Natixis Advisors LLC Lowers Stock Position in Colliers International Group Inc. (NASDAQ:CIGI)

Natixis Advisors LLC lessened its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,597 shares of the financial services provider’s stock after selling 222 shares during the quarter. Natixis Advisors LLC’s holdings in Colliers International Group were worth $2,064,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. grew its position in shares of Colliers International Group by 26.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock valued at $90,000 after acquiring an additional 124 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Colliers International Group by 2.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,055 shares of the financial services provider’s stock valued at $1,011,000 after purchasing an additional 238 shares during the period. Whittier Trust Co. increased its position in shares of Colliers International Group by 8.4% in the third quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider’s stock valued at $540,000 after buying an additional 277 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Colliers International Group by 3,377.8% during the 2nd quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock worth $38,000 after buying an additional 304 shares during the period. Finally, Plato Investment Management Ltd purchased a new position in shares of Colliers International Group during the 3rd quarter valued at approximately $112,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Trading Up 1.2 %

Shares of CIGI stock opened at $145.73 on Monday. Colliers International Group Inc. has a 1-year low of $101.01 and a 1-year high of $156.96. The firm has a market cap of $7.16 billion, a PE ratio of 46.41 and a beta of 1.50. The company has a 50-day moving average of $149.28 and a two-hundred day moving average of $133.26. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the firm earned $1.10 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, analysts predict that Colliers International Group Inc. will post 5.44 EPS for the current year.

Analyst Ratings Changes

CIGI has been the subject of a number of research analyst reports. Scotiabank upped their price objective on shares of Colliers International Group from $155.00 to $167.50 and gave the stock a “sector outperform” rating in a research report on Wednesday, November 6th. StockNews.com lowered shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Royal Bank of Canada boosted their price objective on Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. BMO Capital Markets raised their target price on Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a research report on Friday, September 13th. Finally, Raymond James downgraded Colliers International Group from a “strong-buy” rating to an “outperform” rating and increased their price objective for the company from $150.00 to $160.00 in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Colliers International Group presently has a consensus rating of “Moderate Buy” and an average target price of $160.42.

About Colliers International Group

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.