Colliers International Group Inc. $CIGI Shares Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 22.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 197,135 shares of the financial services provider’s stock after purchasing an additional 35,517 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Colliers International Group were worth $28,981,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in CIGI. Durable Capital Partners LP grew its holdings in shares of Colliers International Group by 2.0% in the third quarter. Durable Capital Partners LP now owns 3,699,124 shares of the financial services provider’s stock valued at $577,840,000 after purchasing an additional 73,623 shares in the last quarter. Vanguard Group Inc. increased its stake in Colliers International Group by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,972,502 shares of the financial services provider’s stock worth $308,497,000 after buying an additional 39,902 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Colliers International Group by 21.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 903,500 shares of the financial services provider’s stock worth $117,619,000 after buying an additional 158,668 shares in the last quarter. Norges Bank purchased a new position in Colliers International Group in the 2nd quarter valued at approximately $74,820,000. Finally, Artisan Partners Limited Partnership boosted its position in Colliers International Group by 16.3% in the 3rd quarter. Artisan Partners Limited Partnership now owns 519,019 shares of the financial services provider’s stock valued at $81,103,000 after buying an additional 72,570 shares during the period. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Colliers International Group Trading Up 1.4%

Shares of NASDAQ:CIGI opened at $99.86 on Friday. Colliers International Group Inc. has a 52 week low of $95.66 and a 52 week high of $171.51. The company’s 50 day moving average is $120.99 and its two-hundred day moving average is $141.11. The company has a market cap of $4.97 billion, a PE ratio of 49.68 and a beta of 1.40. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CIGI shares. National Bank Financial cut their price objective on Colliers International Group from $185.00 to $160.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. Royal Bank Of Canada decreased their target price on Colliers International Group from $190.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Raymond James Financial lowered their target price on Colliers International Group from $200.00 to $185.00 and set a “strong-buy” rating for the company in a research note on Tuesday, February 17th. Stifel Nicolaus set a $175.00 price target on Colliers International Group in a report on Friday, March 13th. Finally, Wall Street Zen lowered Colliers International Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $173.57.

Colliers International Group Profile

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.