Blue Trust Inc. Has $141,000 Position in Colliers International Group Inc. (NASDAQ:CIGI)

Blue Trust Inc. raised its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 197.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 932 shares of the financial services provider’s stock after buying an additional 619 shares during the quarter. Blue Trust Inc.’s holdings in Colliers International Group were worth $141,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its holdings in shares of Colliers International Group by 33.9% during the 1st quarter. Russell Investments Group Ltd. now owns 16,473 shares of the financial services provider’s stock valued at $2,015,000 after purchasing an additional 4,169 shares in the last quarter. Blair William & Co. IL lifted its stake in Colliers International Group by 13.6% in the 1st quarter. Blair William & Co. IL now owns 34,783 shares of the financial services provider’s stock valued at $4,251,000 after acquiring an additional 4,170 shares in the last quarter. Swiss National Bank lifted its stake in Colliers International Group by 0.5% in the 1st quarter. Swiss National Bank now owns 82,200 shares of the financial services provider’s stock valued at $10,044,000 after acquiring an additional 400 shares in the last quarter. Addenda Capital Inc. lifted its stake in Colliers International Group by 20.6% in the 2nd quarter. Addenda Capital Inc. now owns 153,625 shares of the financial services provider’s stock valued at $17,152,000 after acquiring an additional 26,263 shares in the last quarter. Finally, Hantz Financial Services Inc. bought a new stake in Colliers International Group in the 2nd quarter valued at approximately $567,000. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Stock Performance

Shares of CIGI opened at $155.43 on Monday. The firm has a market cap of $7.60 billion, a PE ratio of 75.82 and a beta of 1.49. The stock’s fifty day moving average price is $146.70 and its two-hundred day moving average price is $127.57. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.03 and a quick ratio of 1.03. Colliers International Group Inc. has a 1 year low of $83.38 and a 1 year high of $155.99.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.01). The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Colliers International Group had a net margin of 3.20% and a return on equity of 23.60%. Colliers International Group’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 earnings per share. On average, equities research analysts forecast that Colliers International Group Inc. will post 5.66 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CIGI shares. BMO Capital Markets upped their price objective on Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a research note on Friday, September 13th. Stifel Nicolaus boosted their target price on Colliers International Group from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. StockNews.com lowered Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Scotiabank boosted their target price on Colliers International Group from $150.00 to $155.00 and gave the stock a “sector outperform” rating in a report on Friday, August 2nd. Finally, National Bankshares boosted their target price on Colliers International Group from $125.00 to $137.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $158.33.

Colliers International Group 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.