Colliers International Group Inc. $CIGI Position Decreased by Versor Investments LP

Versor Investments LP trimmed its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 53.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,743 shares of the financial services provider’s stock after selling 2,024 shares during the quarter. Versor Investments LP’s holdings in Colliers International Group were worth $211,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Durable Capital Partners LP boosted its holdings in shares of Colliers International Group by 4.0% in the fourth quarter. Durable Capital Partners LP now owns 2,644,327 shares of the financial services provider’s stock worth $359,549,000 after buying an additional 102,586 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Colliers International Group by 2.1% during the first quarter. Vanguard Group Inc. now owns 1,905,172 shares of the financial services provider’s stock worth $230,558,000 after purchasing an additional 38,379 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Colliers International Group by 1.1% during the first quarter. Victory Capital Management Inc. now owns 697,015 shares of the financial services provider’s stock worth $84,548,000 after purchasing an additional 7,815 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Colliers International Group by 1.3% during the fourth quarter. Janus Henderson Group PLC now owns 466,425 shares of the financial services provider’s stock worth $63,420,000 after purchasing an additional 5,850 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Colliers International Group by 0.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 458,569 shares of the financial services provider’s stock worth $62,353,000 after purchasing an additional 4,101 shares during the period. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Scotiabank raised their price target on shares of Colliers International Group from $155.00 to $170.00 and gave the stock a “sector outperform” rating in a report on Friday, August 1st. JMP Securities initiated coverage on shares of Colliers International Group in a report on Monday, July 21st. They set a “market perform” rating for the company. CIBC raised their price objective on shares of Colliers International Group from $149.00 to $175.00 and gave the company an “outperformer” rating in a research report on Friday, August 1st. Stifel Nicolaus raised their price objective on shares of 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, National Bankshares raised their price objective on shares of Colliers International Group from $169.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Colliers International Group has an average rating of “Moderate Buy” and a consensus target price of $168.40.

Colliers International Group Trading Up 2.9%

NASDAQ:CIGI opened at $167.53 on Friday. Colliers International Group Inc. has a 12 month low of $100.86 and a 12 month high of $169.27. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of 76.15 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 company’s 50 day moving average is $142.82 and its 200-day moving average is $129.70.

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, beating analysts’ consensus estimates of $1.52 by $0.20. Colliers International Group had a net margin of 2.17% and a return on equity of 20.82%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $1.36 earnings per share. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. Equities analysts anticipate that Colliers International Group Inc. will post 6.2 EPS 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.