Loomis Sayles & Co. L P Acquires 18,253 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

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

Other large investors have also recently bought and sold shares of the company. Plato Investment Management Ltd grew its holdings in Colliers International Group by 16.0% during the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 118 shares during the last quarter. Tobam grew its stake in Colliers International Group by 12.0% in the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock valued at $124,000 after buying an additional 98 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Colliers International Group in the 4th quarter worth $145,000. Whittier Trust Co. of Nevada Inc. lifted its position in Colliers International Group by 112.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,260 shares of the financial services provider’s stock worth $171,000 after acquiring an additional 667 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Colliers International Group during the fourth quarter valued at about $180,000. 80.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CIGI has been the topic of a number of recent analyst reports. Scotiabank dropped their price objective on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 7th. William Blair reissued an “outperform” rating on shares of Colliers International Group in a research report on Friday, February 28th. 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. The Goldman Sachs Group cut their target price on shares of Colliers International Group from $165.00 to $145.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. Finally, National Bankshares decreased their price target on shares of Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Colliers International Group currently has an average rating of “Moderate Buy” and an average price target of $164.40.

Colliers International Group Stock Down 1.1 %

Shares of CIGI opened at $122.84 on Friday. Colliers International Group Inc. has a 12 month low of $101.01 and a 12 month high of $156.96. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 38.51 and a beta of 1.58. The company has a 50-day moving average price of $131.08 and a two-hundred day moving average price of $140.68. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced 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 net margin of 3.35% and a return on equity of 20.38%. Equities 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.