21,282 Shares in Colliers International Group Inc. $CIGI Purchased by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio purchased 21,282 Colliers International Group shares worth approximately $2.0 million, while institutional investors collectively own 80.09% of the company.
• Colliers reported quarterly EPS of $1.83, beating estimates of $1.79, while revenue rose 16.7% year over year to $1.38 billion but fell short of the $1.48 billion consensus forecast.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $154.62, substantially above the stock’s reported $99.02 price.

Public Employees Retirement System of Ohio bought a new stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 21,282 shares of the financial services provider's stock, valued at approximately $1,996,000.

Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in Colliers International Group in the third quarter valued at approximately $26,000. Kestra Advisory Services LLC bought a new stake in shares of Colliers International Group during the 4th quarter valued at $32,000. Arax Advisory Partners lifted its stake in shares of Colliers International Group by 137.0% in the 4th quarter. Arax Advisory Partners now owns 218 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 126 shares during the period. Trust Co. of Vermont acquired a new position in shares of Colliers International Group in the 2nd quarter valued at $36,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Colliers International Group in the 2nd quarter worth $39,000. Institutional investors and hedge funds own 80.09% of the company's stock.

Colliers International Group Stock Performance

NASDAQ:CIGI opened at $99.02 on Monday. Colliers International Group Inc. has a fifty-two week low of $88.38 and a fifty-two week high of $171.51. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization of $5.06 billion, a PE ratio of 47.15 and a beta of 1.23. The business's 50-day simple moving average is $100.62 and its 200-day simple moving average is $102.88.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.83 EPS for the quarter, beating the consensus estimate of $1.79 by $0.04. The business had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.48 billion. Colliers International Group had a net margin of 1.81% and a return on equity of 20.17%. The firm's revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.72 EPS. Sell-side analysts expect that Colliers International Group Inc. will post 6.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CIGI shares. National Bank Financial upped their price objective on Colliers International Group from $109.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Scotiabank decreased their target price on Colliers International Group from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, July 31st. Scotia cut their price target on shares of 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. Finally, Weiss Ratings upgraded shares of Colliers International Group from a "sell (d)" rating to a "hold (c-)" rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Colliers International Group has a consensus rating of "Moderate Buy" and a consensus target price of $154.62.

Colliers International Group Company Profile

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.

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