Colliers International Group Inc. $CIGI Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 15.5% in the second quarter, HoldingsChannel.com reports. The firm owned 454,529 shares of the financial services provider’s stock after acquiring an additional 61,018 shares during the period. Mackenzie Financial Corp’s holdings in Colliers International Group were worth $59,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in CIGI. Royal Bank of Canada lifted its position in shares of Colliers International Group by 1.4% in the 1st quarter. Royal Bank of Canada now owns 3,815,470 shares of the financial services provider’s stock worth $462,816,000 after buying an additional 52,414 shares during the last quarter. Durable Capital Partners LP grew its position in shares of Colliers International Group by 12.4% during the 1st quarter. Durable Capital Partners LP now owns 2,972,757 shares of the financial services provider’s stock valued at $360,595,000 after buying an additional 328,430 shares during the last quarter. Vanguard Group Inc. raised its stake in Colliers International Group by 2.1% during the first quarter. Vanguard Group Inc. now owns 1,905,172 shares of the financial services provider’s stock worth $230,558,000 after acquiring an additional 38,379 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in Colliers International Group by 56.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 965,700 shares of the financial services provider’s stock worth $117,140,000 after acquiring an additional 349,046 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in Colliers International Group by 6.2% in the first quarter. The Manufacturers Life Insurance Company now owns 744,832 shares of the financial services provider’s stock worth $90,630,000 after acquiring an additional 43,550 shares during the last quarter. Institutional investors own 80.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CIGI shares. Scotiabank upped their target price on Colliers International Group from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 16th. Stifel Nicolaus boosted their price objective on Colliers International Group from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. upped their price objective on Colliers International Group from $137.00 to $181.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, October 8th. Finally, CIBC boosted their price target on shares of Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $175.70.

Colliers International Group Trading Down 0.1%

Shares of CIGI stock opened at $143.98 on Friday. Colliers International Group Inc. has a 1 year low of $100.86 and a 1 year high of $171.51. The firm has a market capitalization of $7.14 billion, a PE ratio of 65.45 and a beta of 1.47. The stock has a fifty day moving average of $153.24 and a two-hundred day moving average of $146.63. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.17 and a current ratio of 1.17.

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.