American Century Companies Inc. Has $47.24 Million Stock Position in Colliers International Group Inc. $CIGI

American Century Companies Inc. lifted its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 69.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 361,865 shares of the financial services provider’s stock after purchasing an additional 148,783 shares during the period. American Century Companies Inc.’s holdings in Colliers International Group were worth $47,240,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CIGI. Royal Bank of Canada raised its position in Colliers International Group by 1.4% during the first quarter. Royal Bank of Canada now owns 3,815,470 shares of the financial services provider’s stock worth $462,816,000 after acquiring an additional 52,414 shares in the last quarter. Durable Capital Partners LP lifted its stake in Colliers International Group by 12.4% in the 1st quarter. Durable Capital Partners LP now owns 2,972,757 shares of the financial services provider’s stock valued at $360,595,000 after purchasing an additional 328,430 shares during the last quarter. Vanguard Group Inc. grew its holdings in Colliers International Group by 2.1% during the first quarter. Vanguard Group Inc. now owns 1,905,172 shares of the financial services provider’s stock worth $230,558,000 after purchasing an additional 38,379 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in Colliers International Group by 56.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 965,700 shares of the financial services provider’s stock worth $117,140,000 after purchasing an additional 349,046 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in Colliers International Group by 6.2% during the first quarter. The Manufacturers Life Insurance Company now owns 744,832 shares of the financial services provider’s stock worth $90,630,000 after buying an additional 43,550 shares during the last quarter. 80.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Royal Bank Of Canada raised their price objective on Colliers International Group from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. raised their price target on Colliers International Group from $137.00 to $181.00 and gave the company a “neutral” rating in a report on Tuesday, August 26th. National Bankshares lifted their price objective on shares of Colliers International Group from $169.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, October 8th. Finally, Raymond James Financial raised their target price on shares of Colliers International Group from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $175.70.

Colliers International Group Stock Down 0.1%

Shares of CIGI opened at $143.98 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24. Colliers International Group Inc. has a 12 month low of $100.86 and a 12 month high of $171.51. The firm’s 50 day moving average is $153.24 and its 200-day moving average is $146.51. The stock has a market capitalization of $7.14 billion, a PE ratio of 65.45 and a beta of 1.47.

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.