Colliers International Group Inc. (NASDAQ:CIGI) Shares Purchased by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co increased its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 47.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,775 shares of the financial services provider’s stock after purchasing an additional 5,367 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Colliers International Group were worth $2,212,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Plato Investment Management Ltd grew its stake in Colliers International Group by 16.0% during the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 118 shares in the last quarter. Tobam lifted its holdings in 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 buying an additional 98 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in Colliers International Group during the 4th quarter worth about $145,000. CIBC Private Wealth Group LLC lifted its holdings in Colliers International Group by 44.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider’s stock worth $164,000 after buying an additional 378 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in Colliers International Group by 112.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,260 shares of the financial services provider’s stock worth $171,000 after buying an additional 667 shares during the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. BMO Capital Markets decreased their price target on Colliers International Group from $177.00 to $172.00 and set a “market perform” rating for the company in a report on Friday, February 7th. Royal Bank of Canada lifted their price target on Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. JPMorgan Chase & Co. reduced their target price on Colliers International Group from $167.00 to $142.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. The Goldman Sachs Group reduced 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. Finally, William Blair reissued 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 given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $161.80.

Colliers International Group Stock Down 1.0 %

CIGI opened at $115.40 on Monday. The business has a 50 day moving average price of $120.20 and a two-hundred day moving average price of $135.31. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. The company has a market cap of $5.69 billion, a PE ratio of 36.18 and a beta of 1.36. Colliers International Group Inc. has a 52 week low of $100.86 and a 52 week high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. As a group, research analysts anticipate that Colliers International Group Inc. will post 6.2 EPS 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.