Colliers International Group Inc. $CIGI Stock Position Lifted by Louisbourg Investments Inc.

Louisbourg Investments Inc. lifted its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 96.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 60,543 shares of the financial services provider’s stock after purchasing an additional 29,748 shares during the quarter. Colliers International Group makes up 1.7% of Louisbourg Investments Inc.’s portfolio, making the stock its 14th largest holding. Louisbourg Investments Inc.’s holdings in Colliers International Group were worth $7,907,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CIGI. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Colliers International Group by 9.4% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 119,409 shares of the financial services provider’s stock worth $14,484,000 after purchasing an additional 10,300 shares in the last quarter. Vista Finance LLC boosted its stake in Colliers International Group by 7.0% during the first quarter. Vista Finance LLC now owns 2,953 shares of the financial services provider’s stock valued at $358,000 after buying an additional 193 shares in the last quarter. MQS Management LLC bought a new position in Colliers International Group during the first quarter valued at about $527,000. Massachusetts Financial Services Co. MA boosted its stake in Colliers International Group by 4.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 106,095 shares of the financial services provider’s stock valued at $12,869,000 after buying an additional 4,153 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Colliers International Group by 13.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,435 shares of the financial services provider’s stock valued at $174,000 after buying an additional 175 shares in the last quarter. Institutional investors own 80.09% of the company’s stock.

Analysts Set New Price Targets

CIGI has been the subject of several research reports. CIBC raised their target price on Colliers International Group from $149.00 to $175.00 and gave the company an “outperformer” rating in a research note on Friday, August 1st. JMP Securities initiated coverage on Colliers International Group in a research note on Monday, July 21st. They set a “market perform” rating for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday. Royal Bank Of Canada raised their target price on Colliers International Group from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. raised their target price on Colliers International Group from $137.00 to $181.00 and gave the company a “neutral” rating in a research note on Tuesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $173.80.

Colliers International Group Trading Down 2.0%

Shares of NASDAQ CIGI opened at $149.47 on Friday. Colliers International Group Inc. has a 12 month low of $100.86 and a 12 month high of $170.65. The company has a market cap of $7.41 billion, a price-to-earnings ratio of 67.94 and a beta of 1.44. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.24. The business has a fifty day simple moving average of $160.94 and a 200-day simple moving average of $137.82.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its earnings results on Thursday, July 31st. The financial services provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.52 by $0.20. Colliers International Group had a return on equity of 20.82% and a net margin of 2.17%.The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the business posted $1.36 earnings per share. Colliers International Group’s revenue was up 18.3% compared to the same quarter last year. Sell-side analysts predict that Colliers International Group Inc. will post 6.2 EPS for the current year.

Colliers International Group 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.