Sei Investments Co. Has $1.79 Million Stock Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Sei Investments Co. lifted its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 37.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,179 shares of the financial services provider's stock after acquiring an additional 3,606 shares during the quarter. Sei Investments Co.'s holdings in Colliers International Group were worth $1,792,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Tobam lifted its holdings in Colliers International Group by 12.0% during the 4th 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 last quarter. Plato Investment Management Ltd lifted its stake in shares of 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 worth $117,000 after buying an additional 118 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Colliers International Group by 13.6% during the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider's stock worth $323,000 after buying an additional 254 shares during the period. King Luther Capital Management Corp boosted its holdings in shares of Colliers International Group by 2.2% during the 4th quarter. King Luther Capital Management Corp now owns 14,957 shares of the financial services provider's stock worth $2,034,000 after buying an additional 318 shares during the period. Finally, Blue Trust Inc. grew its stake 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 valued at $209,000 after buying an additional 607 shares during the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

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Colliers International Group Price Performance

Shares of NASDAQ:CIGI traded down $3.70 during midday trading on Thursday, hitting $111.49. The stock had a trading volume of 173,552 shares, compared to its average volume of 116,344. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $5.50 billion, a P/E ratio of 34.95 and a beta of 1.36. The company's 50-day moving average price is $124.87 and its 200-day moving average price is $138.12. 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 announced 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, equities research analysts predict that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CIGI shares. JPMorgan Chase & Co. cut their price objective on shares of Colliers International Group from $167.00 to $142.00 and set a "neutral" rating for the company in a research report on Thursday. William Blair restated an "outperform" rating on shares of Colliers International Group in a research note on Friday, February 28th. The Goldman Sachs Group decreased their price objective on Colliers International Group from $165.00 to $145.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. StockNews.com downgraded Colliers International Group from a "buy" rating to a "hold" rating in a report on Thursday, March 20th. Finally, Raymond James decreased their price target on shares of Colliers International Group from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $161.80.

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.