Colliers International Group Inc. $CIGI Holdings Trimmed by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 446,967 shares of the financial services provider’s stock after selling 7,562 shares during the period. Mackenzie Financial Corp’s holdings in Colliers International Group were worth $69,890,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Franklin Resources Inc. boosted its position in shares of Colliers International Group by 32.7% during the 3rd quarter. Franklin Resources Inc. now owns 353,783 shares of the financial services provider’s stock valued at $55,317,000 after purchasing an additional 87,230 shares in the last quarter. Swiss National Bank raised its holdings in shares of Colliers International Group by 1.6% in the 3rd quarter. Swiss National Bank now owns 81,900 shares of the financial services provider’s stock worth $12,815,000 after purchasing an additional 1,300 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Colliers International Group during the third quarter valued at approximately $216,000. Blair William & Co. IL lifted its stake in Colliers International Group by 2.1% during the third quarter. Blair William & Co. IL now owns 33,556 shares of the financial services provider’s stock valued at $5,242,000 after purchasing an additional 681 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Colliers International Group by 32.0% during the third quarter. Dimensional Fund Advisors LP now owns 331,480 shares of the financial services provider’s stock worth $51,783,000 after buying an additional 80,271 shares in the last quarter. 80.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. National Bank Financial dropped their price target on Colliers International Group from $185.00 to $160.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. Stifel Nicolaus reduced their price objective on Colliers International Group from $195.00 to $175.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Raymond James Financial decreased their target price on Colliers International Group from $200.00 to $185.00 and set a “strong-buy” rating on the stock in a report on Tuesday, February 17th. Zacks Research lowered Colliers International Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Finally, Royal Bank Of Canada reduced 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. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $170.00.

Colliers International Group Stock Down 1.9%

CIGI stock opened at $109.69 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $5.46 billion, a P/E ratio of 54.57 and a beta of 1.40. Colliers International Group Inc. has a 52-week low of $98.97 and a 52-week high of $171.51. The company’s 50 day simple moving average is $131.18 and its 200-day simple moving average is $146.12.

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.