Pictet Asset Management Holding SA Purchases 144 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Pictet Asset Management Holding SA lifted its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,094 shares of the financial services provider’s stock after buying an additional 144 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Colliers International Group were worth $1,100,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Colliers International Group during the 4th quarter worth about $74,615,000. Franklin Resources Inc. lifted its position in shares of Colliers International Group by 100.8% in the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock worth $102,261,000 after purchasing an additional 340,691 shares during the period. Artisan Partners Limited Partnership boosted its stake in shares of Colliers International Group by 67.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider’s stock valued at $59,320,000 after purchasing an additional 176,232 shares in the last quarter. American Century Companies Inc. increased its holdings in Colliers International Group by 53.2% during the fourth quarter. American Century Companies Inc. now owns 222,232 shares of the financial services provider’s stock valued at $30,218,000 after buying an additional 77,204 shares during the period. Finally, New York State Common Retirement Fund raised its stake in Colliers International Group by 225.0% in the fourth quarter. New York State Common Retirement Fund now owns 71,999 shares of the financial services provider’s stock worth $9,790,000 after buying an additional 49,846 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CIGI shares. Raymond James dropped their target price on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Scotiabank reduced their target price on shares of Colliers International Group from $166.00 to $165.00 and set a “sector outperform” rating for the company in a report on Monday, March 31st. National Bankshares decreased their price target on shares of Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. BMO Capital Markets cut their price objective on shares of 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. Finally, Colliers Securities set a $160.00 target price on shares of Colliers International Group in a research report on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.30.

Colliers International Group Stock Performance

Shares of CIGI stock opened at $112.17 on Friday. 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 fifty day moving average of $128.62 and a 200 day moving average of $139.62. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of 35.16 and a beta of 1.58. Colliers International Group Inc. has a 1 year low of $101.01 and a 1 year 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 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%. As a group, research analysts expect that Colliers International Group Inc. will post 6.2 earnings per share 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.