Thrivent Financial for Lutherans boosted its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 49.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,485 shares of the financial services provider's stock after acquiring an additional 8,484 shares during the period. Thrivent Financial for Lutherans owned 0.05% of Colliers International Group worth $3,465,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Plato Investment Management Ltd boosted its holdings in shares of Colliers International Group by 16.0% in the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider's stock valued at $117,000 after purchasing an additional 118 shares in the last quarter. Tobam boosted its stake in Colliers International Group by 12.0% in the fourth quarter. Tobam now owns 913 shares of the financial services provider's stock valued at $124,000 after buying an additional 98 shares in the last quarter. Venturi Wealth Management LLC bought a new position in Colliers International Group in the fourth quarter valued at about $145,000. Blue Trust Inc. raised its stake in Colliers International Group by 65.1% during the fourth quarter. Blue Trust Inc. now owns 1,539 shares of the financial services provider's stock worth $209,000 after acquiring an additional 607 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of Colliers International Group by 13.6% in the third 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. 80.09% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on CIGI shares. Royal Bank of Canada lifted their price target on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. StockNews.com cut Colliers International Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. William Blair reaffirmed an "outperform" rating on shares of Colliers International Group in a research note on Friday, February 28th. The Goldman Sachs Group decreased their target price on shares of Colliers International Group from $165.00 to $145.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Finally, CIBC assumed coverage on shares of Colliers International Group in a research report on Tuesday, March 4th. They issued a "sector outperform" rating and a $160.00 price target on the stock. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Colliers International Group currently has an average rating of "Moderate Buy" and an average target price of $164.40.
View Our Latest Analysis on Colliers International Group
Colliers International Group Stock Down 2.2 %
NASDAQ:CIGI traded down $2.65 during trading hours on Friday, reaching $120.19. The company had a trading volume of 92,426 shares, compared to its average volume of 113,607. The business's 50-day simple moving average is $130.73 and its two-hundred day simple moving average is $140.51. Colliers International Group Inc. has a twelve month low of $101.01 and a twelve month high of $156.96. The firm has a market cap of $5.93 billion, a price-to-earnings ratio of 37.68 and a beta of 1.58. 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 issued its 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 net margin of 3.35% and a return on equity of 20.38%. On average, equities analysts expect that Colliers International Group Inc. will post 6.2 earnings per share for the current year.
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.
Further Reading
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 where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
