Polen Capital Management LLC purchased a new stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 8,226 shares of the financial services provider's stock, valued at approximately $1,118,000.
A number of other institutional investors have also modified their holdings of the company. Franklin Resources Inc. boosted its stake in Colliers International Group by 100.8% in the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock worth $102,261,000 after purchasing an additional 340,691 shares in the last quarter. Empowered Funds LLC boosted its stake in 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 purchasing an additional 4,678 shares in the last quarter. Barclays PLC acquired a new stake in Colliers International Group in the 3rd quarter worth approximately $1,629,000. Thrivent Financial for Lutherans acquired a new stake in Colliers International Group in the 3rd quarter worth approximately $2,581,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Colliers International Group in the 3rd quarter worth approximately $3,543,000. 80.09% of the stock is currently owned by institutional investors.
Colliers International Group Price Performance
Shares of Colliers International Group stock traded down $0.21 during trading hours on Thursday, reaching $123.79. 82,096 shares of the company's stock were exchanged, compared to its average volume of 112,856. Colliers International Group Inc. has a 1 year low of $101.01 and a 1 year high of $156.96. The company has a market capitalization of $6.10 billion, a P/E ratio of 38.81 and a beta of 1.58. The business has a fifty day moving average of $132.06 and a two-hundred day moving average of $141.39. 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 (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 return on equity of 20.38% and a net margin of 3.35%. As a group, research analysts predict that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of analysts recently commented on the stock. CIBC assumed coverage on shares of Colliers International Group in a research note on Tuesday, March 4th. They issued a "sector outperform" rating and a $160.00 target price for the company. StockNews.com upgraded shares of Colliers International Group from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. William Blair restated an "outperform" rating on shares of Colliers International Group in a research note on Friday, February 28th. JPMorgan Chase & Co. initiated coverage on shares of Colliers International Group in a research note on Monday, December 16th. They set a "neutral" rating and a $167.00 price objective for the company. Finally, Scotiabank decreased their price objective on shares of Colliers International Group from $170.00 to $166.00 and set a "sector outperform" rating for the company in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $164.40.
View Our Latest Analysis on CIGI
Colliers International Group Profile
(
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.
See Also
Before you consider Colliers International Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Colliers International Group wasn't on the list.
While Colliers International Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
