AGF Management Ltd. Decreases Stock Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

AGF Management Ltd. trimmed its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 29.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,024 shares of the financial services provider’s stock after selling 23,725 shares during the quarter. AGF Management Ltd.’s holdings in Colliers International Group were worth $7,755,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. increased its stake in shares of 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 buying an additional 340,691 shares during the period. Alberta Investment Management Corp increased its stake in shares of Colliers International Group by 3.4% in the fourth quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider’s stock worth $85,143,000 after buying an additional 20,794 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Colliers International Group in the third quarter worth $69,920,000. Loomis Sayles & Co. L P increased its stake in shares of 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 buying an additional 128,005 shares during the period. Finally, Cibc World Market Inc. boosted its holdings in Colliers International Group by 3.9% in the fourth quarter. Cibc World Market Inc. now owns 219,317 shares of the financial services provider’s stock valued at $29,814,000 after acquiring an additional 8,148 shares in the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Stock Performance

Shares of CIGI stock opened at $122.60 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 cap of $6.04 billion, a PE ratio of 38.43 and a beta of 1.58. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. The company’s fifty day moving average price is $133.64 and its 200-day moving average price is $142.27.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its 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%. On average, equities analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CIGI. Colliers Securities set a $160.00 price target on shares of Colliers International Group in a report on Tuesday, March 4th. Scotiabank cut 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 report on Friday, February 7th. Royal Bank of Canada lifted their price target on shares of Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, February 7th. The Goldman Sachs Group began coverage on shares of Colliers International Group in a report on Friday, December 6th. They issued a “neutral” rating and a $170.00 price target on the stock. Finally, BMO Capital Markets cut their price target on shares of Colliers International Group from $177.00 to $172.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.