Aviso Financial Inc. Grows Stock Holdings in Colliers International Group Inc. $CIGI

Key Points

• Aviso Financial Inc. increased its stock position in Colliers International Group Inc. by 7.8%, owning approximately 0.07% of the company valued at $4,105,000 after buying additional shares in the first quarter.
• Colliers International Group reported a net margin of 2.17% and a revenue increase of 18.3% year-over-year in its latest quarterly earnings, with an EPS of $1.72 exceeding analysts' estimates.
• Multiple analysts have recently raised their target prices for Colliers International Group, with Scotiabank setting a target of $170.00 and Stifel Nicolaus $180.00, reflecting strong investor interest and optimism.

Aviso Financial Inc. grew its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 7.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,905 shares of the financial services provider's stock after buying an additional 2,457 shares during the quarter. Aviso Financial Inc. owned 0.07% of Colliers International Group worth $4,105,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CIGI. Durable Capital Partners LP grew its stake in shares of Colliers International Group by 4.0% during the fourth quarter. Durable Capital Partners LP now owns 2,644,327 shares of the financial services provider's stock valued at $359,549,000 after buying an additional 102,586 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of Colliers International Group by 288.0% during the fourth quarter. Nuveen Asset Management LLC now owns 126,451 shares of the financial services provider's stock valued at $17,187,000 after buying an additional 93,864 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Colliers International Group by 89.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 139,930 shares of the financial services provider's stock valued at $19,026,000 after buying an additional 65,958 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Colliers International Group by 102.5% during the fourth quarter. Bank of America Corp DE now owns 93,239 shares of the financial services provider's stock valued at $12,678,000 after buying an additional 47,195 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Colliers International Group by 2.1% during the first quarter. Vanguard Group Inc. now owns 1,905,172 shares of the financial services provider's stock valued at $230,558,000 after buying an additional 38,379 shares during the last quarter. 80.09% of the stock is owned by institutional investors.

Colliers International Group Stock Up 2.9%

CIGI traded up $4.77 on Friday, hitting $167.53. The company had a trading volume of 152,597 shares, compared to its average volume of 172,697. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.17 and a quick ratio of 1.17. Colliers International Group Inc. has a 52-week low of $100.86 and a 52-week high of $169.27. The stock has a fifty day simple moving average of $142.82 and a 200-day simple moving average of $129.70. The firm has a market capitalization of $8.29 billion, a P/E ratio of 76.15 and a beta of 1.44.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on CIGI shares. Stifel Nicolaus raised their target price on Colliers International Group from $165.00 to $180.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Citizens Jmp started coverage on Colliers International Group in a research note on Monday, July 21st. They issued a "market perform" rating on the stock. Royal Bank Of Canada raised their target price on Colliers International Group from $175.00 to $185.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Scotiabank raised their target price on 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, JMP Securities started coverage on Colliers International Group in a research note on Monday, July 21st. They issued a "market perform" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.40.

Colliers International Group 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.