Massachusetts Financial Services Co. MA Raises Stock Position in Colliers International Group Inc. (NASDAQ:CIGI)

Massachusetts Financial Services Co. MA raised its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 93.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,801 shares of the financial services provider's stock after buying an additional 58,858 shares during the period. Massachusetts Financial Services Co. MA owned about 0.25% of Colliers International Group worth $18,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC raised its position in shares of Colliers International Group by 60.5% in the 3rd quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider's stock worth $1,885,000 after acquiring an additional 4,678 shares in the last quarter. Addenda Capital Inc. lifted its stake in Colliers International Group by 20.6% during the 2nd quarter. Addenda Capital Inc. now owns 153,625 shares of the financial services provider's stock valued at $17,152,000 after acquiring an additional 26,263 shares during the period. Hantz Financial Services Inc. purchased a new stake in Colliers International Group in the second quarter valued at $567,000. 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 valued at $76,703,000 after acquiring an additional 6,178 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Colliers International Group by 67.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 49,715 shares of the financial services provider's stock valued at $5,550,000 after purchasing an additional 20,000 shares during the period. Institutional investors own 80.09% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Royal Bank of Canada increased their price target on Colliers International Group from $160.00 to $174.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Scotiabank boosted their price objective 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 boosted their target price on shares of Colliers International Group from $163.00 to $164.00 and gave the company an "outperform" rating in a report on Friday, September 13th. National Bankshares increased their price target on Colliers International Group from $125.00 to $137.00 and gave the stock a "sector perform" rating in a report on Friday, August 2nd. Finally, Raymond James downgraded shares of Colliers International Group from a "strong-buy" rating to an "outperform" rating and boosted their price target for the company from $150.00 to $160.00 in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Colliers International Group presently has an average rating of "Moderate Buy" and an average target price of $160.42.

Colliers International Group Trading Down 1.7 %

NASDAQ:CIGI traded down $2.67 on Tuesday, reaching $151.50. 53,073 shares of the company's stock were exchanged, compared to its average volume of 113,377. The business has a fifty day moving average of $149.41 and a 200-day moving average of $133.55. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.42. Colliers International Group Inc. has a 52-week low of $101.01 and a 52-week high of $156.96. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of 48.40 and a beta of 1.50.

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