Colliers International Group Inc. (NASDAQ:CIGI) Position Lifted by AGF Management Ltd.

Key Points

• AGF Management Ltd. increased its stake in Colliers International Group Inc. by 34.2% in the first quarter, acquiring an additional 19,478 shares to own a total of 76,502 shares worth approximately $9.26 million.
• Colliers International recently reported earnings of $1.72 per share, exceeding analysts' expectations of $1.52, with a revenue of $1.37 billion, an increase of 18.3% year-over-year.
• Several analysts raised their target prices for Colliers International Group, with CIBC setting it at $175.00 and Royal Bank of Canada at $185.00, reflecting a consensus rating of "Moderate Buy."

AGF Management Ltd. raised its holdings in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 34.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,502 shares of the financial services provider's stock after purchasing an additional 19,478 shares during the period. AGF Management Ltd. owned 0.16% of Colliers International Group worth $9,258,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. TCTC Holdings LLC lifted its stake in shares of Colliers International Group by 114.9% during the first quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider's stock valued at $26,000 after buying an additional 116 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Colliers International Group by 1,752.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock valued at $43,000 after buying an additional 298 shares during the period. Central Pacific Bank Trust Division lifted its stake in shares of Colliers International Group by 10.0% during the first quarter. Central Pacific Bank Trust Division now owns 1,100 shares of the financial services provider's stock valued at $133,000 after buying an additional 100 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Colliers International Group by 13.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,435 shares of the financial services provider's stock valued at $174,000 after buying an additional 175 shares during the period. Finally, Tidal Investments LLC purchased a new position in shares of Colliers International Group during the fourth quarter valued at approximately $222,000. Hedge funds and other institutional investors own 80.09% of the company's stock.

Wall Street Analyst Weigh In

CIGI has been the topic of several recent analyst reports. JMP Securities initiated coverage on shares of Colliers International Group in a research note on Monday, July 21st. They set a "market perform" rating on the stock. Royal Bank Of Canada increased their price target on shares of Colliers International Group from $175.00 to $185.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Stifel Nicolaus increased their price target on shares of Colliers International Group from $165.00 to $180.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Scotiabank increased their price target on shares of Colliers International Group from $155.00 to $170.00 and gave the stock a "sector outperform" rating in a research note on Friday, August 1st. Finally, National Bankshares increased their price target on shares of Colliers International Group from $169.00 to $175.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $168.40.

Colliers International Group Trading Up 0.4%

Shares of Colliers International Group stock traded up $0.67 during trading hours on Friday, hitting $162.80. The company's stock had a trading volume of 127,180 shares, compared to its average volume of 176,154. The business has a fifty day moving average of $139.24 and a 200 day moving average of $128.93. The company has a market capitalization of $8.06 billion, a PE ratio of 74.00 and a beta of 1.44. Colliers International Group Inc. has a 1-year low of $100.86 and a 1-year high of $163.18. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.24.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.20. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.29 billion. Colliers International Group had a net margin of 2.17% and a return on equity of 20.82%. The business's revenue was up 18.3% on a year-over-year basis. During the same period last year, the business earned $1.36 EPS. As a group, equities analysts forecast that Colliers International Group Inc. will post 6.2 EPS for the current year.

Colliers International Group Company 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.