Norwood Investment Partners LP Buys New Shares in Colliers International Group Inc. $CIGI

Norwood Investment Partners LP purchased a new stake in Colliers International Group Inc. (NASDAQ:CIGIFree 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.

Colliers International Group (NASDAQ:CIGIGet Free Report) (TSE:CIGI) last announced its earnings results on Thursday, July 30th. The financial services provider reported $1.83 EPS for the quarter, topping the consensus estimate of $1.79 by $0.04. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.48 billion. Colliers International Group had a return on equity of 20.17% and a net margin of 1.81%.Colliers International Group’s revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.72 EPS. On average, equities analysts forecast that Colliers International Group Inc. will post 6.82 earnings per share for the current fiscal year.

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

(Free Report)

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

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

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