Empowered Funds LLC Grows Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Empowered Funds LLC grew its position in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 60.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,415 shares of the financial services provider's stock after purchasing an additional 4,678 shares during the quarter. Empowered Funds LLC's holdings in Colliers International Group were worth $1,885,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. raised its stake in Colliers International Group by 3,377.8% during the 2nd quarter. Blue Trust Inc. now owns 313 shares of the financial services provider's stock worth $38,000 after acquiring an additional 304 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Colliers International Group by 93.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 469 shares of the financial services provider's stock worth $52,000 after buying an additional 226 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in Colliers International Group during the third quarter worth about $112,000. Bayesian Capital Management LP purchased a new stake in Colliers International Group during the first quarter worth about $205,000. Finally, Stonegate Investment Group LLC acquired a new stake in shares of Colliers International Group in the third quarter valued at approximately $264,000. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Trading Up 1.3 %

NASDAQ:CIGI traded up $1.88 during trading hours on Thursday, reaching $143.92. 74,004 shares of the company were exchanged, compared to its average volume of 113,506. 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 firm has a market cap of $7.07 billion, a price-to-earnings ratio of 45.86 and a beta of 1.50. Colliers International Group Inc. has a 52-week low of $101.01 and a 52-week high of $156.96. The stock has a 50 day simple moving average of $149.29 and a 200 day simple moving average of $132.63.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing analysts' consensus estimates 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 period in the prior year, the business posted $1.10 EPS. The business's 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 Analyst Weigh In

Several research firms have recently commented on CIGI. Royal Bank of Canada increased their price target on shares of Colliers International Group from $160.00 to $174.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Stifel Nicolaus raised their target price on shares of Colliers International Group from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Raymond James lowered shares of Colliers International Group from a "strong-buy" rating to an "outperform" rating and raised their target price for the stock from $150.00 to $160.00 in a research report on Friday, August 2nd. National Bank Financial upgraded shares of Colliers International Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 5th. Finally, StockNews.com lowered shares of Colliers International Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $160.42.

Colliers International Group 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.