Swiss National Bank Sells 4,000 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Swiss National Bank lowered its position in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,500 shares of the financial services provider's stock after selling 4,000 shares during the period. Swiss National Bank owned about 0.17% of Colliers International Group worth $11,214,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CIGI. Tobam boosted 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 acquiring an additional 98 shares during the period. Plato Investment Management Ltd raised its holdings 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 buying an additional 118 shares during the last quarter. King Luther Capital Management Corp boosted its position in Colliers International Group by 1.2% during the 3rd quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider's stock valued at $2,222,000 after buying an additional 178 shares during the period. HighTower Advisors LLC grew its holdings 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 acquiring an additional 254 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Colliers International Group by 3.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,346 shares of the financial services provider's stock valued at $1,420,000 after acquiring an additional 291 shares during the period. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

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Colliers International Group Stock Up 3.5 %

Shares of CIGI stock traded up $4.29 during trading hours on Monday, hitting $126.96. 91,209 shares of the company's stock traded hands, compared to its average volume of 112,643. 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 stock's fifty day simple moving average is $131.67 and its two-hundred day simple moving average is $141.13. Colliers International Group Inc. has a 12-month low of $101.01 and a 12-month high of $156.96. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 39.80 and a beta of 1.58.

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 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%. On average, analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. CIBC initiated coverage on shares of Colliers International Group in a report on Tuesday, March 4th. They set a "sector outperform" rating and a $160.00 target price for the company. 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 research report on Friday, February 7th. StockNews.com downgraded Colliers International Group from a "buy" rating to a "hold" rating in a report on Thursday. JPMorgan Chase & Co. began coverage on shares of Colliers International Group in a report on Monday, December 16th. They issued a "neutral" rating and a $167.00 price target on the stock. Finally, Colliers Securities set a $160.00 price objective on shares of Colliers International Group in a report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Colliers International Group has a consensus rating of "Moderate Buy" and a consensus target price of $164.40.

Colliers International Group Profile

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.