Epoch Investment Partners Inc. Trims Holdings in Colliers International Group Inc. $CIGI

Key Points

• Epoch Investment Partners Inc. reduced its stake in Colliers International Group Inc. by 43.6% in Q1, owning 13,219 shares worth $1.6 million after selling 10,211 shares.
• Colliers International Group reported earnings of $1.72 per share for the latest quarter, exceeding analyst estimates by $0.20, with an 18.3% year-over-year revenue increase to $1.37 billion.
• Wall Street analysts show a consensus rating of "Moderate Buy" for Colliers International Group with a consensus price target of $172.30, as several firms have revised their price targets upward.

Epoch Investment Partners Inc. cut its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 43.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,219 shares of the financial services provider's stock after selling 10,211 shares during the quarter. Epoch Investment Partners Inc.'s holdings in Colliers International Group were worth $1,603,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. TCTC Holdings LLC boosted its stake in Colliers International Group by 114.9% during the first quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider's stock worth $26,000 after buying an additional 116 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Colliers International Group in the 1st quarter valued at $33,000. Tower Research Capital LLC TRC lifted its holdings in shares of Colliers International Group by 1,752.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock worth $43,000 after purchasing an additional 298 shares during the period. Central Pacific Bank Trust Division raised its position in Colliers International Group by 10.0% in the first 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 in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Colliers International Group by 13.9% in the first 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 in the last quarter. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

Colliers International Group Trading Down 0.4%

CIGI stock opened at $166.36 on Thursday. The business has a fifty day moving average price of $145.18 and a 200 day moving average price of $130.29. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 75.62 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 $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.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its earnings results on Thursday, July 31st. The financial services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.20. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.36 earnings per share. Analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CIGI has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on Colliers International Group from $137.00 to $181.00 and gave the company a "neutral" rating in a research note on Tuesday. JMP Securities started coverage on Colliers International Group in a report on Monday, July 21st. They set a "market perform" rating on the stock. CIBC boosted their price target on Colliers International Group from $149.00 to $175.00 and gave the company an "outperformer" rating in a report on Friday, August 1st. National Bankshares upped their price objective on Colliers International Group from $169.00 to $175.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Finally, Stifel Nicolaus boosted their price target on Colliers International Group from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Two equities research 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 data from MarketBeat.com, Colliers International Group has a consensus rating of "Moderate Buy" and a consensus price target of $172.30.

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.

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