Public Employees Retirement System of Ohio Takes Position in Colliers International Group Inc. $CIGI

Public Employees Retirement System of Ohio acquired a new position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 21,282 shares of the financial services provider’s stock, valued at approximately $1,996,000.

Several other hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings in Colliers International Group by 78.1% during the first quarter. Goldman Sachs Group Inc. now owns 129,415 shares of the financial services provider’s stock worth $15,698,000 after purchasing an additional 56,755 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Colliers International Group by 1.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 45,408 shares of the financial services provider’s stock valued at $5,508,000 after buying an additional 505 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Colliers International Group in the second quarter valued at approximately $39,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Colliers International Group by 190.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 8,055 shares of the financial services provider’s stock worth $1,055,000 after acquiring an additional 5,286 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Colliers International Group by 0.5% during the 2nd quarter. Invesco Ltd. now owns 285,214 shares of the financial services provider’s stock worth $37,232,000 after acquiring an additional 1,470 shares during the period. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Stock Performance

NASDAQ:CIGI opened at $99.02 on Monday. The stock has a 50 day simple moving average of $100.62 and a 200 day simple moving average of $102.88. The stock has a market cap of $5.06 billion, a P/E ratio of 47.15 and a beta of 1.23. Colliers International Group Inc. has a 1-year low of $88.38 and a 1-year high of $171.51. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.61.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.04. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.48 billion. Colliers International Group had a return on equity of 20.17% and a net margin of 1.81%.The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.72 EPS. Research analysts anticipate that Colliers International Group Inc. will post 6.92 earnings per share for the current year.

Analyst Ratings Changes

CIGI has been the topic of a number of research analyst reports. Scotia dropped their price target on Colliers International Group from $150.00 to $145.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 31st. Scotiabank decreased their price objective on shares of Colliers International Group from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. National Bank Financial increased their price objective on shares of Colliers International Group from $109.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, Weiss Ratings upgraded shares of Colliers International Group from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $154.62.

Colliers International Group Profile

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.