Colliers International Group Inc. $CIGI Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 2.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,905,172 shares of the financial services provider’s stock after acquiring an additional 38,379 shares during the period. Vanguard Group Inc. owned 3.86% of Colliers International Group worth $230,558,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Scotia Capital Inc. increased its position in Colliers International Group by 4.6% during the 1st quarter. Scotia Capital Inc. now owns 10,663 shares of the financial services provider’s stock worth $1,293,000 after purchasing an additional 468 shares during the period. TCTC Holdings LLC increased its position in Colliers International Group by 114.9% during the 1st quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 116 shares during the period. Fiera Capital Corp increased its position in Colliers International Group by 1.2% during the 1st quarter. Fiera Capital Corp now owns 129,267 shares of the financial services provider’s stock worth $15,659,000 after purchasing an additional 1,557 shares during the period. TD Asset Management Inc increased its position in Colliers International Group by 9.5% during the 1st quarter. TD Asset Management Inc now owns 223,864 shares of the financial services provider’s stock worth $27,094,000 after purchasing an additional 19,346 shares during the period. Finally, Lincluden Management Ltd. increased its position in Colliers International Group by 7.2% during the 1st quarter. Lincluden Management Ltd. now owns 51,611 shares of the financial services provider’s stock worth $6,246,000 after purchasing an additional 3,479 shares during the period. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Stock Up 0.3%

Shares of NASDAQ CIGI opened at $163.34 on Tuesday. Colliers International Group Inc. has a 12-month low of $100.86 and a 12-month high of $164.01. The company has a market cap of $8.08 billion, a P/E ratio of 74.25 and a beta of 1.44. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24. The stock has a fifty day moving average price of $139.98 and a 200 day moving average price of $128.89.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.20. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.29 billion. Colliers International Group had a return on equity of 20.82% and a net margin of 2.17%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.36 EPS. Research analysts anticipate that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Analyst Ratings Changes

CIGI has been the topic of several research analyst reports. JMP Securities initiated coverage on Colliers International Group in a research note on Monday, July 21st. They set a “market perform” rating on the stock. Raymond James Financial boosted their price target on Colliers International Group from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. National Bankshares boosted their price target on Colliers International Group from $169.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. CIBC boosted their price target on Colliers International Group from $149.00 to $175.00 and gave the stock an “outperformer” rating in a research note on Friday, August 1st. Finally, Stifel Nicolaus boosted their price target on Colliers International Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Six research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $168.40.

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. 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.