Colliers International Group Inc. (NASDAQ:CIGI) Shares Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC increased its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 8.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,302 shares of the financial services provider’s stock after purchasing an additional 9,603 shares during the period. William Blair Investment Management LLC owned approximately 0.26% of Colliers International Group worth $13,990,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Colliers International Group by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,300,961 shares of the financial services provider’s stock worth $159,016,000 after buying an additional 5,152 shares in the last quarter. Victory Capital Management Inc. raised its position in Colliers International Group by 5.9% in the second quarter. Victory Capital Management Inc. now owns 743,150 shares of the financial services provider’s stock worth $82,973,000 after acquiring an additional 41,225 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Colliers International Group by 48.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 697,809 shares of the financial services provider’s stock valued at $88,405,000 after acquiring an additional 228,824 shares during the period. CDAM UK Ltd boosted its position in shares of Colliers International Group by 7.4% during the 4th quarter. CDAM UK Ltd now owns 657,311 shares of the financial services provider’s stock worth $83,163,000 after purchasing an additional 45,350 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Colliers International Group by 13.7% during the 4th quarter. Wellington Management Group LLP now owns 561,869 shares of the financial services provider’s stock worth $71,212,000 after purchasing an additional 67,857 shares during the period. Institutional investors and hedge funds own 80.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CIGI. Royal Bank of Canada reiterated an “outperform” rating and issued a $160.00 price objective on shares of Colliers International Group in a research note on Monday, September 9th. StockNews.com lowered Colliers International Group from a “buy” rating to a “hold” rating in a research note on Saturday. Scotiabank raised their price objective on Colliers International Group from $150.00 to $155.00 and gave the company a “sector outperform” rating in a research note on Friday, August 2nd. BMO Capital Markets boosted their target price on Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Raymond James cut 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 report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $156.00.

Colliers International Group Stock Up 0.8 %

CIGI opened at $147.87 on Tuesday. Colliers International Group Inc. has a 12 month low of $83.38 and a 12 month high of $148.99. The business has a 50-day moving average of $135.67 and a two-hundred day moving average of $121.21. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 71.64 and a beta of 1.49.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Colliers International Group had a net margin of 3.20% and a return on equity of 23.60%. Colliers International Group’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.21 earnings per share. On average, research analysts expect that Colliers International Group Inc. will post 5.51 earnings per share for the current year.

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.