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

Other hedge funds and other institutional investors have also made changes to their positions in the company. TCTC Holdings LLC raised its position 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 acquiring an additional 116 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Colliers International Group in the 1st quarter valued at about $33,000. Tower Research Capital LLC TRC raised its holdings in shares of Colliers International Group by 1,752.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 298 shares during the period. Central Pacific Bank Trust Division lifted its stake in 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 valued at $133,000 after purchasing an additional 100 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Colliers International Group by 13.9% during 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 purchasing an additional 175 shares during the period. 80.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CIGI. Raymond James Financial upped their price objective on Colliers International Group from $170.00 to $180.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. National Bankshares boosted their target price on Colliers International Group from $169.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. JPMorgan Chase & Co. raised 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. Citizens Jmp assumed coverage on shares of Colliers International Group in a research report on Monday, July 21st. They set a "market perform" rating for the company. Finally, CIBC increased their price objective on shares of Colliers International Group from $149.00 to $175.00 and gave the company an "outperformer" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Colliers International Group presently has an average rating of "Moderate Buy" and a consensus target price of $172.30.

Colliers International Group Stock Performance

Shares of NASDAQ:CIGI opened at $161.26 on Wednesday. Colliers International Group Inc. has a 12-month low of $100.86 and a 12-month high of $170.65. The company's 50 day moving average price is $147.88 and its two-hundred day moving average price is $131.16. The firm has a market cap of $7.98 billion, a PE ratio of 73.30 and a beta of 1.41. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.24.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.72 EPS for the quarter, topping analysts' consensus estimates 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 was up 18.3% on a year-over-year basis. During the same quarter last year, the company earned $1.36 EPS. Equities research analysts predict that Colliers International Group Inc. will post 6.2 earnings per share 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.