Vanguard Group Inc. Has $230.56 Million Holdings in Colliers International Group Inc. $CIGI

Key Points

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Vanguard Group Inc. grew its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 2.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,905,172 shares of the financial services provider's stock after buying an additional 38,379 shares during the quarter. Vanguard Group Inc. owned 3.86% of Colliers International Group worth $230,558,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CIGI. Durable Capital Partners LP grew its stake in shares of Colliers International Group by 4.0% in the fourth quarter. Durable Capital Partners LP now owns 2,644,327 shares of the financial services provider's stock valued at $359,549,000 after buying an additional 102,586 shares in the last quarter. Nuveen Asset Management LLC grew its position in Colliers International Group by 288.0% in the fourth quarter. Nuveen Asset Management LLC now owns 126,451 shares of the financial services provider's stock valued at $17,187,000 after acquiring an additional 93,864 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in shares of Colliers International Group by 89.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 139,930 shares of the financial services provider's stock valued at $19,026,000 after purchasing an additional 65,958 shares during the period. Bank of America Corp DE lifted its position in shares of Colliers International Group by 102.5% during the fourth quarter. Bank of America Corp DE now owns 93,239 shares of the financial services provider's stock worth $12,678,000 after purchasing an additional 47,195 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in Colliers International Group by 187.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 45,266 shares of the financial services provider's stock valued at $6,154,000 after purchasing an additional 29,527 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CIGI. JMP Securities initiated coverage on Colliers International Group in a research note on Monday, July 21st. They set a "market perform" rating for the company. Citizens Jmp assumed coverage on shares of Colliers International Group in a report on Monday, July 21st. They set a "market perform" rating for the company. CIBC increased their price target on shares of Colliers International Group from $149.00 to $175.00 and gave the stock an "outperformer" rating in a research report on Friday, August 1st. Scotiabank upped their price target on Colliers International Group from $155.00 to $170.00 and gave the company a "sector outperform" rating in a research report on Friday, August 1st. Finally, Raymond James Financial lifted their price objective on shares of Colliers International Group from $170.00 to $180.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Two investment 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $168.40.

Colliers International Group Stock Performance

CIGI traded up $5.2050 during trading hours on Friday, hitting $167.9650. The company's stock had a trading volume of 104,418 shares, compared to its average volume of 134,538. The company has a 50-day simple moving average of $142.01 and a 200 day simple moving average of $129.54. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $8.31 billion, a PE ratio of 76.32 and a beta of 1.44. Colliers International Group Inc. has a fifty-two week low of $100.86 and a fifty-two week high of $169.27.

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

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.