United Capital Financial Advisors LLC bought a new position in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 39,750 shares of the financial services provider's stock, valued at approximately $5,649,000. United Capital Financial Advisors LLC owned approximately 0.08% of Colliers International Group at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in CIGI. Dearborn Partners LLC purchased a new stake in shares of Colliers International Group in the second quarter valued at approximately $442,000. Grandeur Peak Global Advisors LLC purchased a new position in Colliers International Group during the second quarter worth approximately $668,000. Centaurus Financial Inc. acquired a new position in Colliers International Group during the second quarter worth $328,000. Public Employees Retirement System of Ohio acquired a new position in Colliers International Group during the second quarter worth $1,025,000. Finally, Corient Private Wealth LP purchased a new stake in Colliers International Group in the 2nd quarter valued at $884,000. 80.09% of the stock is currently owned by institutional investors and hedge funds.
Colliers International Group Price Performance
CIGI stock opened at $102.97 on Friday. Colliers International Group Inc. has a 52-week low of $88.38 and a 52-week high of $171.51. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.61. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 49.03 and a beta of 1.24. The business has a fifty day moving average of $99.46 and a two-hundred day moving average of $104.03.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.83 EPS for the quarter, beating the consensus estimate of $1.79 by $0.04. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.48 billion. Colliers International Group had a return on equity of 20.17% and a net margin of 1.81%.The company's quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.72 EPS. As a group, research analysts anticipate that Colliers International Group Inc. will post 6.82 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. Scotia cut their target price on Colliers International Group from $150.00 to $145.00 and set a "sector outperform" rating for the company in a research note on Friday, July 31st. Scotiabank dropped 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 report on Friday, July 31st. 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. National Bank Financial lifted their target price on shares of Colliers International Group from $109.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Finally, Royal Bank Of Canada decreased their target price on shares of Colliers International Group from $160.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $154.62.
View Our Latest Research Report on Colliers International Group
Colliers International Group Profile
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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.
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