Colliers International Group Inc. (NASDAQ:CIGI) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI raised its holdings in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 92,481 shares of the financial services provider's stock after acquiring an additional 8,119 shares during the period. National Bank of Canada FI owned approximately 0.19% of Colliers International Group worth $12,572,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CIGI. Franklin Resources Inc. lifted its position in 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 valued at $102,261,000 after buying an additional 340,691 shares during the last quarter. Barclays PLC acquired a new position in shares of Colliers International Group in the 3rd quarter worth approximately $1,629,000. Vanguard Group Inc. boosted its position in shares of 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 purchasing an additional 21,422 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Colliers International Group in the third quarter valued at approximately $3,543,000. Finally, Raymond James Financial Inc. acquired a new position in Colliers International Group during the fourth quarter worth $1,259,000. 80.09% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several research firms recently issued reports on CIGI. Raymond James cut their price objective on Colliers International Group from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. CIBC assumed 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 price target on the stock. StockNews.com cut shares of Colliers International Group from a "buy" rating to a "hold" rating in a report on Thursday, March 20th. Scotiabank reduced their target price on shares of 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. Finally, Colliers Securities set a $160.00 price objective on Colliers International Group in a research note on Tuesday, March 4th. 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $161.80.

Colliers International Group Stock Down 4.5 %

CIGI stock traded down $5.19 during midday trading on Thursday, reaching $110.00. 61,423 shares of the company were exchanged, compared to its average volume of 129,701. 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's 50-day simple moving average is $125.42 and its 200 day simple moving average is $138.39. The company has a market cap of $5.42 billion, a price-to-earnings ratio of 34.58 and a beta of 1.36. Colliers International Group Inc. has a 1-year low of $100.86 and a 1-year high of $156.96.

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 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 analysts forecast that Colliers International Group Inc. will post 6.2 earnings per share for the current 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.