Lincluden Management Ltd. Sells 13,184 Shares of Colliers International Group Inc. $CIGI

Lincluden Management Ltd. lessened its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 25.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 38,427 shares of the financial services provider’s stock after selling 13,184 shares during the period. Lincluden Management Ltd.’s holdings in Colliers International Group were worth $5,016,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CIGI. T. Rowe Price Investment Management Inc. lifted its stake in shares of Colliers International Group by 56.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 965,700 shares of the financial services provider’s stock worth $117,140,000 after purchasing an additional 349,046 shares during the period. Durable Capital Partners LP lifted its stake in shares of Colliers International Group by 12.4% in the 1st quarter. Durable Capital Partners LP now owns 2,972,757 shares of the financial services provider’s stock worth $360,595,000 after purchasing an additional 328,430 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Colliers International Group by 39.9% in the 1st quarter. Ameriprise Financial Inc. now owns 480,040 shares of the financial services provider’s stock worth $58,229,000 after purchasing an additional 136,871 shares during the period. 1832 Asset Management L.P. lifted its stake in shares of Colliers International Group by 17.5% in the 1st quarter. 1832 Asset Management L.P. now owns 404,706 shares of the financial services provider’s stock worth $49,091,000 after purchasing an additional 60,334 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Colliers International Group by 78.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 129,415 shares of the financial services provider’s stock worth $15,698,000 after acquiring an additional 56,755 shares during the period. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Trading Down 2.0%

Shares of CIGI opened at $149.47 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.17 and a quick ratio of 1.17. Colliers International Group Inc. has a 1 year low of $100.86 and a 1 year high of $170.65. The company has a 50 day simple moving average of $160.94 and a two-hundred day simple moving average of $137.91. The firm has a market cap of $7.41 billion, a P/E ratio of 67.94 and a beta of 1.44.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.20. Colliers International Group had a net margin of 2.17% and a return on equity of 20.82%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the firm posted $1.36 EPS. The company’s revenue was up 18.3% on a year-over-year basis. On average, equities analysts expect that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CIGI has been the topic of a number of recent analyst reports. Citizens Jmp initiated coverage on shares of Colliers International Group in a research note on Monday, July 21st. They set a “market perform” rating on the stock. Scotiabank raised their target price on shares of Colliers International Group from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 16th. Royal Bank Of Canada raised their target price on shares of Colliers International Group from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Weiss Ratings restated a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday. Finally, JMP Securities initiated coverage on shares of Colliers International Group in a research note on Monday, July 21st. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $173.80.

About Colliers International Group

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.