Colliers International Group Inc. (NASDAQ:CIGI) Shares Purchased by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. increased its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,763 shares of the financial services provider’s stock after acquiring an additional 718 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Colliers International Group were worth $2,004,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Plato Investment Management Ltd raised its position in 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 valued at $117,000 after purchasing an additional 118 shares in the last quarter. 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 valued at $124,000 after purchasing an additional 98 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in Colliers International Group in the 4th quarter valued at about $145,000. Blue Trust Inc. raised its position in Colliers International Group by 65.1% in the 4th quarter. Blue Trust Inc. now owns 1,539 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 607 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in Colliers International Group by 13.6% in the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 254 shares in the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Stock Performance

Colliers International Group stock opened at $122.67 on Friday. 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 fifty day moving average of $131.67 and a two-hundred day moving average of $141.12. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 38.45 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.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings results 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%. On average, analysts anticipate that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CIGI shares. Royal Bank of Canada increased their price objective on Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, February 7th. CIBC started coverage on Colliers International Group in a report on Tuesday, March 4th. They issued a “sector outperform” rating and a $160.00 price objective on the stock. Scotiabank dropped their price objective on 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. StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a report on Thursday. Finally, JPMorgan Chase & Co. began coverage on Colliers International Group in a research note on Monday, December 16th. They set a “neutral” rating and a $167.00 price target on the stock. Four equities 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 company. Based on data from MarketBeat, Colliers International Group has a consensus rating of “Moderate Buy” and a consensus price target of $164.40.

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.