3,835 Shares in Colliers International Group Inc. (NASDAQ:CIGI) Purchased by First Trust Advisors LP

First Trust Advisors LP bought a new position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 3,835 shares of the financial services provider’s stock, valued at approximately $522,000.

A number of other hedge funds have also added to or reduced their stakes in CIGI. CANADA LIFE ASSURANCE Co boosted its position in shares of Colliers International Group by 47.0% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 16,775 shares of the financial services provider’s stock valued at $2,212,000 after acquiring an additional 5,367 shares during the period. Marshall Wace LLP purchased a new stake in Colliers International Group in the 4th quarter worth approximately $2,752,000. XTX Topco Ltd bought a new position in Colliers International Group in the 4th quarter valued at $627,000. Scotia Capital Inc. grew its position in shares of Colliers International Group by 127.1% during the 4th quarter. Scotia Capital Inc. now owns 10,195 shares of the financial services provider’s stock valued at $1,386,000 after purchasing an additional 5,706 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Colliers International Group in the fourth quarter worth $1,259,000. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CIGI shares. National Bankshares reduced their target price on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. StockNews.com lowered Colliers International Group from a “buy” rating to a “hold” rating in a report on Thursday, March 20th. William Blair restated an “outperform” rating on shares of Colliers International Group in a research report on Friday, February 28th. BMO Capital Markets dropped their target price on shares of Colliers International Group from $177.00 to $172.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. Finally, CIBC started coverage on shares of Colliers International Group in a report on Tuesday, March 4th. They issued a “sector outperform” rating and a $160.00 price target on the stock. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $160.80.

Colliers International Group Trading Up 0.4 %

CIGI stock opened at $123.65 on Friday. Colliers International Group Inc. has a one year low of $100.86 and a one year high of $156.96. The company has a market capitalization of $6.10 billion, a PE ratio of 38.76 and a beta of 1.38. The company’s 50 day moving average price is $118.83 and its two-hundred day moving average price is $133.48. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.04). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm earned $0.77 earnings per share. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, analysts predict that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal 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.