Envestnet Asset Management Inc. Has $734,000 Position in Colliers International Group Inc. (NASDAQ:CIGI)

Envestnet Asset Management Inc. cut its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,396 shares of the financial services provider’s stock after selling 233 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Colliers International Group were worth $734,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Colliers International Group by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider’s stock worth $253,867,000 after purchasing an additional 21,422 shares during the last quarter. Franklin Resources Inc. lifted its stake in Colliers International Group by 100.8% in the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock valued at $102,261,000 after buying an additional 340,691 shares during the period. Alberta Investment Management Corp grew its position in shares of Colliers International Group by 3.4% during the 4th quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider’s stock worth $85,143,000 after buying an additional 20,794 shares during the period. Norges Bank acquired a new position in shares of Colliers International Group during the 4th quarter worth about $74,615,000. Finally, Artisan Partners Limited Partnership increased its stake in shares of Colliers International Group by 67.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider’s stock valued at $59,320,000 after acquiring an additional 176,232 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Price Performance

Shares of CIGI opened at $121.85 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. Colliers International Group Inc. has a twelve month low of $100.86 and a twelve month high of $156.96. The stock has a market capitalization of $6.01 billion, a P/E ratio of 38.20 and a beta of 1.36. The company has a 50 day moving average of $119.36 and a 200-day moving average of $134.45.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) 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%. As a group, equities research analysts forecast that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CIGI has been the subject of a number of analyst reports. Stifel Nicolaus decreased their price objective on shares of Colliers International Group from $165.00 to $160.00 and set a “buy” rating for the company in a report on Monday, April 28th. Cibc World Mkts raised Colliers International Group to a “strong-buy” rating in a research note on Tuesday, March 4th. Royal Bank of Canada boosted their target price on Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Scotiabank dropped their price target on Colliers International Group from $166.00 to $165.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 31st. Finally, CIBC started coverage on Colliers International Group in a research report on Tuesday, March 4th. They issued a “sector outperform” rating and a $160.00 price objective for the company. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Colliers International Group has a consensus rating of “Moderate Buy” and a consensus target price of $161.80.

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.