Public Employees Retirement System of Ohio Makes New $1.02 Million Investment in Colliers International Group Inc. $CIGI

Public Employees Retirement System of Ohio acquired a new position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,213 shares of the financial services provider’s stock, valued at approximately $1,025,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Colliers International Group in the 3rd quarter valued at approximately $26,000. Arax Advisory Partners lifted its stake in shares of 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 buying an additional 126 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Colliers International Group during the fourth quarter worth approximately $32,000. Trust Co. of Vermont bought a new stake in Colliers International Group in the 2nd quarter valued at $36,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Colliers International Group during the second quarter worth $39,000. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on CIGI shares. National Bank Financial increased 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 report on Friday, July 31st. Scotiabank reduced their target price on Colliers International Group from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Scotia dropped their price target 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. Finally, Weiss Ratings raised shares of Colliers International Group from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. One equities 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $154.62.

Colliers International Group Price Performance

CIGI stock opened at $95.30 on Wednesday. The company has a market capitalization of $4.87 billion, a P/E ratio of 45.38 and a beta of 1.23. The company has a fifty day moving average price of $100.78 and a 200-day moving average price of $102.65. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.19 and a current ratio of 1.19. Colliers International Group Inc. has a 52-week low of $88.38 and a 52-week high of $171.51.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its 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. Colliers International Group had a return on equity of 20.17% and a net margin of 1.81%.The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the business posted $1.72 earnings per share. The firm’s revenue was up 16.7% on a year-over-year basis. As a group, equities analysts expect that Colliers International Group Inc. will post 6.92 EPS 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.