Norwood Investment Partners LP purchased a new stake in Colliers International Group Inc. (NASDAQ:CIGI – Free Report) (TSE:CIGI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,000 shares of the financial services provider’s stock, valued at approximately $1,989,540,000. Colliers International Group accounts for about 2.7% of Norwood Investment Partners LP’s investment portfolio, making the stock its 13th largest position.
Several other institutional investors and hedge funds also recently made changes to their positions in CIGI. Caitong International Asset Management Co. Ltd acquired a new position in shares of Colliers International Group during the third quarter valued at about $26,000. Arax Advisory Partners lifted its position in shares of Colliers International Group by 137.0% in the 4th quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 126 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Colliers International Group in the fourth quarter valued at $32,000. Trust Co. of Vermont bought a new position in Colliers International Group in the second quarter worth $36,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Colliers International Group in the 2nd quarter valued at $39,000. Institutional investors own 80.09% of the company’s stock.
Colliers International Group Stock Performance
NASDAQ CIGI opened at $107.06 on Friday. Colliers International Group Inc. has a 1-year low of $88.38 and a 1-year high of $171.51. The company has a 50 day moving average of $98.54 and a 200-day moving average of $105.07. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.61. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 50.98 and a beta of 1.24.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on CIGI. Scotiabank decreased their target price on shares of Colliers International Group from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Scotia lowered their price objective on Colliers International Group from $150.00 to $145.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 31st. BMO Capital Markets dropped their target price on Colliers International Group from $180.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Raymond James Financial cut their target price on Colliers International Group from $185.00 to $180.00 in a research report on Wednesday, April 29th. Finally, National Bank Financial boosted their price target on Colliers International Group from $109.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Colliers International Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.56.
Read Our Latest Stock Analysis on CIGI
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.
Further Reading
- Five stocks we like better than Colliers International Group
- Blueprint for a Boom: SEC Clears the Crypto Runway
- Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
- Advance Auto Parts Plunged, But Its Turnaround Is Still Working
- Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
Receive News & Ratings for Colliers International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colliers International Group and related companies with MarketBeat.com's FREE daily email newsletter.
