Hexavest Inc. Increases Holdings in Colliers International Group Inc (CIGI)

Hexavest Inc. raised its holdings in shares of Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) by 3.9% in the 1st quarter, Holdings Channel reports. The firm owned 29,401 shares of the financial services provider’s stock after buying an additional 1,108 shares during the period. Hexavest Inc.’s holdings in Colliers International Group were worth $1,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in CIGI. Norges Bank acquired a new stake in Colliers International Group during the 4th quarter valued at $24,103,000. CIBC Asset Management Inc lifted its holdings in Colliers International Group by 230.7% during the 4th quarter. CIBC Asset Management Inc now owns 414,106 shares of the financial services provider’s stock valued at $22,844,000 after purchasing an additional 288,878 shares during the last quarter. Waratah Capital Advisors Ltd. lifted its holdings in Colliers International Group by 52.3% during the 4th quarter. Waratah Capital Advisors Ltd. now owns 397,651 shares of the financial services provider’s stock valued at $22,071,000 after purchasing an additional 136,489 shares during the last quarter. APG Asset Management N.V. lifted its holdings in Colliers International Group by 229.5% during the 4th quarter. APG Asset Management N.V. now owns 119,600 shares of the financial services provider’s stock valued at $5,767,000 after purchasing an additional 83,300 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in Colliers International Group by 30.1% during the 4th quarter. Mackenzie Financial Corp now owns 330,091 shares of the financial services provider’s stock valued at $18,165,000 after purchasing an additional 76,447 shares during the last quarter. 69.67% of the stock is owned by institutional investors and hedge funds.

CIGI stock opened at $69.45 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.71. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 28.35 and a beta of 1.54. Colliers International Group Inc has a fifty-two week low of $52.01 and a fifty-two week high of $84.20.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Wednesday, February 13th. The financial services provider reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.12. The firm had revenue of $889.88 million for the quarter, compared to analysts’ expectations of $866.25 million. Colliers International Group had a return on equity of 28.18% and a net margin of 3.46%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.36 EPS. As a group, equities analysts expect that Colliers International Group Inc will post 3.27 EPS for the current fiscal year.

CIGI has been the subject of several research reports. JMP Securities raised Colliers International Group from a “market perform” rating to an “outperform” rating and set a $63.66 price target for the company in a report on Monday, February 4th. BidaskClub raised Colliers International Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 25th. Raymond James reiterated an “outperform” rating and set a $85.00 price objective on shares of Colliers International Group in a research report on Wednesday, April 3rd. ValuEngine upgraded Colliers International Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. Finally, William Blair reiterated an “outperform” rating on shares of Colliers International Group in a research report on Wednesday, February 13th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $78.67.

COPYRIGHT VIOLATION NOTICE: This story was posted by WKRB News and is the property of of WKRB News. If you are reading this story on another website, it was illegally copied and republished in violation of US and international copyright and trademark laws. The original version of this story can be accessed at https://www.wkrb13.com/2019/04/11/hexavest-inc-increases-holdings-in-colliers-international-group-inc-cigi.html.

Colliers International Group Company Profile

Colliers International Group Inc provides commercial real estate services to corporations, financial institutions, governments, and individuals worldwide. The company's Sales and Lease Brokerage division offers transaction brokerage services, including landlord representation, tenant representation, and capital markets and investment services, as well as property management, leasing, and valuations.

Recommended Story: Consumer Price Index (CPI)

Want to see what other hedge funds are holding CIGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI).

Institutional Ownership by Quarter for Colliers International Group (NASDAQ:CIGI)

Receive News & Ratings for Colliers International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colliers International Group and related companies with MarketBeat.com's FREE daily email newsletter.