Stonegate Investment Group LLC acquired a new stake in Colliers International Group Inc. (NASDAQ:CIGI – Free Report) (TSE:CIGI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,740 shares of the financial services provider’s stock, valued at approximately $264,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. increased its holdings in Colliers International Group by 575.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 207 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Colliers International Group by 2.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,055 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 238 shares during the period. Blue Trust Inc. raised its holdings in Colliers International Group by 3,377.8% in the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 304 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Colliers International Group by 252.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 316 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Colliers International Group by 0.5% during the 1st quarter. Swiss National Bank now owns 82,200 shares of the financial services provider’s stock worth $10,044,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.
Colliers International Group Stock Up 0.5 %
Shares of NASDAQ CIGI opened at $151.22 on Friday. The business has a 50-day moving average price of $145.17 and a 200 day moving average price of $126.36. The stock has a market cap of $7.40 billion, a PE ratio of 73.77 and a beta of 1.49. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.13. Colliers International Group Inc. has a 52-week low of $83.38 and a 52-week high of $154.11.
Analysts Set New Price Targets
CIGI has been the topic of a number of analyst reports. Raymond James lowered shares of Colliers International Group from a “strong-buy” rating to an “outperform” rating and raised their price objective for the company from $150.00 to $160.00 in a report on Friday, August 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 price target on shares of Colliers International Group in a report on Monday, September 9th. BMO Capital Markets increased their price objective on Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a report on Friday, September 13th. Scotiabank raised their target price on Colliers International Group from $150.00 to $155.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 2nd. Finally, StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $156.00.
Read Our Latest Analysis on CIGI
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.
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