XTX Topco Ltd Makes New Investment in Colliers International Group Inc. (NASDAQ:CIGI)

XTX Topco Ltd acquired a new stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,613 shares of the financial services provider's stock, valued at approximately $627,000.

Several other institutional investors have also modified their holdings of the stock. Plato Investment Management Ltd raised its holdings in Colliers International Group by 16.0% during the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider's stock valued at $117,000 after buying an additional 118 shares during the period. Tobam boosted its stake in shares of Colliers International Group by 12.0% during the 4th quarter. Tobam now owns 913 shares of the financial services provider's stock worth $124,000 after purchasing an additional 98 shares during the period. Venturi Wealth Management LLC purchased a new stake in Colliers International Group in the 4th quarter worth about $145,000. CIBC Private Wealth Group LLC raised its position in Colliers International Group by 44.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider's stock worth $164,000 after purchasing an additional 378 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Colliers International Group by 112.5% in the fourth 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. 80.09% of the stock is owned by institutional investors.

Colliers International Group Stock Up 1.7 %

Shares of CIGI stock traded up $1.91 during mid-day trading on Tuesday, hitting $113.11. 72,124 shares of the stock traded hands, compared to its average volume of 116,545. The stock's fifty day moving average is $121.52 and its two-hundred day moving average is $136.21. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. Colliers International Group Inc. has a 52-week low of $100.86 and a 52-week high of $156.96. The stock has a market cap of $5.58 billion, a P/E ratio of 35.46 and a beta of 1.36.

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 analysts' consensus estimates 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 predict that Colliers International Group Inc. will post 6.2 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CIGI. National Bankshares decreased their price target on Colliers International Group from $182.00 to $169.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. JPMorgan Chase & Co. cut their price target on shares of Colliers International Group from $167.00 to $142.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. StockNews.com lowered shares of Colliers International Group from a "buy" rating to a "hold" rating in a report on Thursday, March 20th. Royal Bank of Canada upped their target price on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, Raymond James reduced their target price on shares of Colliers International Group from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Four 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, Colliers International Group currently has an average rating of "Moderate Buy" and an average price target of $161.80.

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.