Thompson Investment Management Inc. raised its stake in Colliers International Group Inc. (NASDAQ:CIGI – Free Report) (TSE:CIGI) by 10.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 18,775 shares of the financial services provider’s stock after buying an additional 1,800 shares during the period. Thompson Investment Management Inc.’s holdings in Colliers International Group were worth $1,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in shares of Colliers International Group in the first quarter valued at about $123,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Colliers International Group in the first quarter valued at about $655,000. US Bancorp DE grew its stake in shares of Colliers International Group by 453.1% in the first quarter. US Bancorp DE now owns 2,760 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 2,261 shares in the last quarter. Citigroup Inc. acquired a new position in shares of Colliers International Group in the first quarter valued at about $75,000. Finally, Great West Life Assurance Co. Can grew its stake in shares of Colliers International Group by 8.3% in the first quarter. Great West Life Assurance Co. Can now owns 2,488 shares of the financial services provider’s stock valued at $345,000 after acquiring an additional 190 shares in the last quarter. 63.93% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. StockNews.com assumed coverage on shares of Colliers International Group in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. National Bank Financial cut their price objective on shares of Colliers International Group from $133.00 to $131.00 in a research report on Monday, July 10th. Finally, Royal Bank of Canada upped their price objective on shares of Colliers International Group from $128.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Colliers International Group has an average rating of “Buy” and a consensus price target of $133.14.
Colliers International Group Price Performance
Shares of CIGI stock traded down $1.61 on Friday, reaching $111.23. The company had a trading volume of 81,743 shares, compared to its average volume of 97,787. The business’s 50-day moving average is $109.26 and its 200 day moving average is $103.26. The stock has a market capitalization of $5.10 billion, a PE ratio of 741.53 and a beta of 1.45. Colliers International Group Inc. has a one year low of $84.16 and a one year high of $129.95. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.31.
Colliers International Group (NASDAQ:CIGI – Get Free Report) (TSE:CIGI) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.14). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. Colliers International Group had a net margin of 0.17% and a return on equity of 47.47%. Equities research analysts forecast that Colliers International Group Inc. will post 6.54 EPS for the current fiscal year.
Colliers International Group 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. It offers transaction brokerage services, including sales, leasing, and debt finance services, as well as landlord and tenant representation services; capital markets and investment services; and mortgage investment banking services.
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