US Bancorp DE Cuts Position in Colliers International Group Inc. (NASDAQ:CIGI)

US Bancorp DE decreased its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 11.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 764 shares of the financial services provider’s stock after selling 98 shares during the quarter. US Bancorp DE’s holdings in Colliers International Group were worth $104,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Franklin Resources Inc. raised its position in Colliers International Group by 100.8% in the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock worth $102,261,000 after acquiring an additional 340,691 shares in the last quarter. Alberta Investment Management Corp grew its holdings 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 purchasing an additional 20,794 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Colliers International Group in the third quarter valued at $69,920,000. Loomis Sayles & Co. L P grew its holdings in Colliers International Group by 55.5% in the third quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider’s stock valued at $54,461,000 after purchasing an additional 128,005 shares during the last quarter. Finally, Cibc World Market Inc. grew its holdings in Colliers International Group by 3.9% in the fourth 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 last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on CIGI shares. 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. William Blair reissued an “outperform” rating on shares of Colliers International Group in a report on Friday, February 28th. StockNews.com raised Colliers International Group from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. The Goldman Sachs Group started coverage on Colliers International Group in a research note on Friday, December 6th. They set a “neutral” rating and a $170.00 price objective on the stock. Finally, Colliers Securities set a $160.00 price objective on Colliers International Group in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $166.90.

Colliers International Group Stock Up 3.2 %

CIGI opened at $122.75 on Monday. 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 stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of 38.48 and a beta of 1.58. The business has a 50-day moving average of $132.79 and a two-hundred day moving average of $141.79. Colliers International Group Inc. has a 12 month low of $101.01 and a 12 month high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released 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 net margin of 3.35% and a return on equity of 20.38%. On average, research analysts expect that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

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.