State of Tennessee Department of Treasury Purchases Shares of 14,112 Colliers International Group Inc. (NASDAQ:CIGI)

State of Tennessee Department of Treasury acquired a new position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 14,112 shares of the financial services provider’s stock, valued at approximately $1,918,000.

Several other hedge funds have also modified their holdings of the stock. Tobam increased its position in Colliers International Group by 12.0% during the fourth quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 98 shares during the last quarter. Plato Investment Management Ltd grew its stake in shares of 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 valued at $117,000 after buying an additional 118 shares during the period. Pictet Asset Management Holding SA increased its holdings in shares of Colliers International Group by 1.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 8,094 shares of the financial services provider’s stock worth $1,100,000 after buying an additional 144 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Colliers International Group by 2.5% during the 4th quarter. Alliancebernstein L.P. now owns 7,474 shares of the financial services provider’s stock worth $1,016,000 after buying an additional 180 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Colliers International Group by 1,752.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider’s stock worth $43,000 after buying an additional 298 shares during the period. 80.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CIGI has been the subject of several research analyst reports. The Goldman Sachs Group dropped their price target on Colliers International Group from $165.00 to $145.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. CIBC started coverage on shares of Colliers International Group in a report on Tuesday, March 4th. They issued a “sector outperform” rating and a $160.00 price target on the stock. Colliers Securities set a $160.00 price target on shares of Colliers International Group in a research report on Tuesday, March 4th. Raymond James dropped their price objective on shares of 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 reduced 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. 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, the stock has an average rating of “Moderate Buy” and an average price target of $161.80.

Colliers International Group Stock Up 0.6 %

Shares of Colliers International Group stock opened at $117.96 on Wednesday. Colliers International Group Inc. has a 1-year low of $100.86 and a 1-year high of $156.96. The company has a market capitalization of $5.82 billion, a PE ratio of 36.98 and a beta of 1.36. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50-day moving average of $119.71 and a 200-day moving average of $134.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates 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, equities 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.