Colliers International Group Inc. (NASDAQ:CIGI) Shares Bought by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership raised its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 67.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 436,397 shares of the financial services provider’s stock after buying an additional 176,232 shares during the quarter. Artisan Partners Limited Partnership’s holdings in Colliers International Group were worth $59,320,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CIGI. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of 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 valued at $1,420,000 after purchasing an additional 291 shares during the last quarter. Northwest & Ethical Investments L.P. raised its holdings in shares of Colliers International Group by 3.1% in the third quarter. Northwest & Ethical Investments L.P. now owns 14,045 shares of the financial services provider’s stock worth $2,132,000 after buying an additional 426 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Colliers International Group by 38.2% in the third quarter. Hantz Financial Services Inc. now owns 7,021 shares of the financial services provider’s stock worth $1,066,000 after buying an additional 1,941 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Colliers International Group during the third quarter worth $1,781,000. Finally, HighTower Advisors LLC grew its holdings in shares of Colliers International Group by 13.6% during the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock valued at $323,000 after buying an additional 254 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Analyst Ratings Changes

CIGI has been the subject of a number of research analyst reports. BMO Capital Markets reduced their target price on 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 decreased their target price on Colliers International Group from $165.00 to $145.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Scotiabank cut their price target on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a report on Friday, February 7th. Colliers Securities set a $160.00 price target on shares of Colliers International Group in a research report on Tuesday, March 4th. Finally, William Blair reaffirmed an “outperform” rating on shares of Colliers International Group in a report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $164.40.

Colliers International Group Stock Performance

CIGI opened at $122.84 on Friday. The firm has a fifty day moving average price of $131.08 and a 200 day moving average price of $140.68. Colliers International Group Inc. has a 1 year low of $101.01 and a 1 year high of $156.96. The stock has a market cap of $6.06 billion, a P/E ratio of 38.51 and a beta of 1.58. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06.

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 anticipate that Colliers International Group Inc. will post 6.2 earnings per share for the current 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.