Fort Washington Investment Advisors Inc. OH Has $14 Million Stake in Colliers International Group Inc. (NASDAQ:CIGI)

Fort Washington Investment Advisors Inc. OH boosted its stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 11.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 125,389 shares of the financial services provider’s stock after purchasing an additional 12,920 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.26% of Colliers International Group worth $14,000,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in Colliers International Group by 9.4% during the 4th quarter. Victory Capital Management Inc. now owns 710,420 shares of the financial services provider’s stock valued at $89,882,000 after purchasing an additional 61,295 shares during the last quarter. National Bank of Canada FI raised its position in Colliers International Group by 5.3% in the 4th quarter. National Bank of Canada FI now owns 61,441 shares of the financial services provider’s stock valued at $7,477,000 after buying an additional 3,104 shares during the last quarter. AGF Management Ltd. lifted its stake in Colliers International Group by 126.5% during the 4th quarter. AGF Management Ltd. now owns 122,633 shares of the financial services provider’s stock valued at $15,511,000 after acquiring an additional 68,479 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Colliers International Group by 15.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 288,948 shares of the financial services provider’s stock worth $36,560,000 after acquiring an additional 37,851 shares during the last quarter. Finally, Avantax Advisory Services Inc. purchased a new stake in shares of Colliers International Group in the fourth quarter valued at about $203,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Stock Performance

Shares of CIGI opened at $144.26 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.15. The stock has a 50-day moving average price of $129.31 and a 200-day moving average price of $119.94. The company has a market cap of $7.06 billion, a PE ratio of 70.37 and a beta of 1.50. Colliers International Group Inc. has a 12-month low of $83.38 and a 12-month high of $147.53.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). Colliers International Group had a return on equity of 25.35% and a net margin of 3.20%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm posted $1.21 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. As a group, equities analysts forecast that Colliers International Group Inc. will post 5.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on CIGI. Royal Bank of Canada lifted their target price on shares of Colliers International Group from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Raymond James downgraded shares of Colliers International Group from a “strong-buy” rating to an “outperform” rating and boosted their price target for the stock from $150.00 to $160.00 in a report on Friday, August 2nd. BMO Capital Markets lifted their price target on shares of Colliers International Group from $140.00 to $163.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Stifel Nicolaus upped their price target on Colliers International Group from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, National Bankshares lifted their price objective on Colliers International Group from $125.00 to $137.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $155.83.

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.