Sei Investments Co. Boosts Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Sei Investments Co. raised its stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 37.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,179 shares of the financial services provider’s stock after acquiring an additional 3,606 shares during the quarter. Sei Investments Co.’s holdings in Colliers International Group were worth $1,792,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Plato Investment Management Ltd raised its holdings in shares of Colliers International Group by 16.0% in the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 118 shares during the period. Tobam increased 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 worth $124,000 after buying an additional 98 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Colliers International Group in the fourth quarter valued at $145,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Colliers International Group by 112.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,260 shares of the financial services provider’s stock valued at $171,000 after buying an additional 667 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Colliers International Group by 65.1% during the 4th quarter. Blue Trust Inc. now owns 1,539 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 607 shares during the period. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

Colliers International Group Stock Performance

Shares of CIGI stock opened at $112.17 on Friday. The company has a market capitalization of $5.53 billion, a P/E ratio of 35.16 and a beta of 1.58. Colliers International Group Inc. has a fifty-two week low of $101.01 and a fifty-two week high of $156.96. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50 day moving average price of $128.62 and a two-hundred day moving average price of $139.62.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. Analysts expect that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CIGI shares. Colliers Securities set a $160.00 price objective on Colliers International Group in a research note on Tuesday, March 4th. Raymond James lowered their price target 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. Royal Bank of Canada raised their price objective on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating 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. Finally, The Goldman Sachs Group cut their price target on Colliers International Group from $165.00 to $145.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Colliers International Group has an average rating of “Moderate Buy” and an average price target of $164.30.

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.