Keybank National Association OH Cuts Stake in Colliers International Group Inc. (NASDAQ:CIGI)

Keybank National Association OH lowered its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,000 shares of the financial services provider’s stock after selling 125 shares during the quarter. Keybank National Association OH’s holdings in Colliers International Group were worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. lifted its position in Colliers International Group by 100.8% in the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock valued at $102,261,000 after purchasing an additional 340,691 shares during the last quarter. Empowered Funds LLC lifted its position in Colliers International Group by 60.5% in the third quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider’s stock valued at $1,885,000 after purchasing an additional 4,678 shares during the last quarter. Barclays PLC bought a new stake in Colliers International Group in the third quarter valued at approximately $1,629,000. Thrivent Financial for Lutherans bought a new stake in Colliers International Group in the third quarter valued at approximately $2,581,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Colliers International Group in the third quarter valued at approximately $3,543,000. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CIGI. Scotiabank decreased their target price on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a report on Friday, February 7th. JPMorgan Chase & Co. began coverage on Colliers International Group in a report on Monday, December 16th. They set a “neutral” rating and a $167.00 target price for the company. Raymond James decreased their target price on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, February 7th. William Blair restated an “outperform” rating on shares of Colliers International Group in a report on Friday, February 28th. Finally, StockNews.com upgraded Colliers International Group from a “hold” rating to a “buy” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $167.67.

Colliers International Group Price Performance

CIGI opened at $124.19 on Monday. The stock has a fifty day simple moving average of $134.14 and a two-hundred day simple moving average of $142.58. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 38.93 and a beta of 1.58. Colliers International Group Inc. has a 12-month low of $101.01 and a 12-month high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. Research analysts predict that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

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.