Blair William & Co. IL Reduces Stake in Colliers International Group Inc. (NASDAQ:CIGI)

Blair William & Co. IL lowered its stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,784 shares of the financial services provider’s stock after selling 887 shares during the quarter. Blair William & Co. IL’s holdings in Colliers International Group were worth $4,458,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CIGI. Franklin Resources Inc. boosted its position 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 valued at $102,261,000 after acquiring an additional 340,691 shares during the period. Barclays PLC bought a new position in Colliers International Group in the 3rd quarter valued at $1,629,000. Public Employees Retirement System of Ohio purchased a new position in shares of Colliers International Group during the 3rd quarter valued at $3,543,000. HighTower Advisors LLC increased 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 purchasing an additional 254 shares during the period. Finally, Alberta Investment Management Corp increased its holdings 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 purchasing an additional 20,794 shares during the period. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Analysts Set New Price Targets

CIGI has been the subject of several research analyst reports. The Goldman Sachs Group dropped their price objective 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. Royal Bank of Canada boosted their price objective on Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. 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. JPMorgan Chase & Co. initiated coverage on shares of Colliers International Group in a report on Monday, December 16th. They issued a “neutral” rating and a $167.00 price target on the stock. Finally, StockNews.com cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 20th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $164.40.

Colliers International Group Stock Performance

Colliers International Group stock opened at $120.19 on Monday. The firm has a fifty day simple moving average of $130.73 and a two-hundred day simple moving average of $140.51. Colliers International Group Inc. has a twelve month low of $101.01 and a twelve month high of $156.96. The company has a market capitalization of $5.93 billion, a PE ratio of 37.68 and a beta of 1.58. 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 released its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share 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%. Research analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current year.

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.