Russell Investments Group Ltd. Has $1.45 Million Holdings in Colliers International Group Inc. $CIGI

Key Points

• Russell Investments Group Ltd. has reduced its stake in Colliers International Group by 20.2%, selling 3,030 shares during the first quarter, which left them with a total of 11,963 shares valued at approximately $1.45 million.
• Multiple hedge funds have increased their holdings in Colliers International Group, with AGF Management raising its stake by 34.2% to 76,502 shares, valued at $9.26 million.
• Wall Street analysts have a positive outlook, with several increasing their price targets, leading to a consensus rating of "Moderate Buy" and an average price target of $172.30 for the stock.

Russell Investments Group Ltd. trimmed its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 20.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,963 shares of the financial services provider's stock after selling 3,030 shares during the quarter. Russell Investments Group Ltd.'s holdings in Colliers International Group were worth $1,448,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Central Pacific Bank Trust Division grew its holdings in shares of Colliers International Group by 10.0% in the 1st quarter. Central Pacific Bank Trust Division now owns 1,100 shares of the financial services provider's stock worth $133,000 after acquiring an additional 100 shares during the last quarter. TCTC Holdings LLC grew its holdings in shares of Colliers International Group by 114.9% in the 1st quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider's stock worth $26,000 after acquiring an additional 116 shares during the last quarter. Silvercrest Asset Management Group LLC grew its holdings in shares of Colliers International Group by 0.4% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 34,425 shares of the financial services provider's stock worth $4,681,000 after acquiring an additional 151 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Colliers International Group by 13.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,435 shares of the financial services provider's stock worth $174,000 after acquiring an additional 175 shares during the last quarter. Finally, Vista Finance LLC grew its holdings in shares of Colliers International Group by 7.0% in the 1st quarter. Vista Finance LLC now owns 2,953 shares of the financial services provider's stock worth $358,000 after acquiring an additional 193 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CIGI shares. Raymond James Financial lifted their target price on Colliers International Group from $170.00 to $180.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. JMP Securities started coverage on Colliers International Group in a report on Monday, July 21st. They set a "market perform" rating on the stock. JPMorgan Chase & Co. lifted their price target on Colliers International Group from $137.00 to $181.00 and gave the company a "neutral" rating in a report on Tuesday, August 26th. National Bankshares lifted their price target on Colliers International Group from $169.00 to $175.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, Citizens Jmp started coverage on Colliers International Group in a report on Monday, July 21st. They set a "market perform" rating on the stock. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $172.30.

Colliers International Group Stock Down 2.5%

CIGI traded down $4.09 during trading on Tuesday, reaching $161.26. 140,717 shares of the stock traded hands, compared to its average volume of 143,442. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 73.30 and a beta of 1.41. Colliers International Group Inc. has a fifty-two week low of $100.86 and a fifty-two week high of $170.65. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.17 and a quick ratio of 1.17. The stock's 50-day simple moving average is $147.88 and its two-hundred day simple moving average is $131.16.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly earnings data 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 firm 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 business's revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.36 earnings per share. As a group, equities research analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current year.

Colliers International Group Company 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.