Colliers International Group Inc. (NASDAQ:CIGI) Stock Position Decreased by Jane Street Group LLC

Jane Street Group LLC lowered its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,031 shares of the financial services provider’s stock after selling 885 shares during the period. Jane Street Group LLC owned about 0.07% of Colliers International Group worth $4,626,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its position in Colliers International Group by 1,752.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 298 shares during the last quarter. Plato Investment Management Ltd raised its holdings in shares of Colliers International Group by 16.0% during the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock valued at $117,000 after buying an additional 118 shares during the last quarter. Tobam boosted its position in shares of Colliers International Group by 12.0% during the fourth quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after buying an additional 98 shares during the period. Venturi Wealth Management LLC bought a new position in Colliers International Group in the 4th quarter worth approximately $145,000. Finally, CIBC Private Wealth Group LLC increased its position in Colliers International Group by 44.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 378 shares during the period. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Stock Performance

Shares of NASDAQ CIGI opened at $123.65 on Friday. Colliers International Group Inc. has a 12 month low of $100.86 and a 12 month high of $156.96. The company has a market cap of $6.10 billion, a P/E ratio of 38.76 and a beta of 1.38. The business’s 50 day moving average is $118.83 and its two-hundred day moving average is $133.38. 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 announced its earnings results on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the firm posted $0.77 EPS. The company’s revenue was up 13.9% compared to the same quarter last year. On average, equities analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Colliers International Group from $167.00 to $142.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. CIBC began coverage on Colliers International Group in a research note on Tuesday, March 4th. They set a “sector outperform” rating and a $160.00 price target for the company. Colliers Securities set a $160.00 price objective on Colliers International Group in a research note on Tuesday, March 4th. Scotiabank lowered their target price on Colliers International Group from $165.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday. 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 for the company in a report on Friday, February 7th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $160.80.

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.