Colliers International Group Inc. (NASDAQ:CIGI) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc lowered its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 18.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 348,438 shares of the financial services provider’s stock after selling 77,631 shares during the period. CIBC Asset Management Inc owned approximately 0.71% of Colliers International Group worth $52,901,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Empowered Funds LLC raised its stake in shares of Colliers International Group by 9.9% during the first quarter. Empowered Funds LLC now owns 7,178 shares of the financial services provider’s stock valued at $877,000 after purchasing an additional 645 shares in the last quarter. Swiss National Bank raised its position in shares of Colliers International Group by 0.5% during the 1st quarter. Swiss National Bank now owns 82,200 shares of the financial services provider’s stock worth $10,044,000 after buying an additional 400 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Colliers International Group by 33.9% during the 1st quarter. Russell Investments Group Ltd. now owns 16,473 shares of the financial services provider’s stock worth $2,015,000 after buying an additional 4,169 shares in the last quarter. Blair William & Co. IL lifted its stake in shares of Colliers International Group by 13.6% in the 1st quarter. Blair William & Co. IL now owns 34,783 shares of the financial services provider’s stock worth $4,251,000 after acquiring an additional 4,170 shares during the period. Finally, Motco bought a new position in shares of Colliers International Group in the first quarter valued at approximately $237,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Royal Bank of Canada upped their target price on Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Stifel Nicolaus raised their target price on Colliers International Group from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Raymond James lowered Colliers International Group from a “strong-buy” rating to an “outperform” rating and lifted their target price for the stock from $150.00 to $160.00 in a report on Friday, August 2nd. National Bankshares upped their price target on shares of Colliers International Group from $125.00 to $137.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd. Finally, BMO Capital Markets lifted their price objective on shares of Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $160.42.

Colliers International Group Trading Down 1.6 %

NASDAQ:CIGI opened at $146.59 on Friday. The stock has a fifty day simple moving average of $149.13 and a 200 day simple moving average of $131.39. The firm has a market capitalization of $7.20 billion, a price-to-earnings ratio of 46.68 and a beta of 1.50. Colliers International Group Inc. has a 1-year low of $101.01 and a 1-year high of $156.96. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.42.

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