Colliers International Group Inc. $CIGI Shares Purchased by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors Inc. increased its holdings in Colliers International Group by 7.8%, now owning approximately 0.26% worth $16.8 million.
• Colliers International Group's stock price target has been raised by several analysts, with Scotiabank and Royal Bank of Canada setting new targets of $185.00.
• The company reported earnings per share of $1.72 for the last quarter, exceeding estimates and showing an 18.3% increase in revenue year-over-year.

Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 7.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,766 shares of the financial services provider's stock after buying an additional 9,357 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.26% of Colliers International Group worth $16,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Central Pacific Bank Trust Division increased its holdings 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 valued at $133,000 after acquiring an additional 100 shares in the last quarter. TCTC Holdings LLC increased its stake in Colliers International Group by 114.9% during the 1st quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 116 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Colliers International Group by 13.9% during the 1st 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 in the last quarter. Vista Finance LLC raised its holdings in shares of Colliers International Group by 7.0% in the first quarter. Vista Finance LLC now owns 2,953 shares of the financial services provider's stock worth $358,000 after buying an additional 193 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Colliers International Group during the first quarter worth $33,000. Institutional investors and hedge funds own 80.09% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Scotiabank upped their target price on Colliers International Group from $170.00 to $185.00 and gave the company an "outperform" rating in a research report on Tuesday, September 16th. Citizens Jmp started coverage on Colliers International Group in a report on Monday, July 21st. They issued a "market perform" rating on the stock. CIBC lifted their target price on Colliers International Group from $149.00 to $175.00 and gave the stock an "outperformer" rating in a report on Friday, August 1st. Royal Bank Of Canada upped their target price on 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, JPMorgan Chase & Co. raised their price target on shares of Colliers International Group from $137.00 to $181.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Colliers International Group has an average rating of "Moderate Buy" and an average price target of $173.80.

Colliers International Group Stock Up 0.3%

Colliers International Group stock opened at $157.00 on Monday. The business's 50-day moving average price is $159.07 and its 200 day moving average price is $135.95. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.24. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 71.36 and a beta of 1.41. Colliers International Group Inc. has a 52 week low of $100.86 and a 52 week high of $170.65.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly 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. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.29 billion. Colliers International Group had a return on equity of 20.82% and a net margin of 2.17%.Colliers International Group's revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.36 earnings per share. As a group, sell-side analysts anticipate that Colliers International Group Inc. will post 6.2 earnings per share for the current 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.

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