Colliers International Group Inc. (NASDAQ:CIGI) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,866,793 shares of the financial services provider's stock after buying an additional 21,422 shares during the quarter. Vanguard Group Inc. owned approximately 3.79% of Colliers International Group worth $253,867,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CIGI. Plato Investment Management Ltd lifted its position in shares of Colliers International Group by 16.0% in the fourth 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 in the last quarter. Tobam raised its stake in Colliers International Group by 12.0% in 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. Venturi Wealth Management LLC purchased a new position in Colliers International Group in the 4th quarter valued at $145,000. Whittier Trust Co. of Nevada Inc. boosted its stake in Colliers International Group by 112.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,260 shares of the financial services provider's stock worth $171,000 after purchasing an additional 667 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of 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 buying an additional 607 shares in the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

CIGI has been the topic of a number of recent research reports. CIBC initiated coverage on shares of Colliers International Group in a research report on Tuesday, March 4th. They set a "sector outperform" rating and a $160.00 price target on the stock. National Bankshares lowered their target price on Colliers International Group from $182.00 to $169.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. JPMorgan Chase & Co. started coverage on Colliers International Group in a report on Monday, December 16th. They issued a "neutral" rating and a $167.00 price target for the company. Raymond James lowered their price objective on 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. Finally, The Goldman Sachs Group dropped their target price on Colliers International Group from $165.00 to $145.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Four investment 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 stock. According to MarketBeat, Colliers International Group has a consensus rating of "Moderate Buy" and an average target price of $164.30.

Colliers International Group Trading Up 7.9 %

CIGI traded up $8.48 during mid-day trading on Wednesday, hitting $115.19. 285,319 shares of the stock were exchanged, compared to its average volume of 115,867. The firm's fifty day moving average is $125.42 and its two-hundred day moving average is $138.39. Colliers International Group Inc. has a 1-year low of $100.86 and a 1-year high of $156.96. The company has a market cap of $5.68 billion, a PE ratio of 36.11 and a beta of 1.36. 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 issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (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%. Equities analysts forecast that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

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.