Montrusco Bolton Investments Inc. Has $18.08 Million Stock Position in Colliers International Group Inc. $CIGI

Montrusco Bolton Investments Inc. increased its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 40.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,468 shares of the financial services provider’s stock after buying an additional 40,184 shares during the period. Montrusco Bolton Investments Inc. owned 0.28% of Colliers International Group worth $18,081,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CIGI. T. Rowe Price Investment Management Inc. raised its holdings in Colliers International Group by 56.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 965,700 shares of the financial services provider’s stock worth $117,140,000 after purchasing an additional 349,046 shares during the last quarter. Durable Capital Partners LP raised its holdings in Colliers International Group by 12.4% during the 1st quarter. Durable Capital Partners LP now owns 2,972,757 shares of the financial services provider’s stock worth $360,595,000 after purchasing an additional 328,430 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Colliers International Group by 39.9% during the 1st quarter. Ameriprise Financial Inc. now owns 480,040 shares of the financial services provider’s stock worth $58,229,000 after purchasing an additional 136,871 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in Colliers International Group by 17.5% during the 1st quarter. 1832 Asset Management L.P. now owns 404,706 shares of the financial services provider’s stock worth $49,091,000 after purchasing an additional 60,334 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Colliers International Group by 78.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 129,415 shares of the financial services provider’s stock worth $15,698,000 after purchasing an additional 56,755 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Stock Performance

Shares of CIGI stock opened at $149.47 on Monday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $7.41 billion, a PE ratio of 67.94 and a beta of 1.44. The stock has a 50-day moving average of $160.94 and a 200-day moving average of $138.02. Colliers International Group Inc. has a one year low of $100.86 and a one year high of $170.65.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Thursday, July 31st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.20. Colliers International Group had a return on equity of 20.82% and a net margin of 2.17%.The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the business earned $1.36 EPS. Colliers International Group’s revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, sell-side analysts expect that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CIGI has been the subject of several recent research reports. CIBC boosted their price objective on Colliers International Group from $149.00 to $175.00 and gave the stock an “outperformer” rating in a report on Friday, August 1st. JPMorgan Chase & Co. boosted their price objective on Colliers International Group from $137.00 to $181.00 and gave the stock a “neutral” rating in a report on Tuesday, August 26th. Stifel Nicolaus boosted their price objective on Colliers International Group from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 1st. National Bankshares upped their price target on Colliers International Group from $169.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Finally, JMP Securities assumed coverage on Colliers International Group in a research note on Monday, July 21st. They issued a “market perform” rating for the company. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $173.80.

Colliers International Group 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.