Vista Finance LLC Increases Stock Holdings in Colliers International Group Inc. $CIGI

Vista Finance LLC boosted its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 4.1% in the second quarter, HoldingsChannel.com reports. The fund owned 3,073 shares of the financial services provider’s stock after purchasing an additional 120 shares during the period. Colliers International Group accounts for 0.3% of Vista Finance LLC’s holdings, making the stock its 27th largest position. Vista Finance LLC’s holdings in Colliers International Group were worth $401,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CIGI. T. Rowe Price Investment Management Inc. boosted its holdings in Colliers International Group by 56.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 965,700 shares of the financial services provider’s stock valued at $117,140,000 after acquiring an additional 349,046 shares during the period. Durable Capital Partners LP boosted its holdings in Colliers International Group by 12.4% during the 1st quarter. Durable Capital Partners LP now owns 2,972,757 shares of the financial services provider’s stock valued at $360,595,000 after acquiring an additional 328,430 shares during the period. Ameriprise Financial Inc. raised its position in Colliers International Group by 39.9% in the 1st quarter. Ameriprise Financial Inc. now owns 480,040 shares of the financial services provider’s stock valued at $58,229,000 after purchasing an additional 136,871 shares in the last quarter. 1832 Asset Management L.P. raised its position in Colliers International Group by 17.5% in the 1st quarter. 1832 Asset Management L.P. now owns 404,706 shares of the financial services provider’s stock valued at $49,091,000 after purchasing an additional 60,334 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Colliers International Group by 78.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 129,415 shares of the financial services provider’s stock valued at $15,698,000 after purchasing an additional 56,755 shares in the last quarter. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CIGI shares. Raymond James Financial increased 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colliers International Group in a research report on Wednesday, October 8th. JMP Securities initiated coverage on Colliers International Group in a research report on Monday, July 21st. They issued a “market perform” rating on the stock. CIBC raised their target price on Colliers International Group from $149.00 to $175.00 and gave the stock an “outperformer” rating in a research report on Friday, August 1st. Finally, Scotiabank raised their target price on Colliers International Group from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Colliers International Group has a consensus rating of “Moderate Buy” and an average target price of $173.80.

Colliers International Group Trading Up 2.0%

CIGI opened at $157.62 on Friday. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 71.65 and a beta of 1.44. Colliers International Group Inc. has a 52 week low of $100.86 and a 52 week high of $170.65. The business’s 50 day moving average is $160.80 and its two-hundred day moving average is $139.04. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.24.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.72 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 analyst estimates 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 revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 earnings per share. On average, research analysts predict 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.