Colliers International Group Inc. (NASDAQ:CIGI) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP raised its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 193.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,409 shares of the financial services provider’s stock after purchasing an additional 8,841 shares during the period. Quantbot Technologies LP’s holdings in Colliers International Group were worth $1,823,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CIGI. Franklin Resources Inc. raised its position in shares of Colliers International Group by 100.8% during the 3rd 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 in the last quarter. Alberta Investment Management Corp raised its position in shares of Colliers International Group by 3.4% during the 4th quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider’s stock worth $85,143,000 after buying an additional 20,794 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of Colliers International Group during the 3rd quarter worth about $69,920,000. Loomis Sayles & Co. L P raised its position in shares of 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 buying an additional 128,005 shares in the last quarter. Finally, Cibc World Market Inc. raised its position in shares of Colliers International Group by 3.9% during the 4th quarter. Cibc World Market Inc. now owns 219,317 shares of the financial services provider’s stock worth $29,814,000 after buying an additional 8,148 shares in the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CIGI shares. Scotiabank dropped 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 research report on Friday, February 7th. Cibc World Mkts upgraded shares of Colliers International Group to a “strong-buy” rating in a research report on Tuesday, March 4th. The Goldman Sachs Group dropped their price target on shares of Colliers International Group from $165.00 to $145.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. National Bankshares dropped their target price on shares of Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Colliers International Group in a report on Monday, December 16th. They issued a “neutral” rating and a $167.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Colliers International Group presently has an average rating of “Moderate Buy” and a consensus target price of $164.40.

Colliers International Group Stock Performance

Colliers International Group stock opened at $122.67 on Monday. The firm’s 50 day simple moving average is $131.67 and its 200-day simple moving average is $141.13. The company has a market cap of $6.05 billion, a P/E ratio of 38.45 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 Inc. has a fifty-two week low of $101.01 and a fifty-two week high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results 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%. As a group, equities research analysts predict 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.