TD Waterhouse Canada Inc. Acquires 9,230 Shares of Colliers International Group Inc. $CIGI

TD Waterhouse Canada Inc. increased its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 7.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,823 shares of the financial services provider’s stock after acquiring an additional 9,230 shares during the period. TD Waterhouse Canada Inc.’s holdings in Colliers International Group were worth $13,822,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Nykredit A S bought a new stake in Colliers International Group during the 2nd quarter worth approximately $84,000. Addenda Capital Inc. lifted its holdings in shares of Colliers International Group by 0.5% in the second quarter. Addenda Capital Inc. now owns 167,188 shares of the financial services provider’s stock valued at $15,681,000 after purchasing an additional 900 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Colliers International Group during the second quarter valued at approximately $437,000. Wellington Management Group LLP bought a new stake in Colliers International Group during the second quarter worth $41,488,000. Finally, United Capital Financial Advisors LLC bought a new stake in Colliers International Group during the second quarter worth $5,649,000. Institutional investors own 80.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Scotia lowered their price target on Colliers International Group from $150.00 to $145.00 and set a “sector outperform” rating for the company in a research report on Friday, July 31st. Scotiabank cut their price objective on shares of Colliers International Group from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. National Bank Financial upped their target price on shares of Colliers International Group from $109.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, Weiss Ratings upgraded shares of Colliers International Group from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Colliers International Group currently has a consensus rating of “Moderate Buy” and an average target price of $154.62.

Colliers International Group Stock Performance

Shares of Colliers International Group stock opened at $99.02 on Friday. The business’s fifty day simple moving average is $100.62 and its 200 day simple moving average is $102.95. The firm has a market capitalization of $5.06 billion, a P/E ratio of 47.15 and a beta of 1.23. Colliers International Group Inc. has a 12 month low of $88.38 and a 12 month high of $171.51. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.61.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.04. The firm 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%.The business’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.72 EPS. As a group, analysts anticipate that Colliers International Group Inc. will post 6.82 EPS for the current year.

About Colliers International Group

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.