Massachusetts Financial Services Co. MA lowered its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 16.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,942 shares of the financial services provider's stock after selling 19,859 shares during the period. Massachusetts Financial Services Co. MA owned about 0.21% of Colliers International Group worth $13,861,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of CIGI. Vanguard Group Inc. increased its stake in Colliers International Group by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider's stock worth $253,867,000 after buying an additional 21,422 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Colliers International Group by 100.8% in the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock worth $102,261,000 after acquiring an additional 340,691 shares during the last quarter. Alberta Investment Management Corp increased its position in shares of Colliers International Group by 3.4% during the fourth quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider's stock worth $85,143,000 after purchasing an additional 20,794 shares in the last quarter. Norges Bank purchased a new stake in shares of Colliers International Group during the fourth quarter worth approximately $74,615,000. Finally, Artisan Partners Limited Partnership raised its stake in Colliers International Group by 67.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider's stock valued at $59,320,000 after purchasing an additional 176,232 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company's stock.
Colliers International Group Trading Up 0.1 %
NASDAQ:CIGI traded up $0.06 on Friday, reaching $111.55. The company's stock had a trading volume of 195,470 shares, compared to its average volume of 116,950. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 34.97 and a beta of 1.36. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. Colliers International Group Inc. has a 12-month low of $100.86 and a 12-month high of $156.96. The stock has a 50 day moving average price of $124.23 and a 200 day moving average price of $137.85.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its quarterly earnings data 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%. On average, equities analysts anticipate that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
CIGI has been the subject of a number of research reports. William Blair reaffirmed an "outperform" rating on shares of Colliers International Group in a report on Friday, February 28th. Colliers Securities set a $160.00 price objective on shares of Colliers International Group in a research note on Tuesday, March 4th. National Bankshares decreased their target price on shares of Colliers International Group from $182.00 to $169.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Cibc World Mkts upgraded Colliers International Group to a "strong-buy" rating in a report on Tuesday, March 4th. Finally, BMO Capital Markets cut their price target on Colliers International Group from $177.00 to $172.00 and set a "market perform" rating for the company in a report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $161.80.
View Our Latest Report on Colliers International Group
Colliers International Group Profile
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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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