Public Employees Retirement System of Ohio Sells 1,021 Shares of Colliers International Group Inc. $CIGI

Public Employees Retirement System of Ohio trimmed its stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,228 shares of the financial services provider’s stock after selling 1,021 shares during the period. Public Employees Retirement System of Ohio owned 0.06% of Colliers International Group worth $3,555,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. MQS Management LLC bought a new position in shares of Colliers International Group in the 1st quarter worth $527,000. Massachusetts Financial Services Co. MA grew its stake in Colliers International Group by 4.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 106,095 shares of the financial services provider’s stock worth $12,869,000 after buying an additional 4,153 shares during the last quarter. Victory Capital Management Inc. grew its stake in Colliers International Group by 1.1% during the 1st quarter. Victory Capital Management Inc. now owns 697,015 shares of the financial services provider’s stock worth $84,548,000 after buying an additional 7,815 shares during the last quarter. National Bank of Canada FI grew its stake in Colliers International Group by 4.5% during the 1st quarter. National Bank of Canada FI now owns 96,676 shares of the financial services provider’s stock worth $11,414,000 after buying an additional 4,195 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in Colliers International Group by 1.4% during the 1st quarter. Royal Bank of Canada now owns 3,815,470 shares of the financial services provider’s stock worth $462,816,000 after buying an additional 52,414 shares during the last quarter. 80.09% of the stock is owned by institutional investors.

Colliers International Group Stock Down 0.6%

Colliers International Group stock opened at $156.21 on Wednesday. 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 business’s 50-day simple moving average is $159.74 and its two-hundred day simple moving average is $136.33. The company has a market cap of $7.74 billion, a PE ratio of 71.00 and a beta of 1.41. Colliers International Group Inc. has a fifty-two week low of $100.86 and a fifty-two week high of $170.65.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results 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 return on equity of 20.82% and a net margin of 2.17%.The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the business earned $1.36 earnings per share. The company’s revenue was up 18.3% compared to the same quarter last year. Equities analysts anticipate that Colliers International Group Inc. will post 6.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CIGI. JMP Securities began coverage on Colliers International Group in a research note on Monday, July 21st. They set a “market perform” rating on the stock. CIBC boosted their target price 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. Raymond James Financial boosted their target price 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. Stifel Nicolaus boosted their target price 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. Finally, Scotiabank boosted their target price on Colliers International Group from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $173.80.

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.