American Century Companies Inc. Purchases 77,204 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

American Century Companies Inc. lifted its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 53.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 222,232 shares of the financial services provider’s stock after purchasing an additional 77,204 shares during the quarter. American Century Companies Inc.’s holdings in Colliers International Group were worth $30,218,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Colliers International Group by 3.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,346 shares of the financial services provider’s stock valued at $1,420,000 after acquiring an additional 291 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its stake in shares of Colliers International Group by 3.1% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 14,045 shares of the financial services provider’s stock valued at $2,132,000 after purchasing an additional 426 shares during the period. Hantz Financial Services Inc. boosted its position in shares of Colliers International Group by 38.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 7,021 shares of the financial services provider’s stock valued at $1,066,000 after purchasing an additional 1,941 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in Colliers International Group during the third quarter worth approximately $1,781,000. Finally, HighTower Advisors LLC increased its holdings 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 in the last quarter. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Price Performance

Shares of NASDAQ CIGI opened at $120.19 on Friday. The stock has a market cap of $5.93 billion, a price-to-earnings ratio of 37.68 and a beta of 1.58. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current 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. The firm’s 50-day simple moving average is $130.73 and its 200 day simple moving average is $140.53.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results 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, research analysts anticipate that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CIGI. Royal Bank of Canada increased their price target on Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Raymond James cut their target price on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. CIBC started coverage on shares of Colliers International Group in a research note on Tuesday, March 4th. They issued a “sector outperform” rating and a $160.00 price target for the company. Colliers Securities set a $160.00 price objective on shares of Colliers International Group in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. assumed coverage on Colliers International Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $167.00 target price for the company. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $164.40.

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.