Wellington Management Group LLP Sells 133,257 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Wellington Management Group LLP cut its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 87.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,707 shares of the financial services provider's stock after selling 133,257 shares during the period. Wellington Management Group LLP's holdings in Colliers International Group were worth $2,679,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new stake in Colliers International Group in the fourth quarter worth about $74,615,000. Franklin Resources Inc. boosted its position in shares of Colliers International Group by 100.8% during the third 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 in the last quarter. Artisan Partners Limited Partnership grew its stake in Colliers International Group by 67.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider's stock worth $59,320,000 after purchasing an additional 176,232 shares during the period. American Century Companies Inc. raised its holdings in Colliers International Group by 53.2% in the fourth quarter. American Century Companies Inc. now owns 222,232 shares of the financial services provider's stock worth $30,218,000 after purchasing an additional 77,204 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in Colliers International Group by 225.0% during the fourth quarter. New York State Common Retirement Fund now owns 71,999 shares of the financial services provider's stock valued at $9,790,000 after buying an additional 49,846 shares during the period. Institutional investors own 80.09% of the company's stock.

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Analysts Set New Price Targets

CIGI has been the subject of a number of recent research reports. CIBC assumed 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 for the company. The Goldman Sachs Group dropped their price target on Colliers International Group from $165.00 to $145.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. StockNews.com lowered Colliers International Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 20th. Royal Bank of Canada boosted their target price on Colliers International Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Finally, National Bankshares reduced their price target on Colliers International Group from $182.00 to $169.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $161.80.

Colliers International Group Stock Performance

NASDAQ CIGI traded down $0.46 during trading hours on Wednesday, hitting $113.40. The company's stock had a trading volume of 76,874 shares, compared to its average volume of 117,237. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $5.59 billion, a P/E ratio of 35.55 and a beta of 1.36. The company's 50 day simple moving average is $123.15 and its two-hundred day simple moving average is $137.35. Colliers International Group Inc. has a 12 month low of $100.86 and a 12 month high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share 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%. As a group, sell-side analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Colliers International Group Company 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.