Raymond James Financial Services Advisors Inc. Has $406,000 Stake in Colliers International Group Inc. (NASDAQ:CIGI)

Raymond James Financial Services Advisors Inc. decreased its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 38.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,209 shares of the financial services provider’s stock after selling 1,969 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Colliers International Group were worth $406,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CIGI. Norges Bank acquired a new stake in shares of Colliers International Group during the 4th quarter worth approximately $31,951,000. Wellington Management Group LLP lifted its holdings in shares of Colliers International Group by 181.6% in the 3rd quarter. Wellington Management Group LLP now owns 494,012 shares of the financial services provider’s stock worth $47,125,000 after purchasing an additional 318,591 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Colliers International Group by 73.9% in the 3rd quarter. Mackenzie Financial Corp now owns 542,885 shares of the financial services provider’s stock worth $50,559,000 after purchasing an additional 230,664 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Colliers International Group by 7,571.3% in the 4th quarter. Millennium Management LLC now owns 203,444 shares of the financial services provider’s stock worth $18,723,000 after purchasing an additional 200,792 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Colliers International Group in the 3rd quarter worth $13,767,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

Analysts Set New Price Targets

CIGI has been the topic of a number of recent research reports. Stifel Nicolaus increased their target price on Colliers International Group from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. BMO Capital Markets increased their target price on Colliers International Group from $129.00 to $137.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Scotiabank cut their target price on Colliers International Group from $140.00 to $135.00 and set a “sector outperform” rating on the stock in a report on Wednesday. Royal Bank of Canada restated an “outperform” rating and set a $150.00 price objective on shares of Colliers International Group in a research note on Thursday, February 29th. Finally, Raymond James raised their price objective on Colliers International Group from $140.00 to $145.00 and gave the company a “strong-buy” rating in a research note on Friday, February 9th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Colliers International Group has an average rating of “Moderate Buy” and an average price target of $138.50.

Colliers International Group Trading Down 0.7 %

NASDAQ CIGI opened at $106.22 on Friday. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 80.47 and a beta of 1.46. Colliers International Group Inc. has a one year low of $83.38 and a one year high of $131.05. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.02 and a quick ratio of 1.02. The business’s fifty day moving average is $119.08 and its 200-day moving average is $111.53.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Thursday, February 8th. The financial services provider reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.01). The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.20 billion. Colliers International Group had a return on equity of 32.94% and a net margin of 1.51%. Equities research analysts predict that Colliers International Group Inc. will post 5.62 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.