Versor Investments LP purchased a new stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,767 shares of the financial services provider's stock, valued at approximately $512,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in shares of 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 purchasing an additional 340,691 shares during the last quarter. Alberta Investment Management Corp boosted its stake in Colliers International Group by 3.4% in the fourth quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider's stock valued at $85,143,000 after acquiring an additional 20,794 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Colliers International Group during the 3rd quarter worth $69,920,000. Loomis Sayles & Co. L P raised its position in shares of Colliers International Group by 55.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider's stock valued at $54,461,000 after acquiring an additional 128,005 shares during the last quarter. Finally, Cibc World Market Inc. lifted its stake in shares of Colliers International Group by 3.9% in the 4th quarter. Cibc World Market Inc. now owns 219,317 shares of the financial services provider's stock valued at $29,814,000 after purchasing an additional 8,148 shares during the period. 80.09% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on CIGI. Raymond James decreased their price objective on Colliers International Group from $175.00 to $170.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. William Blair restated an "outperform" rating on shares of Colliers International Group in a research report on Friday, February 28th. JPMorgan Chase & Co. started coverage on Colliers International Group in a research note on Monday, December 16th. They issued a "neutral" rating and a $167.00 price target for the company. National Bankshares reduced their price objective on shares of Colliers International Group from $182.00 to $169.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Finally, The Goldman Sachs Group began coverage on shares of Colliers International Group in a research note on Friday, December 6th. They issued a "neutral" rating and a $170.00 target price for the company. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $167.67.
Check Out Our Latest Report on Colliers International Group
Colliers International Group Stock Up 2.0 %
NASDAQ CIGI traded up $2.57 on Wednesday, reaching $128.09. The company had a trading volume of 99,117 shares, compared to its average volume of 125,460. The company's fifty day moving average is $134.78 and its 200-day moving average is $142.89. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 40.15 and a beta of 1.49. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06. Colliers International Group Inc. has a 1-year low of $101.01 and a 1-year high of $156.96.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share 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%. On average, research analysts forecast that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal 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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