Colliers International Group Inc. (NASDAQ:CIGI) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 17.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,998 shares of the financial services provider’s stock after purchasing an additional 1,652 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Colliers International Group were worth $1,495,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CIGI. Plato Investment Management Ltd lifted its position in Colliers International Group by 16.0% in the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 118 shares during the period. Tobam lifted its position in Colliers International Group by 12.0% in 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 period. Venturi Wealth Management LLC acquired a new stake in Colliers International Group in the fourth quarter worth approximately $145,000. Blue Trust Inc. lifted its position in Colliers International Group by 65.1% in the fourth quarter. Blue Trust Inc. now owns 1,539 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 607 shares during the period. Finally, HighTower Advisors LLC lifted its position in Colliers International Group by 13.6% in the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 254 shares during the period. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Price Performance

Shares of CIGI opened at $122.45 on Wednesday. The business’s 50-day moving average is $132.27 and its 200-day moving average is $141.51. 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 company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 38.39 and a beta of 1.58. 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 posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. Equities research analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on CIGI shares. National Bankshares dropped their price target 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. Raymond James dropped their price target on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. StockNews.com raised Colliers International Group from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Royal Bank of Canada upped their price target on Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. started coverage on Colliers International Group in a report on Monday, December 16th. They issued a “neutral” rating and a $167.00 price target on the stock. Three research 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $166.90.

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.