Osterweis Capital Management Inc. Invests $13.04 Million in Colliers International Group Inc. $CIGI

Osterweis Capital Management Inc. purchased a new position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 91,739 shares of the financial services provider’s stock, valued at approximately $13,037,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in Colliers International Group during the third quarter valued at approximately $26,000. Arax Advisory Partners lifted its stake in Colliers International Group by 137.0% during the fourth quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 126 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Colliers International Group in the 4th quarter valued at $32,000. Trust Co. of Vermont acquired a new stake in shares of Colliers International Group in the 2nd quarter valued at $36,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Colliers International Group in the 2nd quarter valued at $39,000. 80.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Royal Bank Of Canada lowered their price target on Colliers International Group from $160.00 to $155.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. BMO Capital Markets reduced their price objective on 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. Scotiabank decreased their target price on 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. Raymond James Financial decreased 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 target price on Colliers International Group from $109.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $157.56.

Colliers International Group Stock Performance

Shares of Colliers International Group stock opened at $107.86 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.61. Colliers International Group Inc. has a twelve month low of $88.38 and a twelve month high of $171.51. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 51.36 and a beta of 1.24. The company’s fifty day moving average is $98.79 and its 200 day moving average is $104.71.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.04. The business had revenue of $1.38 billion during 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 quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.72 earnings per share. Sell-side analysts forecast that Colliers International Group Inc. will post 6.82 EPS for the current 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.