Artisan Partners Limited Partnership Purchases 176,232 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Artisan Partners Limited Partnership grew its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 67.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 436,397 shares of the financial services provider’s stock after acquiring an additional 176,232 shares during the quarter. Artisan Partners Limited Partnership owned about 0.89% of Colliers International Group worth $59,320,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Tobam raised its position in Colliers International Group by 12.0% in the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 98 shares during the period. Plato Investment Management Ltd raised its holdings in shares of Colliers International Group by 16.0% in 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 during the period. HighTower Advisors LLC raised its holdings in shares of Colliers International Group by 13.6% in the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock worth $323,000 after buying an additional 254 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Colliers International Group by 3.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,346 shares of the financial services provider’s stock valued at $1,420,000 after acquiring an additional 291 shares during the period. Finally, King Luther Capital Management Corp boosted its holdings in Colliers International Group by 2.2% during the 4th quarter. King Luther Capital Management Corp now owns 14,957 shares of the financial services provider’s stock valued at $2,034,000 after acquiring an additional 318 shares during the period. Institutional investors own 80.09% of the company’s stock.

Wall Street Analyst Weigh In

CIGI has been the subject of several research analyst reports. Colliers Securities set a $160.00 target price on Colliers International Group in a research report on Tuesday, March 4th. StockNews.com lowered shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Thursday, March 20th. CIBC began 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 target price on the stock. The Goldman Sachs Group decreased their price target on shares of 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 dropped their price objective on 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 investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $164.40.

Colliers International Group Trading Down 1.1 %

Shares of NASDAQ CIGI opened at $122.84 on Friday. Colliers International Group Inc. has a 1-year low of $101.01 and a 1-year high of $156.96. The business has a fifty day moving average price of $131.08 and a 200 day moving average price of $140.68. The stock has a market capitalization of $6.06 billion, a P/E ratio of 38.51 and a beta of 1.58. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06.

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 return on equity of 20.38% and a net margin of 3.35%. Equities research analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

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.