1,326 Shares in Colliers International Group Inc. (NASDAQ:CIGI) Purchased by Murphy & Mullick Capital Management Corp

Murphy & Mullick Capital Management Corp acquired a new stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,326 shares of the financial services provider’s stock, valued at approximately $180,000.

Other institutional investors also recently modified their holdings of the company. Plato Investment Management Ltd increased its holdings in shares of Colliers International Group by 16.0% in the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 118 shares in the last quarter. Tobam increased its stake in shares of Colliers International Group by 12.0% in the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock valued at $124,000 after buying an additional 98 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of Colliers International Group during the fourth quarter worth $145,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Colliers International Group by 112.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,260 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 667 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Colliers International Group by 65.1% in the fourth quarter. Blue Trust Inc. now owns 1,539 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 607 shares during the last quarter. 80.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CIGI. Raymond James cut their target price on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. William Blair restated an “outperform” rating on shares of Colliers International Group in a report on Friday, February 28th. JPMorgan Chase & Co. began coverage on shares of Colliers International Group in a report on Monday, December 16th. They set a “neutral” rating and a $167.00 target price for the company. CIBC started coverage on Colliers International Group in a research note on Tuesday, March 4th. They issued a “sector outperform” rating and a $160.00 price target on the stock. Finally, Scotiabank decreased their price objective on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a research note on Friday, February 7th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $164.40.

Colliers International Group Price Performance

Shares of CIGI opened at $124.20 on Thursday. The stock has a 50 day simple moving average of $131.36 and a 200 day simple moving average of $140.81. Colliers International Group Inc. has a 52-week low of $101.01 and a 52-week high of $156.96. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $6.12 billion, a PE ratio of 38.93 and a beta of 1.58.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. Sell-side analysts predict that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Colliers International Group Company Profile

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.