Legal & General Group Plc Trims Stake in Colliers International Group Inc. (NASDAQ:CIGI)

Legal & General Group Plc lowered its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 15.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,243 shares of the financial services provider’s stock after selling 7,936 shares during the period. Legal & General Group Plc owned approximately 0.09% of Colliers International Group worth $5,742,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Franklin Resources Inc. lifted its position in Colliers International Group by 100.8% during the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock valued at $102,261,000 after purchasing an additional 340,691 shares during the last quarter. Barclays PLC purchased a new position in Colliers International Group in the third quarter worth $1,629,000. Sei Investments Co. increased its stake in Colliers International Group by 37.7% in the fourth quarter. Sei Investments Co. now owns 13,179 shares of the financial services provider’s stock valued at $1,792,000 after acquiring an additional 3,606 shares during the last quarter. Vanguard Group Inc. raised its position in Colliers International Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider’s stock valued at $253,867,000 after purchasing an additional 21,422 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Colliers International Group in the 4th quarter worth about $1,259,000. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Price Performance

Shares of CIGI stock opened at $114.06 on Monday. The firm has a market cap of $5.62 billion, a P/E ratio of 35.76 and a beta of 1.36. The business’s 50 day moving average price is $121.91 and its 200-day moving average price is $136.47. Colliers International Group Inc. has a fifty-two week low of $100.86 and a fifty-two week 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.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data 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%. On average, equities research analysts anticipate that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

Analysts Set New Price Targets

CIGI has been the subject of a number of recent research reports. StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 20th. William Blair reaffirmed an “outperform” rating on shares of Colliers International Group in a report on Friday, February 28th. Royal Bank of Canada boosted their price target on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. BMO Capital Markets decreased their price objective on Colliers International Group from $177.00 to $172.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. Finally, National Bankshares dropped their target price on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Four investment 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $161.80.

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.