Royce & Associates LP Has $56.82 Million Position in Colliers International Group Inc. (NASDAQ:CIGI)

Royce & Associates LP lowered its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 10.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 417,907 shares of the financial services provider’s stock after selling 47,265 shares during the period. Royce & Associates LP’s holdings in Colliers International Group were worth $56,823,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. raised its holdings in shares of Colliers International Group by 100.8% during the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock valued at $102,261,000 after purchasing an additional 340,691 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Colliers International Group by 60.5% during the 3rd quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider’s stock valued at $1,885,000 after purchasing an additional 4,678 shares in the last quarter. Barclays PLC bought a new position in shares of Colliers International Group during the 3rd quarter valued at $1,629,000. Thrivent Financial for Lutherans bought a new position in shares of Colliers International Group during the 3rd quarter valued at $2,581,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Colliers International Group during the 3rd quarter valued at $3,543,000. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Stock Performance

NASDAQ:CIGI opened at $122.75 on Friday. The firm’s 50-day moving average is $132.79 and its 200-day moving average is $141.80. Colliers International Group Inc. has a 52-week low of $101.01 and a 52-week high of $156.96. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 38.48 and a beta of 1.58.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data 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 return on equity of 20.38% and a net margin of 3.35%. Equities research analysts anticipate that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

Wall Street Analyst Weigh In

CIGI has been the topic of a number of recent research reports. JPMorgan Chase & Co. started coverage on shares of Colliers International Group in a report on Monday, December 16th. They set a “neutral” rating and a $167.00 price target on the stock. Cibc World Mkts upgraded shares of Colliers International Group to a “strong-buy” rating in a report on Tuesday, March 4th. StockNews.com upgraded shares of Colliers International Group from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Raymond James dropped their target price on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Finally, William Blair reiterated an “outperform” rating on shares of Colliers International Group in a report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Colliers International Group presently has an average rating of “Moderate Buy” and an average price target of $166.90.

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.