Colliers International Group Inc. $CIGI Stock Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. lessened its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 44.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,526 shares of the financial services provider’s stock after selling 27,055 shares during the period. Van Berkom & Associates Inc. owned 0.07% of Colliers International Group worth $3,014,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP acquired a new stake in Colliers International Group in the 2nd quarter valued at approximately $41,488,000. Bank of America Corp DE acquired a new position in Colliers International Group during the 2nd quarter worth $37,034,000. BlackRock Inc. acquired a new position in Colliers International Group during the 2nd quarter worth $8,692,000. The Manufacturers Life Insurance Company acquired a new position in Colliers International Group during the 2nd quarter worth $292,656,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Colliers International Group in the second quarter worth $1,996,000. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Raymond James Financial lowered their price target on Colliers International Group from $160.00 to $150.00 and set a “strong-buy” rating on the stock in a report on Thursday, November 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Colliers International Group in a research note on Tuesday, November 3rd. Stifel Nicolaus reduced their price objective on shares of Colliers International Group from $155.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, November 5th. National Bank Financial upped their price objective on shares of Colliers International Group from $109.00 to $122.00 and gave the stock an “outperform” rating in a report on Thursday, November 5th. Finally, Royal Bank Of Canada decreased their target price on shares of Colliers International Group from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Thursday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.71.

Colliers International Group Stock Performance

CIGI opened at $95.69 on Tuesday. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 67.39 and a beta of 1.18. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.19 and a quick ratio of 1.19. Colliers International Group Inc. has a 1-year low of $83.21 and a 1-year high of $153.87. The business has a 50 day moving average price of $92.77 and a two-hundred day moving average price of $103.25.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Wednesday, November 4th. The financial services provider reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.03. Colliers International Group had a return on equity of 21.37% and a net margin of 1.18%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the firm earned $1.64 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Research analysts predict that Colliers International Group Inc. will post 6.89 EPS for the current fiscal year.

Colliers International Group Company Profile

Colliers International Group Inc is a global professional services and investment management company focused on commercial real estate and the built environment. Its services include property leasing and sales, property and facilities management, valuation and advisory, and real estate project management.

The company also provides engineering and consulting services for infrastructure, buildings, and related projects, along with investment management for real estate and other property-related strategies.