1832 Asset Management L.P. Has $49.09 Million Position in Colliers International Group Inc. $CIGI

Key Points

• 1832 Asset Management L.P. increased its stake in Colliers International Group by 17.5%, owning about $49 million worth of shares as of the end of the last quarter.
• Multiple institutional investors have significantly boosted their positions in Colliers International Group, with T. Rowe Price increasing its stake by 56.6% and Ameriprise Financial raising its stake by 39.9%.
• Analysts have raised their price targets for Colliers International Group, with ratings ranging from "Strong Buy" to "Outperform," and an average consensus price target of $168.40.

1832 Asset Management L.P. increased its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 17.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 404,706 shares of the financial services provider's stock after acquiring an additional 60,334 shares during the quarter. 1832 Asset Management L.P. owned about 0.82% of Colliers International Group worth $49,091,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. MQS Management LLC acquired a new position in shares of Colliers International Group during the 1st quarter worth approximately $527,000. Millennium Management LLC bought a new stake in Colliers International Group in the 4th quarter valued at $3,587,000. Massachusetts Financial Services Co. MA boosted its stake in Colliers International Group by 4.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 106,095 shares of the financial services provider's stock valued at $12,869,000 after purchasing an additional 4,153 shares during the period. Victory Capital Management Inc. boosted its stake in Colliers International Group by 1.1% in the 1st quarter. Victory Capital Management Inc. now owns 697,015 shares of the financial services provider's stock valued at $84,548,000 after purchasing an additional 7,815 shares during the period. Finally, Bank of America Corp DE boosted its stake in Colliers International Group by 102.5% in the 4th quarter. Bank of America Corp DE now owns 93,239 shares of the financial services provider's stock valued at $12,678,000 after purchasing an additional 47,195 shares during the period. 80.09% of the stock is owned by institutional investors and hedge funds.

Colliers International Group Price Performance

Shares of CIGI stock traded down $0.61 on Wednesday, hitting $166.36. 98,514 shares of the company's stock were exchanged, compared to its average volume of 134,738. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.17 and a quick ratio of 1.17. Colliers International Group Inc. has a 12 month low of $100.86 and a 12 month high of $170.65. The stock has a market cap of $8.23 billion, a P/E ratio of 75.62 and a beta of 1.44. The company has a 50 day moving average of $144.43 and a 200 day moving average of $130.04.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.20. Colliers International Group had a return on equity of 20.82% and a net margin of 2.17%.The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the company earned $1.36 EPS. Colliers International Group's revenue for the quarter was up 18.3% on a year-over-year basis. On average, equities research analysts predict that Colliers International Group Inc. will post 6.2 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Colliers International Group from $137.00 to $181.00 and gave the company a "neutral" rating in a research note on Tuesday. Citizens Jmp assumed coverage on Colliers International Group in a research note on Monday, July 21st. They issued a "market perform" rating for the company. Royal Bank Of Canada boosted their price target on Colliers International Group from $175.00 to $185.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. CIBC boosted their price target on Colliers International Group from $149.00 to $175.00 and gave the company an "outperformer" rating in a research note on Friday, August 1st. Finally, JMP Securities assumed coverage on Colliers International Group in a research note on Monday, July 21st. They issued a "market perform" rating for the company. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $172.30.

Colliers International Group Company 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.