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

JPMorgan Chase & Co. increased its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 114,621.7% in the third quarter, HoldingsChannel reports. The firm owned 344,165 shares of the financial services provider’s stock after buying an additional 343,865 shares during the quarter. JPMorgan Chase & Co.’s holdings in Colliers International Group were worth $53,762,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CIGI. Caitong International Asset Management Co. Ltd purchased a new position in Colliers International Group in the 3rd quarter valued at about $26,000. EverSource Wealth Advisors LLC raised its position in shares of Colliers International Group by 26.3% in the second quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after buying an additional 63 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Colliers International Group by 17.1% during the third quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock valued at $79,000 after buying an additional 74 shares during the period. Sagard Holdings Management Inc. purchased a new position in shares of Colliers International Group during the second quarter valued at approximately $73,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Colliers International Group during the second quarter worth approximately $96,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on CIGI shares. National Bank Financial lowered 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 research note on Tuesday, February 17th. Royal Bank Of Canada reduced their price target on Colliers International Group from $190.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. Zacks Research downgraded Colliers International Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Stifel Nicolaus set a $175.00 target price on Colliers International Group in a research note on Friday, March 13th. Finally, Raymond James Financial reduced their target price on Colliers International Group from $200.00 to $185.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $173.57.

Colliers International Group Price Performance

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

About Colliers International Group

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.