Colliers International Group Inc. (NASDAQ:CIGI) Position Lowered by Royce & Associates LP

Royce & Associates LP decreased its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 417,907 shares of the financial services provider’s stock after selling 47,265 shares during the period. Royce & Associates LP owned about 0.85% of Colliers International Group worth $56,823,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CIGI. Janus Henderson Group PLC bought a new position in shares of Colliers International Group during the third quarter worth about $69,920,000. Franklin Resources Inc. lifted its holdings 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 during the last quarter. Loomis Sayles & Co. L P lifted 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 worth $54,461,000 after acquiring an additional 128,005 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Colliers International Group by 114.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 161,800 shares of the financial services provider’s stock worth $24,552,000 after acquiring an additional 86,469 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in 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. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Trading Up 3.2 %

Shares of NASDAQ:CIGI opened at $122.75 on Friday. The company has a 50 day moving average price of $132.79 and a 200 day moving average price of $141.80. Colliers International Group Inc. has a 1-year low of $101.01 and a 1-year 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 market capitalization of $6.05 billion, a price-to-earnings ratio of 38.48 and a beta of 1.58.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data 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 return on equity of 20.38% and a net margin of 3.35%. On average, research analysts anticipate that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CIGI shares. Colliers Securities set a $160.00 target price on shares of Colliers International Group in a report on Tuesday, March 4th. CIBC started coverage on shares of Colliers International Group in a research note on Tuesday, March 4th. They issued a “sector outperform” rating and a $160.00 price target on the stock. Cibc World Mkts upgraded shares of Colliers International Group to a “strong-buy” rating in a research note on Tuesday, March 4th. Scotiabank dropped their price target on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 7th. Finally, Raymond James dropped 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 note on Friday, February 7th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Colliers International Group has a consensus rating of “Moderate Buy” and an average target price of $166.90.

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.