Fmr LLC Takes $208,000 Position in Colliers International Group Inc. (CIGI)

Fmr LLC purchased a new position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,676 shares of the financial services provider’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CIGI. Parametric Portfolio Associates LLC raised its holdings in Colliers International Group by 21.0% during the first quarter. Parametric Portfolio Associates LLC now owns 10,062 shares of the financial services provider’s stock worth $475,000 after purchasing an additional 1,743 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Colliers International Group during the first quarter worth about $230,000. Vanguard Group Inc. grew its position in Colliers International Group by 6.0% during the first quarter. Vanguard Group Inc. now owns 770,073 shares of the financial services provider’s stock worth $36,347,000 after buying an additional 43,721 shares during the period. Geode Capital Management LLC grew its position in Colliers International Group by 25.3% during the first quarter. Geode Capital Management LLC now owns 20,840 shares of the financial services provider’s stock worth $984,000 after buying an additional 4,214 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Colliers International Group by 21.4% during the first quarter. Dimensional Fund Advisors LP now owns 73,251 shares of the financial services provider’s stock worth $3,457,000 after buying an additional 12,913 shares during the period. 66.00% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Inc. (NASDAQ:CIGI) opened at $59.45 on Monday. The firm has a market cap of $2,311.24, a PE ratio of 25.08 and a beta of 1.81. Colliers International Group Inc. has a 1 year low of $34.20 and a 1 year high of $60.75. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.48.

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Several brokerages have weighed in on CIGI. Sidoti lowered shares of Colliers International Group from a “buy” rating to a “neutral” rating in a research report on Monday, July 17th. Zacks Investment Research upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating and set a $68.00 target price on the stock in a research report on Monday, November 6th. ValuEngine lowered shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. BMO Capital Markets restated an “outperform” rating and set a $65.00 target price on shares of Colliers International Group in a research report on Wednesday, November 1st. Finally, Royal Bank Of Canada upped their target price on shares of Colliers International Group from $62.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $71.40.

About Colliers International Group

Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. Its segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.

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Institutional Ownership by Quarter for Colliers International Group (NASDAQ:CIGI)

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