Colliers International Group Inc. (NASDAQ:CIGI) Stake Lessened by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,528 shares of the financial services provider’s stock after selling 810 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.19% of Colliers International Group worth $12,848,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CIGI. Thrivent Financial for Lutherans acquired a new position in shares of Colliers International Group in the third quarter worth $2,581,000. King Luther Capital Management Corp increased its stake in shares of Colliers International Group by 1.2% in the third quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider’s stock worth $2,222,000 after acquiring an additional 178 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Colliers International Group by 93.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 121,801 shares of the financial services provider’s stock worth $18,491,000 after acquiring an additional 58,858 shares during the last quarter. Montrusco Bolton Investments Inc. increased its stake in shares of Colliers International Group by 0.9% in the third quarter. Montrusco Bolton Investments Inc. now owns 108,264 shares of the financial services provider’s stock worth $16,449,000 after acquiring an additional 997 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its position in Colliers International Group by 55.5% during the third quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider’s stock worth $54,461,000 after buying an additional 128,005 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Colliers International Group Trading Down 0.9 %

CIGI opened at $122.67 on Friday. The stock has a market capitalization of $6.05 billion, a P/E ratio of 38.45 and a beta of 1.58. Colliers International Group Inc. has a 12 month low of $101.01 and a 12 month high of $156.96. The firm’s fifty day simple moving average is $131.67 and its 200 day simple moving average is $141.12. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 EPS 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%. As a group, research analysts anticipate that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on CIGI. Scotiabank lowered their target price on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 7th. Cibc World Mkts raised Colliers International Group to a “strong-buy” rating in a research report on Tuesday, March 4th. Royal Bank of Canada raised their price target on Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. The Goldman Sachs Group lowered 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. Finally, Colliers Securities set a $160.00 price target on Colliers International Group in a research report on Tuesday, March 4th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $164.40.

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.