State of Tennessee Department of Treasury Takes $1.92 Million Position in Colliers International Group Inc. (NASDAQ:CIGI)

State of Tennessee Department of Treasury purchased a new position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 14,112 shares of the financial services provider’s stock, valued at approximately $1,918,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Tobam raised its stake in shares of 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 purchasing an additional 98 shares during the last quarter. Plato Investment Management Ltd lifted its stake in shares of Colliers International Group by 16.0% in the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 118 shares during the period. Pictet Asset Management Holding SA boosted its holdings in shares of Colliers International Group by 1.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 8,094 shares of the financial services provider’s stock valued at $1,100,000 after acquiring an additional 144 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of 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 acquiring an additional 180 shares during the period. Finally, Tower Research Capital LLC TRC raised 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 purchasing an additional 298 shares in the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CIGI shares. Colliers Securities set a $160.00 target price on Colliers International Group in a research report on Tuesday, March 4th. National Bankshares dropped their price objective on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. JPMorgan Chase & Co. reduced their target price on Colliers International Group from $167.00 to $142.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. StockNews.com cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. Finally, Scotiabank reduced their price objective on shares of Colliers International Group from $166.00 to $165.00 and set a “sector outperform” rating for the company in a research note on Monday, March 31st. Four investment 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, Colliers International Group presently has a consensus rating of “Moderate Buy” and an average price target of $161.80.

Colliers International Group Trading Up 0.6 %

Shares of CIGI opened at $117.96 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. Colliers International Group Inc. has a 1-year low of $100.86 and a 1-year high of $156.96. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of 36.98 and a beta of 1.36. The firm has a 50 day simple moving average of $119.71 and a 200-day simple moving average of $134.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released 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 return on equity of 20.38% and a net margin of 3.35%. Equities analysts forecast that Colliers International Group Inc. will post 6.2 EPS 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.