American Century Companies Inc. Has $30.22 Million Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

American Century Companies Inc. boosted its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 53.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 222,232 shares of the financial services provider’s stock after purchasing an additional 77,204 shares during the quarter. American Century Companies Inc. owned 0.45% of Colliers International Group worth $30,218,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Colliers International Group by 3.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,346 shares of the financial services provider’s stock valued at $1,420,000 after buying an additional 291 shares during the period. Northwest & Ethical Investments L.P. lifted its position in shares of Colliers International Group by 3.1% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 14,045 shares of the financial services provider’s stock valued at $2,132,000 after acquiring an additional 426 shares during the period. Hantz Financial Services Inc. grew its holdings in shares of Colliers International Group by 38.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 7,021 shares of the financial services provider’s stock worth $1,066,000 after purchasing an additional 1,941 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Colliers International Group during the 3rd quarter worth $1,781,000. Finally, HighTower Advisors LLC increased its position in shares of Colliers International Group by 13.6% in the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 254 shares during the period. Institutional investors own 80.09% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CIGI shares. BMO Capital Markets reduced their price objective on shares of Colliers International Group from $177.00 to $172.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. The Goldman Sachs Group decreased their price objective on shares of Colliers International Group from $165.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. StockNews.com cut Colliers International Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. CIBC initiated coverage on Colliers International Group in a research note on Tuesday, March 4th. They issued a “sector outperform” rating and a $160.00 price target on the stock. Finally, Cibc World Mkts raised Colliers International Group to a “strong-buy” rating in a report on Tuesday, March 4th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.40.

Colliers International Group Price Performance

Shares of CIGI opened at $120.19 on Friday. The business has a 50-day simple moving average of $130.73 and a two-hundred day simple moving average of $140.53. Colliers International Group Inc. has a 12-month low of $101.01 and a 12-month high of $156.96. The stock has a market cap of $5.93 billion, a PE ratio of 37.68 and a beta of 1.58. 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 released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. Analysts anticipate that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

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.