Colliers International Group Inc. (NASDAQ:CIGI) Stock Holdings Cut by BloombergSen Inc.

BloombergSen Inc. cut its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 39.0% in the third quarter, Holdings Channel reports. The institutional investor owned 661,194 shares of the financial services provider’s stock after selling 422,644 shares during the quarter. Colliers International Group accounts for 5.8% of BloombergSen Inc.’s holdings, making the stock its 7th largest holding. BloombergSen Inc.’s holdings in Colliers International Group were worth $100,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in CIGI. Whittier Trust Co. of Nevada Inc. boosted its holdings in Colliers International Group by 26.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock worth $90,000 after buying an additional 124 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Colliers International Group by 2.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,055 shares of the financial services provider’s stock worth $1,011,000 after acquiring an additional 238 shares during the last quarter. Whittier Trust Co. increased its position in shares of Colliers International Group by 8.4% during the third quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider’s stock worth $540,000 after purchasing an additional 277 shares in the last quarter. Blue Trust Inc. raised its stake in Colliers International Group by 3,377.8% in the 2nd quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 304 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Colliers International Group by 0.5% in the 1st quarter. Swiss National Bank now owns 82,200 shares of the financial services provider’s stock valued at $10,044,000 after purchasing an additional 400 shares in the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

Colliers International Group Stock Up 2.6 %

CIGI stock opened at $151.22 on Friday. The firm has a market cap of $7.43 billion, a PE ratio of 51.44 and a beta of 1.50. Colliers International Group Inc. has a one year low of $94.85 and a one year high of $156.96. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s 50 day moving average price is $148.38 and its 200-day moving average price is $129.97.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Colliers International Group had a net margin of 3.20% and a return on equity of 23.60%. Colliers International Group’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.10 EPS. On average, equities research analysts anticipate that Colliers International Group Inc. will post 5.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CIGI. National Bank Financial raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Scotiabank upped their price objective on shares of Colliers International Group from $155.00 to $167.50 and gave the company a “sector outperform” rating in a research note on Wednesday. Royal Bank of Canada raised their target price on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Raymond James cut Colliers International Group from a “strong-buy” rating to an “outperform” rating and boosted their target price for the stock from $150.00 to $160.00 in a report on Friday, August 2nd. Finally, Stifel Nicolaus lifted their price objective on Colliers International Group from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $160.42.

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.