Barclays PLC Sells 559 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Barclays PLC lessened its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,175 shares of the financial services provider’s stock after selling 559 shares during the quarter. Barclays PLC’s holdings in Colliers International Group were worth $1,383,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. FIL Ltd raised its holdings in shares of Colliers International Group by 116.5% during the 4th quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider’s stock valued at $210,449,000 after purchasing an additional 832,583 shares in the last quarter. Norges Bank bought a new position in Colliers International Group during the fourth quarter valued at about $74,615,000. Franklin Resources Inc. lifted its position in shares of 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 worth $102,261,000 after buying an additional 340,691 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Colliers International Group by 67.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider’s stock worth $59,320,000 after acquiring an additional 176,232 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Colliers International Group by 53.2% during the 4th quarter. American Century Companies Inc. now owns 222,232 shares of the financial services provider’s stock valued at $30,218,000 after acquiring an additional 77,204 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. CIBC assumed coverage on Colliers International Group in a research report on Tuesday, March 4th. They set a “sector outperform” rating and a $160.00 target price for the company. Cibc World Mkts upgraded shares of Colliers International Group to a “strong-buy” rating in a research note on Tuesday, March 4th. Raymond James cut their target price on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. BMO Capital Markets lowered their price target on Colliers International Group from $177.00 to $172.00 and set a “market perform” rating on the stock in a research report on Friday, February 7th. Finally, National Bankshares cut their price objective on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $161.80.

Colliers International Group Stock Up 2.4 %

CIGI opened at $121.85 on Friday. 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 market capitalization of $6.01 billion, a P/E ratio of 38.20 and a beta of 1.36. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s fifty day moving average price is $119.36 and its two-hundred day moving average price is $134.34.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates 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, analysts anticipate that Colliers International Group Inc. will post 6.2 EPS for the current year.

About Colliers International Group

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.