Guardian Capital LP Decreases Stock Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Guardian Capital LP lowered its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,203 shares of the financial services provider’s stock after selling 425 shares during the period. Guardian Capital LP’s holdings in Colliers International Group were worth $1,115,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Tobam boosted its holdings in Colliers International Group by 12.0% during the fourth quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after buying an additional 98 shares in the last quarter. Plato Investment Management Ltd boosted its holdings in Colliers International Group by 16.0% during the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock worth $117,000 after buying an additional 118 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in Colliers International Group by 1.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 8,094 shares of the financial services provider’s stock worth $1,100,000 after buying an additional 144 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Colliers International Group by 2.5% during the fourth quarter. Alliancebernstein L.P. now owns 7,474 shares of the financial services provider’s stock worth $1,016,000 after buying an additional 180 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Colliers International Group by 1,752.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider’s stock worth $43,000 after buying an additional 298 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CIGI shares. Scotiabank reduced their price target on shares of Colliers International Group from $166.00 to $165.00 and set a “sector outperform” rating on the stock in a report on Monday, March 31st. Raymond James reduced their price target on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. StockNews.com downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Thursday, March 20th. William Blair reaffirmed an “outperform” rating on shares of Colliers International Group in a report on Friday, February 28th. Finally, The Goldman Sachs Group reduced their price target on shares of Colliers International Group from $165.00 to $145.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Colliers International Group currently has a consensus rating of “Moderate Buy” and an average target price of $161.80.

Colliers International Group Stock Performance

Shares of CIGI stock opened at $117.96 on Wednesday. Colliers International Group Inc. has a one year low of $100.86 and a one year high of $156.96. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50 day moving average price of $119.71 and a 200 day moving average price of $134.96. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 36.98 and a beta of 1.36.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 EPS 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%. Sell-side analysts anticipate that Colliers International Group Inc. will post 6.2 EPS for the current 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.