State of Wyoming Purchases Shares of 427 Colliers International Group Inc. $CIGI

State of Wyoming acquired a new stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 427 shares of the financial services provider’s stock, valued at approximately $52,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Colliers International Group by 2.1% in the first quarter. Vanguard Group Inc. now owns 1,905,172 shares of the financial services provider’s stock valued at $230,558,000 after acquiring an additional 38,379 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Colliers International Group by 56.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 965,700 shares of the financial services provider’s stock valued at $117,140,000 after acquiring an additional 349,046 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Colliers International Group by 1.1% in the first quarter. Victory Capital Management Inc. now owns 697,015 shares of the financial services provider’s stock valued at $84,548,000 after acquiring an additional 7,815 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Colliers International Group by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 488,731 shares of the financial services provider’s stock valued at $59,284,000 after acquiring an additional 30,162 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Colliers International Group by 39.9% in the first quarter. Ameriprise Financial Inc. now owns 480,040 shares of the financial services provider’s stock valued at $58,229,000 after acquiring an additional 136,871 shares in the last quarter. 80.09% of the stock is currently owned by institutional investors.

Colliers International Group Trading Down 0.2%

Colliers International Group stock opened at $166.28 on Wednesday. The company has a 50 day moving average price of $151.36 and a 200 day moving average price of $132.39. Colliers International Group Inc. has a 52 week low of $100.86 and a 52 week high of $170.65. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 75.58 and a beta of 1.41.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.20. Colliers International Group had a net margin of 2.17% and a return on equity of 20.82%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business posted $1.36 EPS. The company’s revenue was up 18.3% on a year-over-year basis. Research analysts forecast that Colliers International Group Inc. will post 6.2 EPS for the current year.

Analyst Upgrades and Downgrades

CIGI has been the subject of several recent analyst reports. Royal Bank Of Canada increased their price objective on shares of Colliers International Group from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, August 1st. CIBC increased their price objective on shares of Colliers International Group from $149.00 to $175.00 and gave the company an “outperformer” rating in a report on Friday, August 1st. JMP Securities initiated coverage on shares of Colliers International Group in a report on Monday, July 21st. They issued a “market perform” rating for the company. JPMorgan Chase & Co. increased their price objective on shares of Colliers International Group from $137.00 to $181.00 and gave the company a “neutral” rating in a report on Tuesday, August 26th. Finally, Scotiabank raised their target price on shares of Colliers International Group from $155.00 to $170.00 and gave the stock a “sector outperform” rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $172.30.

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.