Northern Trust Corp Sells 936 Shares of Colliers International Group Inc (CIGI)

Northern Trust Corp cut its holdings in shares of Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) by 5.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,797 shares of the financial services provider’s stock after selling 936 shares during the quarter. Northern Trust Corp’s holdings in Colliers International Group were worth $1,004,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. State of Tennessee Treasury Department bought a new position in shares of Colliers International Group during the second quarter worth approximately $201,000. Legal & General Group Plc increased its holdings in shares of Colliers International Group by 4.5% during the second quarter. Legal & General Group Plc now owns 4,587 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 198 shares during the period. Tobam bought a new position in shares of Colliers International Group during the second quarter worth approximately $300,000. Schroder Investment Management Group increased its holdings in shares of Colliers International Group by 23.5% during the second quarter. Schroder Investment Management Group now owns 6,769 shares of the financial services provider’s stock worth $490,000 after purchasing an additional 1,290 shares during the period. Finally, New York State Common Retirement Fund increased its holdings in shares of Colliers International Group by 868.4% during the second quarter. New York State Common Retirement Fund now owns 11,079 shares of the financial services provider’s stock worth $625,000 after purchasing an additional 9,935 shares during the period. 63.11% of the stock is currently owned by institutional investors.

Shares of Colliers International Group Inc (NASDAQ CIGI) opened at $59.30 on Thursday. Colliers International Group Inc has a 52-week low of $34.70 and a 52-week high of $62.25. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $2,326.79, a P/E ratio of 25.25 and a beta of 1.80.

Several brokerages have recently commented on CIGI. BidaskClub cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $62.00 target price on shares of Colliers International Group in a report on Wednesday, September 27th. ValuEngine cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Zacks Investment Research raised shares of Colliers International Group from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Sidoti raised shares of Colliers International Group from a “neutral” rating to a “buy” rating in a research note on Monday, August 14th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $71.40.

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Colliers International Group Company Profile

Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. Its segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.

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Institutional Ownership by Quarter for Colliers International Group (NASDAQ:CIGI)

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