State of New Jersey Common Pension Fund D purchased a new stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,623 shares of the financial services provider's stock, valued at approximately $702,000.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Blue Trust Inc. boosted its holdings in Colliers International Group by 3,377.8% during the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider's stock worth $38,000 after buying an additional 304 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Colliers International Group by 93.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 469 shares of the financial services provider's stock worth $52,000 after acquiring an additional 226 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Colliers International Group in the first quarter valued at about $205,000. Stonegate Investment Group LLC acquired a new position in Colliers International Group in the 3rd quarter valued at $264,000. Finally, Whittier Trust Co. boosted its stake in Colliers International Group by 8.4% during the 3rd quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider's stock worth $540,000 after purchasing an additional 277 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors and hedge funds.
Colliers International Group Trading Down 0.7 %
NASDAQ:CIGI traded down $1.03 during trading hours on Tuesday, reaching $143.65. 77,506 shares of the company were exchanged, compared to its average volume of 113,393. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of 46.08 and a beta of 1.50. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a 50 day simple moving average of $149.22 and a 200 day simple moving average of $132.04. Colliers International Group Inc. has a 52-week low of $101.01 and a 52-week high of $156.96.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.17). Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The business had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the previous year, the business posted $1.10 EPS. The company's quarterly revenue was up 11.7% on a year-over-year basis. As a group, analysts predict that Colliers International Group Inc. will post 5.44 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on CIGI shares. National Bankshares upped their target price on shares of Colliers International Group from $125.00 to $137.00 and gave the company a "sector perform" rating in a research report on Friday, August 2nd. BMO Capital Markets lifted their price objective on Colliers International Group from $163.00 to $164.00 and gave the company an "outperform" rating in a research note on Friday, September 13th. Raymond James lowered Colliers International Group from a "strong-buy" rating to an "outperform" rating and increased their target price for the stock from $150.00 to $160.00 in a research note on Friday, August 2nd. Scotiabank boosted their price target on shares of Colliers International Group from $155.00 to $167.50 and gave the stock a "sector outperform" rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada upped their target price on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $160.42.
Check Out Our Latest Analysis on Colliers International Group
Colliers International Group Profile
(
Free Report)
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.
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