Colliers International Group Inc. $CIGI is BloombergSen Inc.’s 10th Largest Position

BloombergSen Inc. reduced its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 1.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 637,818 shares of the financial services provider’s stock after selling 7,880 shares during the period. Colliers International Group accounts for about 5.1% of BloombergSen Inc.’s holdings, making the stock its 10th biggest holding. BloombergSen Inc. owned 1.29% of Colliers International Group worth $83,261,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Fenimore Asset Management Inc increased its position in Colliers International Group by 1.9% in the 1st quarter. Fenimore Asset Management Inc now owns 240,080 shares of the financial services provider’s stock valued at $29,122,000 after acquiring an additional 4,427 shares during the period. Fort Washington Investment Advisors Inc. OH increased its position in Colliers International Group by 9.4% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 119,409 shares of the financial services provider’s stock valued at $14,484,000 after acquiring an additional 10,300 shares during the period. Vista Finance LLC increased its position in Colliers International Group by 7.0% in the 1st quarter. Vista Finance LLC now owns 2,953 shares of the financial services provider’s stock valued at $358,000 after acquiring an additional 193 shares during the period. MQS Management LLC acquired a new position in Colliers International Group in the 1st quarter valued at about $527,000. Finally, Massachusetts Financial Services Co. MA increased its position in Colliers International Group by 4.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 106,095 shares of the financial services provider’s stock valued at $12,869,000 after acquiring an additional 4,153 shares during the period. 80.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CIGI shares. Raymond James Financial boosted their price target on Colliers International Group from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. National Bankshares boosted their price target on Colliers International Group from $169.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. boosted their price target on Colliers International Group from $137.00 to $181.00 and gave the company a “neutral” rating in a research report on Tuesday, August 26th. Stifel Nicolaus boosted their price target on Colliers International Group from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Citizens Jmp initiated coverage on Colliers International Group in a research report on Monday, July 21st. They issued a “market perform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $173.80.

Colliers International Group Stock Performance

NASDAQ CIGI opened at $153.88 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24. The business’s 50 day moving average is $160.02 and its two-hundred day moving average is $136.45. Colliers International Group Inc. has a 12-month low of $100.86 and a 12-month high of $170.65. The stock has a market capitalization of $7.62 billion, a price-to-earnings ratio of 69.95 and a beta of 1.44.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Thursday, July 31st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.20. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Colliers International Group had a return on equity of 20.82% and a net margin of 2.17%.The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 EPS. Research analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current year.

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.