Northwest & Ethical Investments L.P. Boosts Stake in Colliers International Group Inc. (NASDAQ:CIGI)

Northwest & Ethical Investments L.P. raised its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 3.1% during the third quarter, HoldingsChannel.com reports. The firm owned 14,045 shares of the financial services provider’s stock after purchasing an additional 426 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Colliers International Group were worth $2,132,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Colliers International Group by 3.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,346 shares of the financial services provider’s stock worth $1,420,000 after purchasing an additional 291 shares during the period. Loomis Sayles & Co. L P raised its position in Colliers International Group by 55.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider’s stock worth $54,461,000 after purchasing an additional 128,005 shares during the period. Montrusco Bolton Investments Inc. raised its position in Colliers International Group by 0.9% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 108,264 shares of the financial services provider’s stock worth $16,449,000 after purchasing an additional 997 shares during the period. Massachusetts Financial Services Co. MA raised its position in Colliers International Group by 93.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 121,801 shares of the financial services provider’s stock worth $18,491,000 after purchasing an additional 58,858 shares during the period. Finally, King Luther Capital Management Corp raised its position in Colliers International Group by 1.2% in the 3rd quarter. King Luther Capital Management Corp now owns 14,639 shares of the financial services provider’s stock worth $2,222,000 after purchasing an additional 178 shares during the period. 80.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. BMO Capital Markets raised their target price on shares of Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a research report on Friday, September 13th. Stifel Nicolaus raised their target price on shares of Colliers International Group from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. StockNews.com lowered shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Raymond James lowered shares of Colliers International Group from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from $150.00 to $160.00 in a research report on Friday, August 2nd. Finally, 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 report on Monday, October 21st. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Colliers International Group has an average rating of “Moderate Buy” and an average price target of $160.42.

Colliers International Group Stock Performance

Shares of CIGI stock opened at $153.63 on Friday. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 48.93 and a beta of 1.50. The company’s 50 day moving average is $149.78 and its 200 day moving average is $134.08. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.42. Colliers International Group Inc. has a 52-week low of $101.01 and a 52-week high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.17). The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 earnings per share. On average, sell-side analysts anticipate that Colliers International Group Inc. will post 5.44 EPS for the current fiscal year.

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.