Colliers International Group Inc. (NASDAQ:CIGI) Shares Sold by First Pacific Advisors LP

First Pacific Advisors LP lessened its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 79.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,450 shares of the financial services provider’s stock after selling 13,350 shares during the quarter. First Pacific Advisors LP’s holdings in Colliers International Group were worth $469,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CIGI. Franklin Resources Inc. lifted its position in Colliers International Group by 100.8% during the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock worth $102,261,000 after buying an additional 340,691 shares during the period. Alberta Investment Management Corp lifted its stake in shares of Colliers International Group by 3.4% in the 4th 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 in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Colliers International Group during the 3rd quarter worth about $69,920,000. Loomis Sayles & Co. L P increased its position in Colliers International Group by 55.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider’s stock worth $54,461,000 after purchasing an additional 128,005 shares in the last quarter. Finally, Cibc World Market Inc. raised its holdings in Colliers International Group by 3.9% in the fourth quarter. Cibc World Market Inc. now owns 219,317 shares of the financial services provider’s stock valued at $29,814,000 after buying an additional 8,148 shares during the period. Institutional investors and hedge funds own 80.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CIGI shares. StockNews.com upgraded shares of Colliers International Group from a “hold” rating to a “buy” rating in a research note on Friday. Scotiabank decreased their price target on shares of Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a research report on Friday, February 7th. BMO Capital Markets cut their price objective on Colliers International Group from $177.00 to $172.00 and set a “market perform” rating on the stock in a research report on Friday, February 7th. Raymond James decreased their target price on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Finally, National Bankshares dropped their target price on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $167.67.

Colliers International Group Stock Performance

Shares of CIGI opened at $124.19 on Monday. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 38.93 and a beta of 1.58. 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 business’s 50 day moving average is $134.14 and its two-hundred day moving average is $142.58. Colliers International Group Inc. has a 52-week low of $101.01 and a 52-week high of $156.96.

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