Vanguard Group Inc. Has $253.87 Million Position in Colliers International Group Inc. (NASDAQ:CIGI)

Vanguard Group Inc. increased its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,866,793 shares of the financial services provider’s stock after purchasing an additional 21,422 shares during the quarter. Vanguard Group Inc. owned approximately 3.79% of Colliers International Group worth $253,867,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Plato Investment Management Ltd increased its holdings in shares of Colliers International Group by 16.0% during the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock worth $117,000 after buying an additional 118 shares in the last quarter. Tobam raised its position in Colliers International Group by 12.0% in the fourth quarter. Tobam now owns 913 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 98 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Colliers International Group during the fourth quarter valued at about $145,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Colliers International Group by 112.5% during 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. Finally, Blue Trust Inc. grew its holdings in shares of Colliers International Group by 65.1% during the fourth quarter. Blue Trust Inc. now owns 1,539 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 607 shares during the last quarter. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Stock Down 3.5 %

Colliers International Group stock opened at $112.17 on Friday. The company has a market capitalization of $5.53 billion, a PE ratio of 35.16 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 moving average is $128.62 and its 200 day moving average is $139.66. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13.

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 (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%. As a group, sell-side analysts predict that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CIGI shares. Raymond James cut 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. JPMorgan Chase & Co. initiated coverage on shares of Colliers International Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $167.00 price objective on the stock. CIBC started coverage on Colliers International Group in a research report on Tuesday, March 4th. They set a “sector outperform” rating and a $160.00 target price for the company. Scotiabank reduced their price target on Colliers International Group from $166.00 to $165.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 31st. Finally, William Blair reissued an “outperform” rating on shares of Colliers International Group in a research note on Friday, February 28th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Colliers International Group has an average rating of “Moderate Buy” and an average price target of $164.30.

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.