National Bank of Canada FI Has $12.57 Million Stock Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

National Bank of Canada FI grew its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 92,481 shares of the financial services provider’s stock after acquiring an additional 8,119 shares during the quarter. National Bank of Canada FI owned 0.19% of Colliers International Group worth $12,572,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CIGI. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Colliers International Group by 3.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,346 shares of the financial services provider’s stock worth $1,420,000 after acquiring an additional 291 shares during the period. 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. Janus Henderson Group PLC acquired a new position in Colliers International Group in the third quarter valued at about $69,920,000. Jane Street Group LLC lifted its position in Colliers International Group by 10.5% during the third quarter. Jane Street Group LLC now owns 34,916 shares of the financial services provider’s stock worth $5,299,000 after purchasing an additional 3,314 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in Colliers International Group during the third quarter worth about $3,543,000. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Stock Performance

NASDAQ CIGI opened at $112.17 on Friday. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 35.16 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 Inc. has a twelve month low of $101.01 and a twelve month high of $156.96. The stock has a fifty day simple moving average of $128.62 and a 200 day simple moving average of $139.66.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results 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 net margin of 3.35% and a return on equity of 20.38%. Sell-side analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current year.

Analyst Ratings Changes

CIGI has been the topic of several analyst reports. Colliers Securities set a $160.00 price target on shares of Colliers International Group in a research report on Tuesday, March 4th. Cibc World Mkts upgraded Colliers International Group to a “strong-buy” rating in a research note on Tuesday, March 4th. StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 20th. BMO Capital Markets decreased their target price on Colliers International Group from $177.00 to $172.00 and set a “market perform” rating on the stock in a research report on Friday, February 7th. Finally, William Blair reissued an “outperform” rating on shares of Colliers International Group in a report on Friday, February 28th. 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.30.

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.