39,750 Shares in Colliers International Group Inc. $CIGI Acquired by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC bought a new stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 39,750 shares of the financial services provider’s stock, valued at approximately $5,649,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Colliers International Group in the third quarter valued at $26,000. Kestra Advisory Services LLC acquired a new position in Colliers International Group during the 4th quarter worth about $32,000. Arax Advisory Partners lifted its stake in Colliers International Group by 137.0% during the 4th quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 126 shares in the last quarter. Trust Co. of Vermont purchased a new position in Colliers International Group during the 2nd quarter valued at about $36,000. Finally, JPMorgan Chase & Co. purchased a new position in Colliers International Group during the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CIGI shares. Scotiabank cut their price target on shares of Colliers International Group from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. National Bank Financial lifted their price objective on shares of Colliers International Group from $109.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, July 31st. BMO Capital Markets cut their target price on shares of Colliers International Group from $180.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Weiss Ratings upgraded shares of Colliers International Group from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. Finally, Scotia dropped their price target on shares of 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. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.62.

Colliers International Group Trading Down 1.5%

NASDAQ CIGI opened at $102.97 on Friday. Colliers International Group Inc. has a one year low of $88.38 and a one year high of $171.51. The firm’s fifty day moving average is $99.46 and its two-hundred day moving average is $104.03. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $5.26 billion, a PE ratio of 49.03 and a beta of 1.24.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.04. Colliers International Group had a net margin of 1.81% and a return on equity of 20.17%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the firm earned $1.72 earnings per share. The firm’s revenue was up 16.7% compared to the same quarter last year. Analysts expect that Colliers International Group Inc. will post 6.82 earnings per share for the current year.

Colliers International Group Profile

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.