Blair William & Co. IL Decreases Stake in Colliers International Group Inc. (NASDAQ:CIGI)

Blair William & Co. IL lessened its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,233 shares of the financial services provider’s stock after selling 550 shares during the period. Blair William & Co. IL owned 0.07% of Colliers International Group worth $3,822,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Colliers International Group by 575.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 207 shares during the last quarter. Blue Trust Inc. boosted its stake in Colliers International Group by 3,377.8% during the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock worth $38,000 after buying an additional 304 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Colliers International Group by 252.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock valued at $56,000 after buying an additional 316 shares in the last quarter. Security National Bank acquired a new stake in shares of Colliers International Group in the 4th quarter worth $70,000. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Colliers International Group in the 1st quarter worth $118,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Stock Performance

Shares of CIGI stock opened at $149.09 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $7.29 billion, a P/E ratio of 72.73 and a beta of 1.49. The firm’s 50 day moving average price is $138.60 and its 200-day moving average price is $122.23. Colliers International Group Inc. has a one year low of $83.38 and a one year high of $150.38.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Colliers International Group had a return on equity of 23.60% and a net margin of 3.20%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.21 earnings per share. As a group, equities research analysts predict that Colliers International Group Inc. will post 5.51 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CIGI shares. Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 price objective on shares of Colliers International Group in a report on Monday, September 9th. Raymond James cut shares of Colliers International Group from a “strong-buy” rating to an “outperform” rating and increased their price target for the company from $150.00 to $160.00 in a research note on Friday, August 2nd. BMO Capital Markets lifted their price target on shares of Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a research report on Friday, September 13th. StockNews.com lowered Colliers International Group from a “buy” rating to a “hold” rating in a research report on Saturday, September 14th. Finally, Scotiabank lifted their target price on Colliers International Group from $150.00 to $155.00 and gave the company a “sector outperform” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

Colliers International Group Company 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.