Janus Henderson Group PLC Raises Position in Colliers International Group Inc. (NASDAQ:CIGI)

Janus Henderson Group PLC increased its stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 466,425 shares of the financial services provider’s stock after buying an additional 5,850 shares during the quarter. Janus Henderson Group PLC owned about 0.95% of Colliers International Group worth $63,420,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Durable Capital Partners LP boosted its holdings in Colliers International Group by 4.0% in the 4th quarter. Durable Capital Partners LP now owns 2,644,327 shares of the financial services provider’s stock worth $359,549,000 after acquiring an additional 102,586 shares during the period. Vanguard Group Inc. lifted its position in shares of Colliers International Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider’s stock worth $253,867,000 after purchasing an additional 21,422 shares in the last quarter. FIL Ltd boosted its stake in shares of Colliers International Group by 116.5% in the fourth quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider’s stock valued at $210,449,000 after purchasing an additional 832,583 shares during the period. Alberta Investment Management Corp boosted its stake in shares of Colliers International Group by 3.4% in the fourth quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider’s stock valued at $85,143,000 after purchasing an additional 20,794 shares during the period. Finally, Norges Bank acquired a new stake in Colliers International Group during the 4th quarter valued at $74,615,000. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

Colliers International Group Price Performance

CIGI opened at $128.92 on Wednesday. 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’s 50-day moving average price is $118.94 and its 200 day moving average price is $133.02. Colliers International Group Inc. has a fifty-two week low of $100.86 and a fifty-two week high of $156.96. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 40.41 and a beta of 1.38.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, sell-side analysts expect that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on CIGI. Stifel Nicolaus cut their price objective on shares of Colliers International Group from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Royal Bank of Canada boosted their price target on Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Cibc World Mkts upgraded Colliers International Group to a “strong-buy” rating in a research note on Tuesday, March 4th. William Blair reaffirmed an “outperform” rating on shares of Colliers International Group in a research report on Friday, February 28th. Finally, The Goldman Sachs Group decreased their price target on shares of Colliers International Group from $165.00 to $145.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Colliers International Group presently has a consensus rating of “Moderate Buy” and an average target price of $160.80.

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.