Jupiter Topco LLC Makes New $238.81 Million Investment in Colliers International Group Inc. $CIGI

Jupiter Topco LLC bought a new stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) during the second quarter, HoldingsChannel reports. The institutional investor bought 1,680,486 shares of the financial services provider’s stock, valued at approximately $238,809,000.

Several other large investors also recently modified their holdings of CIGI. EverSource Wealth Advisors LLC raised its stake in shares of Colliers International Group by 26.3% in the second quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after buying an additional 63 shares during the period. NewEdge Advisors LLC boosted its position in shares of Colliers International Group by 5.9% in the first quarter. NewEdge Advisors LLC now owns 2,248 shares of the financial services provider’s stock valued at $240,000 after acquiring an additional 126 shares during the period. Arax Advisory Partners boosted its holdings in Colliers International Group by 137.0% in the 4th quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 126 shares during the period. Versor Investments LP grew its position in Colliers International Group by 6.2% during the fourth quarter. Versor Investments LP now owns 2,415 shares of the financial services provider’s stock worth $355,000 after buying an additional 142 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC grew its holdings in shares of Colliers International Group by 8.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,975 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on CIGI shares. Scotia reduced their target price 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 decreased their target price on shares of Colliers International Group from $180.00 to $148.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Royal Bank Of Canada decreased their price objective on shares of Colliers International Group from $160.00 to $155.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. Raymond James Financial dropped their target price on shares of Colliers International Group from $185.00 to $180.00 in a report on Wednesday, April 29th. Finally, Weiss Ratings raised Colliers International Group from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Colliers International Group presently has an average rating of “Moderate Buy” and a consensus price target of $154.62.

Colliers International Group Stock Performance

Shares of CIGI opened at $104.52 on Thursday. The company has a 50-day simple moving average of $99.22 and a two-hundred day simple moving average of $104.29. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $5.34 billion, a PE ratio of 49.77 and a beta of 1.24. Colliers International Group Inc. has a one year low of $88.38 and a one year high of $171.51.

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

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.