Erste Asset Management GmbH Takes Position in Colliers International Group Inc. (NASDAQ:CIGI)

Erste Asset Management GmbH acquired a new position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 12,000 shares of the financial services provider’s stock, valued at approximately $1,781,000.

A number of other institutional investors have also recently bought and sold shares of CIGI. Empowered Funds LLC lifted its position in shares of Colliers International Group by 60.5% in the third quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider’s stock worth $1,885,000 after purchasing an additional 4,678 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of Colliers International Group during the 3rd quarter valued at $2,581,000. Addenda Capital Inc. increased its stake in shares of Colliers International Group by 20.6% in the second quarter. Addenda Capital Inc. now owns 153,625 shares of the financial services provider’s stock worth $17,152,000 after acquiring an additional 26,263 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Colliers International Group during the second quarter worth $567,000. Finally, Bank of Montreal Can boosted its position in Colliers International Group by 0.9% during the second quarter. Bank of Montreal Can now owns 689,358 shares of the financial services provider’s stock valued at $76,703,000 after purchasing an additional 6,178 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CIGI has been the subject of a number of recent research reports. StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Royal Bank of Canada lifted their target price on shares of Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Scotiabank increased their price target on shares of Colliers International Group from $155.00 to $167.50 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, BMO Capital Markets raised their target price on Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $160.42.

Colliers International Group Stock Up 0.6 %

Colliers International Group stock opened at $152.54 on Wednesday. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 48.58 and a beta of 1.47. The firm has a fifty day moving average price of $149.96 and a two-hundred day moving average price of $135.14. Colliers International Group Inc. has a fifty-two week low of $101.01 and a fifty-two week high of $156.96. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.17). The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. Colliers International Group’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.10 EPS. As a group, analysts forecast that Colliers International Group Inc. will post 5.44 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.