Nuveen LLC Purchases Shares of 36,344 Colliers International Group Inc. $CIGI

Key Points

• Nuveen LLC acquired a stake of 36,344 shares in Colliers International Group, valued at approximately $4.4 million, representing about 0.07% of the company's stock.
• Colliers International Group reported an earnings per share of $1.72, exceeding estimates by $0.20, with revenue increasing by 18.3% year-over-year.
• Research analysts have raised their target price for Colliers International Group, with predictions ranging from $170.00 to $180.00, and the stock maintains a consensus rating of "Moderate Buy".

Nuveen LLC purchased a new stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 36,344 shares of the financial services provider's stock, valued at approximately $4,398,000. Nuveen LLC owned approximately 0.07% of Colliers International Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. King Luther Capital Management Corp lifted its holdings in shares of Colliers International Group by 154.1% during the first quarter. King Luther Capital Management Corp now owns 38,003 shares of the financial services provider's stock valued at $4,610,000 after purchasing an additional 23,046 shares in the last quarter. Entropy Technologies LP lifted its holdings in shares of Colliers International Group by 80.8% during the first quarter. Entropy Technologies LP now owns 4,700 shares of the financial services provider's stock valued at $570,000 after purchasing an additional 2,100 shares in the last quarter. National Bank of Canada FI lifted its holdings in Colliers International Group by 4.5% in the first quarter. National Bank of Canada FI now owns 96,676 shares of the financial services provider's stock valued at $11,414,000 after acquiring an additional 4,195 shares during the period. Deutsche Bank AG lifted its holdings in Colliers International Group by 2.1% in the first quarter. Deutsche Bank AG now owns 42,681 shares of the financial services provider's stock valued at $5,177,000 after acquiring an additional 896 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Colliers International Group by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 95,006 shares of the financial services provider's stock valued at $11,496,000 after acquiring an additional 478 shares during the period. 80.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CIGI has been the topic of a number of recent research reports. JMP Securities initiated coverage on Colliers International Group in a report on Monday, July 21st. They issued a "market perform" rating on the stock. Royal Bank Of Canada increased their target price on Colliers International Group from $175.00 to $185.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Citizens Jmp started coverage on Colliers International Group in a research report on Monday, July 21st. They issued a "market perform" rating for the company. JPMorgan Chase & Co. upped their price target on Colliers International Group from $137.00 to $181.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, CIBC upped their price target on Colliers International Group from $149.00 to $175.00 and gave the stock an "outperformer" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $172.30.

Colliers International Group Price Performance

Shares of NASDAQ:CIGI traded down $0.22 during trading on Friday, hitting $165.35. 128,170 shares of the company's stock were exchanged, compared to its average volume of 151,570. The company has a market cap of $8.18 billion, a price-to-earnings ratio of 75.16 and a beta of 1.44. The business's 50-day simple moving average is $146.64 and its 200 day simple moving average is $130.72. 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 $170.65.

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 the consensus estimate of $1.52 by $0.20. The business had revenue of $1.37 billion during the quarter, compared to analysts' expectations 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 quarter last year, the business posted $1.36 EPS. As a group, equities analysts predict that Colliers International Group Inc. will post 6.2 EPS for the current year.

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.