Colliers International Group Inc. (NASDAQ:CIGI) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in Colliers International Group Inc. (NASDAQ:CIGIFree Report) (TSE:CIGI) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,292,876 shares of the financial services provider’s stock after acquiring an additional 22,603 shares during the period. Vanguard Group Inc. owned 2.81% of Colliers International Group worth $123,146,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd acquired a new position in Colliers International Group during the 3rd quarter worth approximately $48,000. Pinebridge Investments L.P. increased its position in Colliers International Group by 127.1% during the 2nd quarter. Pinebridge Investments L.P. now owns 536 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 300 shares during the period. Power Corp of Canada acquired a new position in Colliers International Group during the 1st quarter worth approximately $72,000. Citigroup Inc. acquired a new position in Colliers International Group during the 1st quarter worth approximately $75,000. Finally, BNP Paribas Arbitrage SNC acquired a new position in Colliers International Group during the 2nd quarter worth approximately $114,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Price Performance

Shares of NASDAQ:CIGI opened at $119.69 on Thursday. The business’s fifty day moving average price is $120.11 and its two-hundred day moving average price is $110.50. The stock has a market cap of $5.83 billion, a PE ratio of 90.67 and a beta of 1.46. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.02 and a current ratio of 1.02. Colliers International Group Inc. has a one year low of $83.38 and a one year high of $131.05.

Colliers International Group (NASDAQ:CIGIGet Free Report) (TSE:CIGI) last announced its earnings results on Thursday, February 8th. The financial services provider reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.01). The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.20 billion. Colliers International Group had a net margin of 1.51% and a return on equity of 32.94%. On average, analysts forecast that Colliers International Group Inc. will post 5.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Scotiabank reiterated a “sector outperform” rating and set a $140.00 target price (up previously from $109.00) on shares of Colliers International Group in a research report on Friday, January 19th. Raymond James boosted their price target on Colliers International Group from $140.00 to $145.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 9th. Stifel Nicolaus boosted their price target on Colliers International Group from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. BMO Capital Markets boosted their price target on Colliers International Group from $129.00 to $137.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Finally, National Bankshares lowered Colliers International Group from an “outperform” rating to a “sector perform” rating and set a $125.00 price target on the stock. in a research note on Thursday, January 4th. Two investment 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $137.89.

View Our Latest Analysis on Colliers International Group

About Colliers International Group

(Free Report)

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.

See Also

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

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