King Luther Capital Management Corp Acquires 318 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

King Luther Capital Management Corp increased its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,957 shares of the financial services provider’s stock after buying an additional 318 shares during the period. King Luther Capital Management Corp’s holdings in Colliers International Group were worth $2,034,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Plato Investment Management Ltd acquired a new position in shares of Colliers International Group during the third quarter worth $112,000. Tobam raised its position in Colliers International Group by 12.0% during the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 98 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in Colliers International Group during the 4th quarter worth about $145,000. Blue Trust Inc. grew its position in shares of Colliers International Group by 65.1% in the 4th quarter. Blue Trust Inc. now owns 1,539 shares of the financial services provider’s stock valued at $209,000 after buying an additional 607 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of 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 valued at $323,000 after buying an additional 254 shares during the period. 80.09% of the stock is owned by institutional investors.

Colliers International Group Price Performance

CIGI stock opened at $122.60 on Thursday. 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’s 50-day moving average is $133.64 and its 200-day moving average is $142.27. The stock has a market capitalization of $6.04 billion, a PE ratio of 38.43 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 posted its quarterly 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 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.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CIGI shares. Scotiabank reduced their target price on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a report on Friday, February 7th. William Blair restated an “outperform” rating on shares of Colliers International Group in a research report on Friday, February 28th. BMO Capital Markets decreased their price objective on shares of Colliers International Group from $177.00 to $172.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. Raymond James dropped 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 report on Friday, February 7th. Finally, 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. Three 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $166.90.

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.