King Luther Capital Management Corp Purchases 976 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

King Luther Capital Management Corp raised its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 7.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,461 shares of the financial services provider’s stock after purchasing an additional 976 shares during the period. King Luther Capital Management Corp’s holdings in Colliers International Group were worth $1,615,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Canada Pension Plan Investment Board raised its holdings in shares of Colliers International Group by 67.3% in the second quarter. Canada Pension Plan Investment Board now owns 49,715 shares of the financial services provider’s stock valued at $5,550,000 after acquiring an additional 20,000 shares in the last quarter. Bristol Gate Capital Partners Inc. raised its holdings in shares of Colliers International Group by 33.6% in the 2nd quarter. Bristol Gate Capital Partners Inc. now owns 8,848 shares of the financial services provider’s stock valued at $988,000 after purchasing an additional 2,225 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Colliers International Group by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 309,260 shares of the financial services provider’s stock worth $34,527,000 after purchasing an additional 13,678 shares during the period. William Blair Investment Management LLC boosted its stake in shares of Colliers International Group by 8.3% during the second quarter. William Blair Investment Management LLC now owns 125,302 shares of the financial services provider’s stock valued at $13,990,000 after purchasing an additional 9,603 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Colliers International Group by 5.9% during the second quarter. Victory Capital Management Inc. now owns 743,150 shares of the financial services provider’s stock valued at $82,973,000 after purchasing an additional 41,225 shares in the last quarter. 80.09% of the stock is owned by institutional investors.

Colliers International Group Price Performance

Shares of NASDAQ CIGI opened at $149.09 on Friday. Colliers International Group Inc. has a fifty-two week low of $83.38 and a fifty-two week high of $150.38. 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 company has a market cap of $7.29 billion, a PE ratio of 72.73 and a beta of 1.49. The business has a 50-day simple moving average of $138.60 and a two-hundred day simple moving average of $122.23.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Thursday, August 1st. The financial services provider reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.01). The company 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 firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 EPS. As a group, equities analysts expect that Colliers International Group Inc. will post 5.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Stifel Nicolaus increased their target price on Colliers International Group from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. National Bankshares raised their price objective on Colliers International Group from $125.00 to $137.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Scotiabank boosted their target price on shares of Colliers International Group from $150.00 to $155.00 and gave the stock a “sector outperform” rating in a report on Friday, August 2nd. StockNews.com cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Saturday, September 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 price objective on shares of Colliers International Group in a research note on Monday, September 9th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Colliers International Group currently has an average rating of “Moderate Buy” and an average price target 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.