Deutsche Bank AG acquired a new position in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 142,869 shares of the financial services provider's stock, valued at approximately $20,303,000. Deutsche Bank AG owned 0.28% of Colliers International Group at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont purchased a new stake in shares of Colliers International Group in the second quarter valued at approximately $36,000. Global Retirement Partners LLC acquired a new stake in shares of Colliers International Group in the 2nd quarter worth $44,000. Alberta Investment Management Corp acquired a new position in Colliers International Group in the 2nd quarter valued at about $1,568,000. Bank of New York Mellon Corp purchased a new stake in Colliers International Group in the second quarter valued at $5,316,000. Finally, Cooper Investors PTY Ltd. lifted its position in Colliers International Group by 10.3% in the second quarter. Cooper Investors PTY Ltd. now owns 34,610 shares of the financial services provider's stock valued at $3,246,000 after buying an additional 3,231 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors and hedge funds.
Colliers International Group Price Performance
Colliers International Group stock opened at $107.06 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.61. Colliers International Group Inc. has a 52-week low of $88.38 and a 52-week high of $171.51. The firm has a market cap of $5.47 billion, a PE ratio of 50.98 and a beta of 1.24. The company's 50 day moving average is $98.54 and its two-hundred day moving average is $105.07.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.83 EPS for the quarter, topping analysts' consensus estimates of $1.79 by $0.04. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.48 billion. Colliers International Group had a return on equity of 20.17% and a net margin of 1.81%.The business's revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.72 earnings per share. On average, research analysts expect that Colliers International Group Inc. will post 6.82 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Colliers International Group from a "sell (d)" rating to a "hold (c-)" rating in a research report on Thursday, August 6th. Scotiabank lowered their price objective on shares of Colliers International Group from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, July 31st. Royal Bank Of Canada dropped their target price on shares of Colliers International Group from $160.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, May 6th. National Bank Financial boosted their target price on Colliers International Group from $109.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Finally, Raymond James Financial decreased their price target on Colliers International Group from $185.00 to $180.00 in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Colliers International Group has an average rating of "Moderate Buy" and a consensus target price of $157.56.
View Our Latest Stock Analysis on Colliers International Group
Colliers International Group Profile
(
Free Report)
Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company's real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.
The firm operates through two principal segments: real estate services and investment management.
See Also
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