Bristol Gate Capital Partners Inc. Decreases Stock Position in Colliers International Group Inc. (NASDAQ:CIGI)

Bristol Gate Capital Partners Inc. lowered its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 10.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,342 shares of the financial services provider’s stock after selling 981 shares during the period. Colliers International Group makes up about 0.1% of Bristol Gate Capital Partners Inc.’s investment portfolio, making the stock its 27th largest position. Bristol Gate Capital Partners Inc.’s holdings in Colliers International Group were worth $1,134,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Colliers International Group by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider’s stock worth $253,867,000 after buying an additional 21,422 shares during the last quarter. Franklin Resources Inc. grew 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 acquiring an additional 340,691 shares in the last quarter. Alberta Investment Management Corp raised its position in shares of Colliers International Group by 3.4% during the 4th quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider’s stock valued at $85,143,000 after acquiring an additional 20,794 shares in the last quarter. Norges Bank acquired a new position in Colliers International Group in the fourth quarter worth $74,615,000. Finally, Artisan Partners Limited Partnership raised its holdings 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 worth $59,320,000 after purchasing an additional 176,232 shares during the period. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CIGI shares. National Bankshares decreased their target price on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Royal Bank of Canada raised their target price on Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. The Goldman Sachs Group dropped their price objective on shares of Colliers International Group from $165.00 to $145.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. William Blair restated an “outperform” rating on shares of Colliers International Group in a research report on Friday, February 28th. Finally, Scotiabank cut their price target on Colliers International Group from $166.00 to $165.00 and set a “sector outperform” rating on the stock in a report on Monday, March 31st. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.30.

Colliers International Group Stock Performance

Shares of CIGI opened at $112.17 on Monday. The company’s 50 day moving average price is $128.62 and its 200 day moving average price is $139.58. The company has a market capitalization of $5.53 billion, a PE ratio of 35.16 and a beta of 1.36. Colliers International Group Inc. has a 52 week low of $101.01 and a 52 week 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 issued its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share 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%. Research analysts expect 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.