TD Waterhouse Canada Inc. raised its position in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 69.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,719 shares of the financial services provider's stock after purchasing an additional 12,207 shares during the quarter. TD Waterhouse Canada Inc. owned 0.06% of Colliers International Group worth $3,942,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Franklin Resources Inc. grew its position 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 valued at $102,261,000 after acquiring an additional 340,691 shares in the last quarter. Barclays PLC purchased a new position in Colliers International Group in the 3rd quarter valued at approximately $1,629,000. Sei Investments Co. grew its stake in shares of Colliers International Group by 37.7% in the fourth quarter. Sei Investments Co. now owns 13,179 shares of the financial services provider's stock worth $1,792,000 after acquiring an additional 3,606 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Colliers International Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider's stock worth $253,867,000 after acquiring an additional 21,422 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Colliers International Group in the fourth quarter valued at $1,259,000. 80.09% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on CIGI shares. JPMorgan Chase & Co. decreased their price objective on Colliers International Group from $167.00 to $142.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. The Goldman Sachs Group decreased their price target on shares of Colliers International Group from $165.00 to $145.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. StockNews.com downgraded shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th. Raymond James decreased their price objective 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, Scotiabank dropped their target price 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. Four 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $161.80.
Check Out Our Latest Stock Analysis on CIGI
Colliers International Group Stock Up 1.7 %
CIGI opened at $113.11 on Wednesday. Colliers International Group Inc. has a one year low of $100.86 and a one year high of $156.96. 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 has a market capitalization of $5.58 billion, a P/E ratio of 35.46 and a beta of 1.36. The business's 50-day simple moving average is $121.14 and its 200-day simple moving average is $136.05.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly earnings results 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 return on equity of 20.38% and a net margin of 3.35%. Analysts anticipate that Colliers International Group Inc. will post 6.2 EPS for the current year.
Colliers International Group 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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