropped their price target on Colliers International Group from $166.00 to $165.00 and set a "sector outperform" rating for the company in a research note on Monday, March 31st. StockNews.com lowered shares of Colliers International Group from a "buy" rating to a "hold" rating in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. cut their price target on shares of Colliers International Group from $167.00 to $142.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Colliers International Group currently has an average rating of "Moderate Buy" and an average target price of $161.80.
Get Our Latest Analysis on Colliers International Group
About Colliers International Group
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Free Report)
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.
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