American Century Companies Inc. Grows Stake in Colliers International Group Inc. (NASDAQ:CIGI)

American Century Companies Inc. increased its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 487.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,544 shares of the financial services provider’s stock after purchasing an additional 36,958 shares during the quarter. American Century Companies Inc. owned approximately 0.10% of Colliers International Group worth $4,242,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. UBS Group AG lifted its stake in Colliers International Group by 2.9% during the second quarter. UBS Group AG now owns 5,801 shares of the financial services provider’s stock worth $637,000 after purchasing an additional 161 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Colliers International Group by 0.6% during the second quarter. Russell Investments Group Ltd. now owns 31,542 shares of the financial services provider’s stock worth $3,099,000 after purchasing an additional 173 shares during the last quarter. Bank of Nova Scotia lifted its stake in Colliers International Group by 7.2% during the third quarter. Bank of Nova Scotia now owns 2,796 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 187 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in Colliers International Group by 8.3% during the first quarter. Great West Life Assurance Co. Can now owns 2,488 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 190 shares during the last quarter. Finally, Blair William & Co. IL lifted its stake in Colliers International Group by 0.9% during the third quarter. Blair William & Co. IL now owns 26,437 shares of the financial services provider’s stock worth $2,518,000 after purchasing an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CIGI. Raymond James boosted their target price on Colliers International Group from $140.00 to $145.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 9th. BMO Capital Markets boosted their price objective on Colliers International Group from $129.00 to $137.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. National Bankshares cut Colliers International Group from an “outperform” rating to a “sector perform” rating and set a $125.00 price objective for the company. in a research note on Thursday, January 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $150.00 price objective on shares of Colliers International Group in a research note on Thursday, February 29th. Finally, Stifel Nicolaus boosted their price objective on Colliers International Group from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Colliers International Group has a consensus rating of “Moderate Buy” and an average price target of $137.89.

Colliers International Group Trading Up 2.3 %

NASDAQ:CIGI opened at $123.10 on Thursday. The firm has a market cap of $6.00 billion, a P/E ratio of 93.26 and a beta of 1.46. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.76. The stock’s 50 day simple moving average is $119.69 and its 200-day simple moving average is $110.25. Colliers International Group Inc. has a 12-month low of $83.38 and a 12-month high of $131.05.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Thursday, February 8th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.01). The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.20 billion. Colliers International Group had a net margin of 1.51% and a return on equity of 32.94%. Equities analysts anticipate that Colliers International Group Inc. will post 5.69 EPS for the current year.

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.