Polen Capital Management LLC Purchases New Position in Colliers International Group Inc. (NASDAQ:CIGI)

Polen Capital Management LLC purchased a new position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,226 shares of the financial services provider’s stock, valued at approximately $1,118,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Plato Investment Management Ltd grew its holdings in shares of Colliers International Group by 16.0% during the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock worth $117,000 after buying an additional 118 shares in the last quarter. Tobam boosted its stake in shares of Colliers International Group by 12.0% during the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 98 shares during the period. Venturi Wealth Management LLC bought a new position in Colliers International Group during the fourth quarter worth $145,000. Blue Trust Inc. raised its holdings in Colliers International Group by 65.1% in the 4th quarter. Blue Trust Inc. now owns 1,539 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 607 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in Colliers International Group by 13.6% during the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 254 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CIGI shares. National Bankshares cut 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 report on Friday, February 7th. Colliers Securities set a $160.00 target price on Colliers International Group in a research report on Tuesday, March 4th. CIBC assumed coverage on shares of Colliers International Group in a report on Tuesday, March 4th. They set a “sector outperform” rating and a $160.00 price target for the company. Scotiabank dropped their price objective on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a report on Friday, February 7th. Finally, BMO Capital Markets cut their target price on Colliers International Group from $177.00 to $172.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $166.90.

Colliers International Group Price Performance

CIGI stock opened at $122.75 on Monday. The company’s 50-day moving average is $132.79 and its 200-day moving average is $141.79. Colliers International Group Inc. has a 1 year low of $101.01 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 capitalization of $6.05 billion, a PE ratio of 38.48 and a beta of 1.58.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings data 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%. Equities research analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Colliers International Group 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.