Colliers International Group Inc. $CIGI Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 114,621.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 344,165 shares of the financial services provider’s stock after buying an additional 343,865 shares during the period. JPMorgan Chase & Co. owned about 0.68% of Colliers International Group worth $53,762,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Durable Capital Partners LP grew its holdings in Colliers International Group by 22.0% during the second quarter. Durable Capital Partners LP now owns 3,625,501 shares of the financial services provider’s stock worth $473,273,000 after acquiring an additional 652,744 shares during the period. Norges Bank acquired a new stake in Colliers International Group in the second quarter valued at $74,820,000. Picton Mahoney Asset Management acquired a new stake in Colliers International Group in the second quarter valued at $35,521,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Colliers International Group by 732.8% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 214,234 shares of the financial services provider’s stock worth $33,498,000 after purchasing an additional 188,508 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of 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 purchasing an additional 158,668 shares in the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CIGI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Colliers International Group in a report on Wednesday, January 21st. Zacks Research lowered shares of Colliers International Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. National Bank Financial dropped their target price on shares of Colliers International Group from $185.00 to $160.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Royal Bank Of Canada reduced their price target on shares of Colliers International Group from $190.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Finally, Wall Street Zen lowered Colliers International Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $173.57.

Colliers International Group Stock Down 2.8%

Shares of NASDAQ CIGI opened at $100.28 on Friday. The firm’s 50-day moving average is $125.47 and its two-hundred day moving average is $143.30. The company has a market capitalization of $4.99 billion, a PE ratio of 49.89 and a beta of 1.40. Colliers International Group Inc. has a 12-month low of $98.97 and a 12-month high of $171.51. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.10.

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.