Russell Investments Group Ltd. Acquires 1,419 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Russell Investments Group Ltd. raised its stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 10.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,993 shares of the financial services provider’s stock after buying an additional 1,419 shares during the quarter. Russell Investments Group Ltd.’s holdings in Colliers International Group were worth $2,038,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CIGI. Norges Bank acquired a new position in Colliers International Group in the 4th quarter worth $74,615,000. Franklin Resources Inc. grew its holdings in shares of Colliers International Group by 100.8% during the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock worth $102,261,000 after buying an additional 340,691 shares in the last quarter. Artisan Partners Limited Partnership raised its position in Colliers International Group by 67.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider’s stock valued at $59,320,000 after buying an additional 176,232 shares during the last quarter. American Century Companies Inc. lifted its stake in Colliers International Group by 53.2% in the 4th quarter. American Century Companies Inc. now owns 222,232 shares of the financial services provider’s stock valued at $30,218,000 after acquiring an additional 77,204 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in Colliers International Group by 225.0% during the 4th quarter. New York State Common Retirement Fund now owns 71,999 shares of the financial services provider’s stock worth $9,790,000 after acquiring an additional 49,846 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Stock Up 0.6 %

Colliers International Group stock opened at $114.06 on Friday. Colliers International Group Inc. has a twelve month low of $100.86 and a twelve month high of $156.96. The stock has a market cap of $5.62 billion, a P/E ratio of 35.76 and a beta of 1.36. The company’s 50-day moving average price is $122.29 and its two-hundred day moving average price is $136.93. 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 posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. As a group, analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CIGI. Colliers Securities set a $160.00 price objective on shares of Colliers International Group in a research report on Tuesday, March 4th. William Blair reissued an “outperform” rating on shares of Colliers International Group in a research report on Friday, February 28th. Cibc World Mkts upgraded Colliers International Group to a “strong-buy” rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. dropped their target price on Colliers International Group from $167.00 to $142.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Finally, BMO Capital Markets decreased their price target on Colliers International Group from $177.00 to $172.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. Four equities research 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $161.80.

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.