Raymond James Financial Inc. purchased a new stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,261 shares of the financial services provider's stock, valued at approximately $1,259,000.
Several other institutional investors also recently modified their holdings of the business. Plato Investment Management Ltd lifted its stake in Colliers International Group by 16.0% during the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider's stock valued at $117,000 after acquiring an additional 118 shares during the period. Tobam lifted its position in Colliers International Group by 12.0% during the fourth quarter. Tobam now owns 913 shares of the financial services provider's stock valued at $124,000 after purchasing an additional 98 shares during the period. Venturi Wealth Management LLC bought a new position in Colliers International Group during the fourth quarter valued at approximately $145,000. Blue Trust Inc. grew its position in Colliers International Group by 65.1% in the 4th quarter. Blue Trust Inc. now owns 1,539 shares of the financial services provider's stock worth $209,000 after purchasing an additional 607 shares during the period. Finally, HighTower Advisors LLC grew its position in Colliers International Group by 13.6% in the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider's stock worth $323,000 after purchasing an additional 254 shares during the period. 80.09% of the stock is owned by hedge funds and other institutional investors.
Colliers International Group Price Performance
Shares of NASDAQ:CIGI traded down $1.59 during midday trading on Monday, reaching $110.58. 211,395 shares of the company were exchanged, compared to its average volume of 114,825. The stock has a market cap of $5.45 billion, a PE ratio of 34.66 and a beta of 1.36. The business's fifty day moving average is $127.95 and its two-hundred day moving average is $139.31. Colliers International Group Inc. has a one year low of $101.01 and a one year high of $156.96. The company has a current ratio of 1.06, a quick 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 quarterly earnings data 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 net margin of 3.35% and a return on equity of 20.38%. As a group, analysts predict that Colliers International Group Inc. will post 6.2 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on CIGI shares. Royal Bank of Canada raised their price target on Colliers International Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Colliers Securities set a $160.00 price target on Colliers International Group in a research note on Tuesday, March 4th. Scotiabank reduced their price target on shares of Colliers International Group from $166.00 to $165.00 and set a "sector outperform" rating for the company in a research report on Monday, March 31st. The Goldman Sachs Group dropped their price objective on shares of Colliers International Group from $165.00 to $145.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Finally, StockNews.com cut shares of Colliers International Group from a "buy" rating to a "hold" rating in a report on Thursday, March 20th. Four research 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. According to MarketBeat, Colliers International Group has a consensus rating of "Moderate Buy" and an average target price of $164.30.
Check Out Our Latest Research Report on CIGI
About Colliers International Group
(
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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