Raymond James Financial Inc. Invests $1.26 Million in Colliers International Group Inc. (NASDAQ:CIGI)

Raymond James Financial Inc. bought a new stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 9,261 shares of the financial services provider’s stock, valued at approximately $1,259,000.

Other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC acquired a new stake in shares of Colliers International Group in the third quarter worth $69,920,000. Franklin Resources Inc. boosted its holdings in Colliers International Group by 100.8% in the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock valued at $102,261,000 after purchasing an additional 340,691 shares during the period. New York State Common Retirement Fund grew its position in Colliers International Group by 225.0% in the 4th quarter. New York State Common Retirement Fund now owns 71,999 shares of the financial services provider’s stock worth $9,790,000 after purchasing an additional 49,846 shares during the last quarter. Canoe Financial LP grew its position in Colliers International Group by 544.7% in the 4th quarter. Canoe Financial LP now owns 40,696 shares of the financial services provider’s stock worth $5,530,000 after purchasing an additional 34,384 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Colliers International Group during the 3rd quarter worth about $3,543,000. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Trading Up 0.9 %

Shares of Colliers International Group stock opened at $124.06 on Thursday. Colliers International Group Inc. has a 12-month low of $101.01 and a 12-month high of $156.96. The stock has a market capitalization of $6.12 billion, a P/E ratio of 38.89 and a beta of 1.58. The company has a 50-day simple moving average of $129.72 and a 200 day simple moving average of $140.07. 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 posted 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 return on equity of 20.38% and a net margin of 3.35%. Research analysts expect that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CIGI shares. Royal Bank of Canada increased their target price on shares of Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Raymond James reduced their price objective on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. William Blair restated an “outperform” rating on shares of Colliers International Group in a research report on Friday, February 28th. The Goldman Sachs Group cut their target price on Colliers International Group from $165.00 to $145.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. Finally, National Bankshares decreased their price target on shares of Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Colliers International Group currently has an average rating of “Moderate Buy” and an average target price of $164.30.

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.