Norges Bank acquired a new position in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 549,292 shares of the financial services provider's stock, valued at approximately $74,615,000. Norges Bank owned approximately 1.11% of Colliers International Group at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of CIGI. Loomis Sayles & Co. L P lifted its position in shares of Colliers International Group by 5.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 377,001 shares of the financial services provider's stock worth $51,261,000 after purchasing an additional 18,253 shares in the last quarter. Artisan Partners Limited Partnership increased 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 buying an additional 176,232 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in Colliers International Group in the 4th quarter worth approximately $180,000. Vanguard Group Inc. boosted its stake 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 valued at $253,867,000 after buying an additional 21,422 shares during the period. Finally, LPL Financial LLC increased its stake in shares of Colliers International Group by 53.3% in the fourth quarter. LPL Financial LLC now owns 2,723 shares of the financial services provider's stock worth $370,000 after acquiring an additional 947 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors and hedge funds.
Colliers International Group Stock Performance
Shares of NASDAQ:CIGI traded down $1.59 during midday trading on Monday, hitting $110.58. The company's stock had a trading volume of 211,395 shares, compared to its average volume of 114,825. 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 $127.95 and its 200 day simple moving average is $139.31. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 34.66 and a beta of 1.36. Colliers International Group Inc. has a fifty-two week low of $100.86 and a fifty-two week high of $156.96.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. As a group, research analysts anticipate 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 commented on CIGI shares. CIBC began coverage on Colliers International Group in a research note on Tuesday, March 4th. They issued a "sector outperform" rating and a $160.00 target price on the stock. Scotiabank dropped their price objective 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. BMO Capital Markets cut their price objective on shares of Colliers International Group from $177.00 to $172.00 and set a "market perform" rating on the stock in a research report on Friday, February 7th. Raymond James decreased their target price on shares of Colliers International Group from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Friday, February 7th. Finally, Colliers Securities set a $160.00 price target on shares of Colliers International Group in a report on Tuesday, March 4th. Four 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's stock. Based on data from MarketBeat, Colliers International Group presently has an average rating of "Moderate Buy" and an average target price of $164.30.
View Our Latest Research Report on CIGI
Colliers International Group Company 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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