Murphy & Mullick Capital Management Corp Invests $180,000 in Colliers International Group Inc. (NASDAQ:CIGI)

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

A number of other institutional investors have also made changes to their positions in CIGI. Vanguard Group Inc. grew its stake in shares of Colliers International Group by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider’s stock valued at $253,867,000 after buying an additional 21,422 shares in the last quarter. LPL Financial LLC lifted its stake in Colliers International Group by 53.3% in the fourth quarter. LPL Financial LLC now owns 2,723 shares of the financial services provider’s stock valued at $370,000 after acquiring an additional 947 shares during the last quarter. Sei Investments Co. increased its stake in shares of Colliers International Group by 37.7% during the 4th quarter. Sei Investments Co. now owns 13,179 shares of the financial services provider’s stock worth $1,792,000 after purchasing an additional 3,606 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Colliers International Group by 53.2% in the 4th quarter. American Century Companies Inc. now owns 222,232 shares of the financial services provider’s stock valued at $30,218,000 after purchasing an additional 77,204 shares during the period. Finally, Quantbot Technologies LP lifted its stake in Colliers International Group by 193.5% in the 4th quarter. Quantbot Technologies LP now owns 13,409 shares of the financial services provider’s stock valued at $1,823,000 after purchasing an additional 8,841 shares during the last quarter. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Trading Down 0.4 %

Shares of CIGI stock opened at $124.20 on Thursday. The stock has a market cap of $6.12 billion, a P/E ratio of 38.93 and a beta of 1.58. Colliers International Group Inc. has a 1 year low of $101.01 and a 1 year high of $156.96. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. 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 (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data 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%. On average, research analysts predict that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on CIGI. Colliers Securities set a $160.00 price objective on Colliers International Group in a research note on Tuesday, March 4th. CIBC started coverage on Colliers International Group in a report on Tuesday, March 4th. They set a “sector outperform” rating and a $160.00 price target for the company. Royal Bank of Canada upped their price objective on shares of Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, February 7th. StockNews.com cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Thursday, March 20th. Finally, The Goldman Sachs Group reduced their price objective on Colliers International Group from $165.00 to $145.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $164.40.

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.