Colliers International Group Inc. (NASDAQ:CIGI) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD grew its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 458,569 shares of the financial services provider’s stock after acquiring an additional 4,101 shares during the period. Price T Rowe Associates Inc. MD owned about 0.93% of Colliers International Group worth $62,353,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. FIL Ltd increased its stake in shares of Colliers International Group by 116.5% during the fourth quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider’s stock worth $210,449,000 after purchasing an additional 832,583 shares in the last quarter. Norges Bank purchased a new stake in shares of Colliers International Group during the fourth quarter worth about $74,615,000. Franklin Resources Inc. increased its stake in shares of 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 worth $102,261,000 after purchasing an additional 340,691 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Colliers International Group by 67.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider’s stock worth $59,320,000 after purchasing an additional 176,232 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Colliers International Group by 53.2% during the fourth quarter. American Century Companies Inc. now owns 222,232 shares of the financial services provider’s stock worth $30,218,000 after purchasing an additional 77,204 shares in the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Stock Performance

Colliers International Group stock opened at $117.20 on Tuesday. The firm has a 50 day simple moving average of $119.91 and a 200-day simple moving average of $135.08. Colliers International Group Inc. has a 1-year low of $100.86 and a 1-year high of $156.96. 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 stock has a market cap of $5.78 billion, a price-to-earnings ratio of 36.74 and a beta of 1.36.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) 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 expect that Colliers International Group Inc. will post 6.2 EPS for the current year.

Analyst Ratings Changes

CIGI has been the subject of a number of research reports. BMO Capital Markets cut their target price on shares of Colliers International Group from $177.00 to $172.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. The Goldman Sachs Group cut their target price on shares of Colliers International Group from $165.00 to $145.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. Raymond James dropped their price objective on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. William Blair reaffirmed an “outperform” rating on shares of Colliers International Group in a research note on Friday, February 28th. Finally, National Bankshares dropped their price objective on shares of Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a research note 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $161.80.

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.