Ceredex Value Advisors LLC Has $9.91 Million Holdings in Colliers International Group Inc. $CIGI

Key Points

• Ceredex Value Advisors LLC increased its stake in Colliers International Group Inc. by 17.8%, owning approximately 0.17% of the company worth nearly $9.91 million.
• Colliers International Group reported $1.72 EPS for the latest quarter, surpassing expectations and showing an 18.3% increase in revenue compared to the prior year.
• Several analysts have recently raised their price targets, with the consensus price target now at $172.30 and a consensus rating of "Moderate Buy."

Ceredex Value Advisors LLC raised its holdings in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 17.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 81,695 shares of the financial services provider's stock after purchasing an additional 12,351 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.17% of Colliers International Group worth $9,910,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CIGI. TCTC Holdings LLC raised its holdings in shares of Colliers International Group by 114.9% in the first quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider's stock valued at $26,000 after buying an additional 116 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Colliers International Group in the 1st quarter valued at about $33,000. Tower Research Capital LLC TRC raised its stake in shares of Colliers International Group by 1,752.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock worth $43,000 after acquiring an additional 298 shares during the last quarter. Central Pacific Bank Trust Division lifted its position in shares of Colliers International Group by 10.0% during the first quarter. Central Pacific Bank Trust Division now owns 1,100 shares of the financial services provider's stock worth $133,000 after purchasing an additional 100 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of Colliers International Group by 13.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,435 shares of the financial services provider's stock valued at $174,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 80.09% of the company's stock.

Colliers International Group Trading Down 0.1%

Shares of CIGI stock traded down $0.22 on Monday, hitting $165.35. The stock had a trading volume of 128,170 shares, compared to its average volume of 149,306. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24. Colliers International Group Inc. has a twelve month low of $100.86 and a twelve month high of $170.65. The company has a fifty day moving average price of $146.64 and a two-hundred day moving average price of $130.71. The firm has a market cap of $8.18 billion, a P/E ratio of 75.16 and a beta of 1.41.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its earnings results on Thursday, July 31st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the previous year, the firm earned $1.36 earnings per share. The company's revenue was up 18.3% on a year-over-year basis. As a group, analysts forecast that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. JMP Securities started coverage on Colliers International Group in a report on Monday, July 21st. They set a "market perform" rating on the stock. CIBC upped 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. Stifel Nicolaus lifted their price objective on Colliers International Group from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Royal Bank Of Canada upped their target price on shares of Colliers International Group from $175.00 to $185.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, Raymond James Financial raised their target price on shares of Colliers International Group from $170.00 to $180.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $172.30.

About Colliers International Group

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.