Dimensional Fund Advisors LP Boosts Stock Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Dimensional Fund Advisors LP boosted its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 309,260 shares of the financial services provider’s stock after buying an additional 13,678 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.63% of Colliers International Group worth $34,527,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. grew its position 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 valued at $30,000 after acquiring an additional 207 shares during the period. Blue Trust Inc. grew its holdings in Colliers International Group by 3,377.8% in the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 304 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Colliers International Group by 252.8% in the fourth 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 position in shares of Colliers International Group during the 4th quarter worth approximately $70,000. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Colliers International Group during the 1st quarter worth approximately $118,000. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Colliers International Group Stock Up 0.2 %

Shares of NASDAQ:CIGI opened at $152.08 on Wednesday. Colliers International Group Inc. has a 52-week low of $83.38 and a 52-week high of $152.84. The stock has a market cap of $7.44 billion, a P/E ratio of 74.19 and a beta of 1.49. The business has a fifty day moving average of $141.08 and a two-hundred day moving average of $123.59. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.13.

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). Colliers International Group had a net margin of 3.20% and a return on equity of 23.60%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the firm posted $1.21 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, research analysts expect that Colliers International Group Inc. will post 5.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. BMO Capital Markets boosted their price target on shares of Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a report on Friday, September 13th. Raymond James lowered shares of Colliers International Group from a “strong-buy” rating to an “outperform” rating and raised their price target for the company from $150.00 to $160.00 in a research note on Friday, August 2nd. 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. Stifel Nicolaus lifted their price target on Colliers International Group from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, National Bankshares increased their price objective on Colliers International Group from $125.00 to $137.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.