Colliers International Group Inc. (NASDAQ:CIGI) Shares Purchased by National Bank of Canada FI

Key Points

• National Bank of Canada FI has increased its holdings in Colliers International Group Inc. by 4.5%, now owning approximately 0.20% of the company, valued at $11.4 million.
• Colliers International Group's stock received multiple upgrades from analysts, with price targets raised to between $175.00 and $185.00, reflecting a consensus rating of "Moderate Buy."
• The company reported a quarterly EPS of $1.72, exceeding estimates, with revenues of $1.37 billion, marking an 18.3% increase year-over-year.

National Bank of Canada FI lifted its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 4.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 96,676 shares of the financial services provider's stock after acquiring an additional 4,195 shares during the quarter. National Bank of Canada FI owned 0.20% of Colliers International Group worth $11,414,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of CIGI. Central Pacific Bank Trust Division increased its holdings in Colliers International Group by 10.0% in 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 last quarter. TCTC Holdings LLC increased its holdings in Colliers International Group by 114.9% in 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 last quarter. Silvercrest Asset Management Group LLC increased its holdings in Colliers International Group by 0.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 34,425 shares of the financial services provider's stock valued at $4,681,000 after buying an additional 151 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Colliers International Group by 13.9% in 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 last quarter. Finally, Alliancebernstein L.P. increased its holdings in Colliers International Group by 2.5% in the fourth quarter. Alliancebernstein L.P. now owns 7,474 shares of the financial services provider's stock valued at $1,016,000 after buying an additional 180 shares during the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CIGI has been the subject of several research analyst reports. CIBC boosted their price objective on Colliers International Group from $149.00 to $175.00 and gave the company an "outperformer" rating in a report on Friday, August 1st. National Bankshares lifted their target price on Colliers International Group from $169.00 to $175.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. JMP Securities initiated coverage on Colliers International Group in a research note on Monday, July 21st. They issued a "market perform" rating for the company. Raymond James Financial lifted their target price on Colliers International Group from $170.00 to $180.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, Royal Bank Of Canada lifted their target price on Colliers International Group from $175.00 to $185.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Colliers International Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $168.40.

Colliers International Group Stock Performance

CIGI stock traded up $0.67 on Friday, reaching $162.80. The company's stock had a trading volume of 127,180 shares, compared to its average volume of 176,154. Colliers International Group Inc. has a 52 week low of $100.86 and a 52 week high of $163.18. The company has a market capitalization of $8.06 billion, a P/E ratio of 74.00 and a beta of 1.44. The firm has a fifty day moving average of $139.24 and a two-hundred day moving average of $128.93. 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 (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its earnings results on Thursday, July 31st. The financial services provider reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.20. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.29 billion. Colliers International Group had a return on equity of 20.82% and a net margin of 2.17%. The firm's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.36 earnings per share. As a group, analysts predict that Colliers International Group Inc. will post 6.2 EPS for the current fiscal 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.