Swiss National Bank Decreases Stock Position in Colliers International Group Inc. (NASDAQ:CIGI)

Swiss National Bank trimmed its position in Colliers International Group Inc. (NASDAQ:CIGI – Get Rating) (TSE:CIGI) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,400 shares of the financial services provider’s stock after selling 300 shares during the period. Swiss National Bank owned about 0.20% of Colliers International Group worth $7,476,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Desjardins Global Asset Management Inc. purchased a new position in Colliers International Group in the 4th quarter valued at about $2,741,000. Envestnet Asset Management Inc. lifted its holdings in Colliers International Group by 3.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 4,687 shares of the financial services provider’s stock valued at $431,000 after purchasing an additional 140 shares in the last quarter. Cidel Asset Management Inc. lifted its holdings in Colliers International Group by 1.9% in the 4th quarter. Cidel Asset Management Inc. now owns 157,862 shares of the financial services provider’s stock valued at $14,491,000 after purchasing an additional 2,983 shares in the last quarter. Lincluden Management Ltd. increased its stake in shares of Colliers International Group by 9.7% during the 4th quarter. Lincluden Management Ltd. now owns 26,284 shares of the financial services provider’s stock valued at $2,414,000 after acquiring an additional 2,325 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its stake in shares of Colliers International Group by 5.7% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 6,170 shares of the financial services provider’s stock valued at $568,000 after acquiring an additional 330 shares during the last quarter. 65.89% of the stock is currently owned by hedge funds and other institutional investors.

Colliers International Group Stock Up 2.7 %

Shares of NASDAQ:CIGI opened at $93.70 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 3.73. Colliers International Group Inc. has a 52-week low of $84.16 and a 52-week high of $133.02. The company has a 50 day moving average of $100.80 and a two-hundred day moving average of $100.25. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 95.61 and a beta of 1.49.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CIGI shares. National Bankshares dropped their price objective on shares of Colliers International Group from $140.00 to $133.00 and set an “outperform” rating for the company in a research note on Wednesday, May 3rd. The Goldman Sachs Group dropped their price objective on shares of Colliers International Group from $142.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, April 10th. TD Securities dropped their target price on shares of Colliers International Group from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, May 3rd. StockNews.com began coverage on shares of Colliers International Group in a research report on Thursday. They set a “hold” rating for the company. Finally, Raymond James dropped their target price on shares of Colliers International Group from $160.00 to $150.00 and set a “strong-buy” rating for the company in a research report on Thursday, January 26th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.20.

Colliers International Group Company Profile

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Colliers International Group, Inc engages in the provision of commercial real estate services to corporate and institutional clients. It offers outsourcing and advisory services, lease brokerage, and sales brokerage. It operates through the following segments: Americas, EMEA, Asia Pacific, Investment Management, and Corporate.