Public Employees Retirement System of Ohio Acquires Shares of 7,213 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) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,213 shares of the financial services provider’s stock, valued at approximately $1,025,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CIGI. Caitong International Asset Management Co. Ltd bought a new position in Colliers International Group during the third quarter worth about $26,000. Arax Advisory Partners increased its stake in Colliers International Group by 137.0% in the fourth quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 126 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Colliers International Group in the 4th quarter worth approximately $32,000. Trust Co. of Vermont purchased a new stake in shares of Colliers International Group in the 2nd quarter valued at $36,000. Finally, JPMorgan Chase & Co. bought a new stake in Colliers International Group in the second quarter worth $39,000. 80.09% of the stock is owned by institutional investors.

Colliers International Group Stock Performance

Shares of Colliers International Group stock opened at $95.30 on Wednesday. Colliers International Group Inc. has a 12 month low of $88.38 and a 12 month high of $171.51. The firm has a market capitalization of $4.87 billion, a P/E ratio of 45.38 and a beta of 1.23. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.61. The business has a fifty day simple moving average of $100.78 and a two-hundred day simple moving average of $102.65.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Scotia reduced 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 report on Friday, July 31st. National Bank Financial raised their target price on shares of Colliers International Group from $109.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Scotiabank decreased their target price on shares of Colliers International Group from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Finally, Weiss Ratings raised shares of Colliers International Group from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Colliers International Group has an average rating of “Moderate Buy” and a consensus target price of $154.62.

About Colliers International Group

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.