K.J. Harrison & Partners Inc Acquires New Position in Colliers International Group Inc (CIGI)

K.J. Harrison & Partners Inc acquired a new position in Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) during the 1st quarter, HoldingsChannel reports. The fund acquired 20,200 shares of the financial services provider’s stock, valued at approximately $1,349,000.

Other institutional investors also recently bought and sold shares of the company. Pembroke Management LTD raised its position in shares of Colliers International Group by 101.3% during the 1st quarter. Pembroke Management LTD now owns 465,200 shares of the financial services provider’s stock valued at $41,528,000 after buying an additional 234,050 shares during the period. Fenimore Asset Management Inc. raised its position in shares of Colliers International Group by 6.4% during the 1st quarter. Fenimore Asset Management Inc. now owns 149,960 shares of the financial services provider’s stock valued at $10,011,000 after buying an additional 8,960 shares during the period. Hexavest Inc. raised its position in shares of Colliers International Group by 3.9% during the 1st quarter. Hexavest Inc. now owns 29,401 shares of the financial services provider’s stock valued at $1,965,000 after buying an additional 1,108 shares during the period. Deutsche Bank AG raised its position in shares of Colliers International Group by 26.1% during the 4th quarter. Deutsche Bank AG now owns 246,976 shares of the financial services provider’s stock valued at $13,591,000 after buying an additional 51,142 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Colliers International Group by 23.3% during the 4th quarter. American Century Companies Inc. now owns 209,429 shares of the financial services provider’s stock valued at $11,550,000 after buying an additional 39,617 shares during the period. Institutional investors own 70.31% of the company’s stock.

CIGI has been the topic of several analyst reports. Zacks Investment Research lowered shares of Colliers International Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 1st. JMP Securities upgraded shares of Colliers International Group from a “market perform” rating to an “outperform” rating and set a $63.66 target price for the company in a report on Monday, February 4th. BidaskClub downgraded shares of Colliers International Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. ValuEngine downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Saturday, March 9th. Finally, William Blair reiterated an “outperform” rating on shares of Colliers International Group in a report on Wednesday, February 13th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Colliers International Group presently has an average rating of “Buy” and an average price target of $78.67.

Colliers International Group stock traded down $2.36 during trading on Friday, hitting $67.00. The company had a trading volume of 12,904 shares, compared to its average volume of 45,785. Colliers International Group Inc has a 1-year low of $52.01 and a 1-year high of $84.20. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $2.63 billion, a PE ratio of 27.31 and a beta of 1.54.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Friday, April 26th. The financial services provider reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.24. Colliers International Group had a net margin of 3.46% and a return on equity of 28.18%. The firm had revenue of $635.10 million during the quarter, compared to the consensus estimate of $628.75 million. During the same quarter last year, the firm earned $0.45 EPS. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. As a group, equities research analysts forecast that Colliers International Group Inc will post 3.27 earnings per share for the current year.

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About Colliers International Group

Colliers International Group Inc provides commercial real estate services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, Asia, Australasia, and internationally. The company offers sales brokerage services, which include purchases and sales, debt placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and lease brokerage services comprising landlord and tenant representation services.

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Institutional Ownership by Quarter for Colliers International Group (NASDAQ:CIGI)

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