Campbell & CO Investment Adviser LLC Buys Shares of 3,341 Colliers International Group Inc (NASDAQ:CIGI)

Campbell & CO Investment Adviser LLC purchased a new position in Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) in the third quarter, Holdings Channel reports. The institutional investor purchased 3,341 shares of the financial services provider’s stock, valued at approximately $223,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CIGI. Legal & General Group Plc raised its stake in shares of Colliers International Group by 14.4% during the 1st quarter. Legal & General Group Plc now owns 16,005 shares of the financial services provider’s stock valued at $757,000 after purchasing an additional 2,015 shares during the period. Wells Fargo & Company MN grew its holdings in Colliers International Group by 2.6% during the 1st quarter. Wells Fargo & Company MN now owns 295,696 shares of the financial services provider’s stock valued at $14,196,000 after buying an additional 7,561 shares in the last quarter. APG Asset Management N.V. increased its position in shares of Colliers International Group by 151.6% during the first quarter. APG Asset Management N.V. now owns 77,500 shares of the financial services provider’s stock valued at $3,666,000 after buying an additional 46,700 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Colliers International Group by 866.0% in the first quarter. Schroder Investment Management Group now owns 44,405 shares of the financial services provider’s stock worth $3,073,000 after buying an additional 39,808 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Colliers International Group by 45.3% in the first quarter. Invesco Ltd. now owns 667,444 shares of the financial services provider’s stock worth $32,043,000 after buying an additional 207,942 shares in the last quarter. Institutional investors own 73.34% of the company’s stock.

Several analysts have issued reports on the stock. Raymond James set a $75.00 target price on shares of Colliers International Group and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. ValuEngine upgraded Colliers International Group from a “hold” rating to a “buy” rating in a research report on Saturday. Royal Bank of Canada lifted their price objective on Colliers International Group from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. BidaskClub lowered Colliers International Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 23rd. Finally, Zacks Investment Research upgraded Colliers International Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $83.00.

Shares of NASDAQ:CIGI opened at $67.89 on Friday. Colliers International Group Inc has a 52-week low of $33.93 and a 52-week high of $92.07. The firm has a fifty day moving average of $65.86 and a 200 day moving average of $57.77. The firm has a market capitalization of $2.72 billion, a PE ratio of 37.93 and a beta of 1.65. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.99 and a current ratio of 0.99.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Thursday, August 6th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.28. Colliers International Group had a return on equity of 14.61% and a net margin of 2.53%. The firm had revenue of $550.21 million during the quarter, compared to analyst estimates of $507.80 million. On average, sell-side analysts forecast that Colliers International Group Inc will post 1.08 EPS for the current fiscal year.

Colliers International Group Company Profile

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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