Ceredex Value Advisors LLC Buys 12,351 Shares of 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 boosted its position in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 17.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,695 shares of the financial services provider's stock after acquiring an additional 12,351 shares during the quarter. Ceredex Value Advisors LLC owned 0.17% of Colliers International Group worth $9,910,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. raised its position in Colliers International Group by 17.5% during the first quarter. 1832 Asset Management L.P. now owns 404,706 shares of the financial services provider's stock worth $49,091,000 after acquiring an additional 60,334 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Colliers International Group by 39.9% in the first quarter. Ameriprise Financial Inc. now owns 480,040 shares of the financial services provider's stock valued at $58,229,000 after purchasing an additional 136,871 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Colliers International Group by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 488,731 shares of the financial services provider's stock valued at $59,284,000 after purchasing an additional 30,162 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Colliers International Group by 56.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 965,700 shares of the financial services provider's stock valued at $117,140,000 after purchasing an additional 349,046 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of Colliers International Group by 77.3% in the first quarter. Hsbc Holdings PLC now owns 5,743 shares of the financial services provider's stock valued at $689,000 after purchasing an additional 2,503 shares during the last quarter. 80.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CIGI has been the topic of several research reports. JMP Securities initiated coverage on shares of Colliers International Group in a report on Monday, July 21st. They issued a "market perform" rating on the stock. Raymond James Financial upped their price objective on shares of Colliers International Group from $170.00 to $180.00 and gave the company an "outperform" rating in a report on Friday, August 1st. National Bankshares upped their price objective on shares of Colliers International Group from $169.00 to $175.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Scotiabank upped their price objective on shares of Colliers International Group from $155.00 to $170.00 and gave the company a "sector outperform" rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Colliers International Group from $137.00 to $181.00 and gave the company a "neutral" rating in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Colliers International Group currently has an average rating of "Moderate Buy" and an average target price of $172.30.

Colliers International Group Price Performance

Colliers International Group stock traded down $0.22 during trading hours on Friday, reaching $165.35. 128,170 shares of the stock were exchanged, compared to its average volume of 151,570. The company has a market cap of $8.18 billion, a P/E ratio of 75.16 and a beta of 1.44. 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 stock has a 50 day moving average of $146.64 and a two-hundred day moving average of $130.72.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.20. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.29 billion. Colliers International Group had a net margin of 2.17% and a return on equity of 20.82%. The business's revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.36 earnings per share. Equities analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

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.