Bank of Montreal Can Has $101.20 Million Stock Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Bank of Montreal Can reduced its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 1.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 682,213 shares of the financial services provider’s stock after selling 7,145 shares during the period. Bank of Montreal Can’s holdings in Colliers International Group were worth $101,196,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in shares of Colliers International Group by 60.5% during the third quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider’s stock worth $1,885,000 after acquiring an additional 4,678 shares during the period. Addenda Capital Inc. raised its stake in shares of Colliers International Group by 20.6% in the 2nd quarter. Addenda Capital Inc. now owns 153,625 shares of the financial services provider’s stock valued at $17,152,000 after purchasing an additional 26,263 shares during the period. Hantz Financial Services Inc. bought a new stake in shares of Colliers International Group in the second quarter valued at about $567,000. Thrivent Financial for Lutherans bought a new position in shares of Colliers International Group during the third quarter worth about $2,581,000. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Colliers International Group by 67.3% during the second quarter. Canada Pension Plan Investment Board now owns 49,715 shares of the financial services provider’s stock worth $5,550,000 after buying an additional 20,000 shares in the last quarter. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Stock Performance

Shares of CIGI stock opened at $151.50 on Wednesday. The company has a fifty day moving average price of $149.41 and a two-hundred day moving average price of $133.55. Colliers International Group Inc. has a one year low of $101.01 and a one year high of $156.96. The stock has a market cap of $7.44 billion, a P/E ratio of 48.25 and a beta of 1.50. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.17). The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $1.10 earnings per share. As a group, equities analysts predict that Colliers International Group Inc. will post 5.44 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Royal Bank of Canada upped their price target on Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. StockNews.com cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. BMO Capital Markets lifted their price target on shares of Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a research note on Friday, September 13th. National Bankshares increased their price objective on shares of Colliers International Group from $125.00 to $137.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. Finally, National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $160.42.

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.