Colliers International Group Inc. (NASDAQ:CIGI) Stock Position Increased by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P increased its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 377,001 shares of the financial services provider’s stock after buying an additional 18,253 shares during the quarter. Loomis Sayles & Co. L P owned about 0.77% of Colliers International Group worth $51,261,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Franklin Resources Inc. lifted its holdings in 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 valued at $102,261,000 after acquiring an additional 340,691 shares during the last quarter. Barclays PLC bought a new stake in shares of Colliers International Group in the 3rd quarter worth approximately $1,629,000. Public Employees Retirement System of Ohio acquired a new stake in Colliers International Group during the third quarter valued at approximately $3,543,000. HighTower Advisors LLC boosted its holdings in Colliers International Group by 13.6% during the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock worth $323,000 after buying an additional 254 shares in the last quarter. Finally, Alberta Investment Management Corp boosted its holdings in Colliers International Group by 3.4% during the fourth quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider’s stock worth $85,143,000 after buying an additional 20,794 shares in the last quarter. Institutional investors own 80.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Royal Bank of Canada increased their price objective on Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. William Blair reaffirmed an “outperform” rating on shares of Colliers International Group in a report on Friday, February 28th. Cibc World Mkts upgraded Colliers International Group to a “strong-buy” rating in a research report on Tuesday, March 4th. StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Colliers International Group in a report on Monday, December 16th. They issued a “neutral” rating and a $167.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $164.40.

Colliers International Group Stock Down 1.1 %

Colliers International Group stock opened at $122.84 on Friday. The firm’s 50 day moving average price is $131.08 and its two-hundred day moving average price is $140.68. The firm has a market cap of $6.06 billion, a PE ratio of 38.51 and a beta of 1.58. Colliers International Group Inc. has a twelve month low of $101.01 and a twelve month high of $156.96. 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 (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. On average, research analysts predict that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

About Colliers International Group

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.