Nuveen LLC Buys 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 acquired a new position in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 36,344 shares of the financial services provider's stock, valued at approximately $4,398,000. Nuveen LLC owned about 0.07% of Colliers International Group as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MQS Management LLC acquired a new stake in shares of Colliers International Group during the first quarter worth approximately $527,000. Millennium Management LLC acquired a new position in Colliers International Group during the 4th quarter worth $3,587,000. Massachusetts Financial Services Co. MA grew its holdings in Colliers International Group by 4.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 106,095 shares of the financial services provider's stock worth $12,869,000 after acquiring an additional 4,153 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Colliers International Group by 1.1% in the 1st quarter. Victory Capital Management Inc. now owns 697,015 shares of the financial services provider's stock worth $84,548,000 after purchasing an additional 7,815 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Colliers International Group by 102.5% in the 4th quarter. Bank of America Corp DE now owns 93,239 shares of the financial services provider's stock valued at $12,678,000 after purchasing an additional 47,195 shares in the last quarter. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CIGI has been the subject of several research analyst reports. Raymond James Financial boosted their price objective on Colliers International Group from $170.00 to $180.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Citizens Jmp initiated coverage on Colliers International Group in a report on Monday, July 21st. They issued a "market perform" rating for the company. Royal Bank Of Canada upped their price target on Colliers International Group from $175.00 to $185.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. JMP Securities assumed coverage on shares of Colliers International Group in a report on Monday, July 21st. They issued a "market perform" rating for the company. Finally, National Bankshares increased their target price on shares of Colliers International Group from $169.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Two research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $172.30.

Colliers International Group Stock Performance

CIGI stock traded down $0.22 during mid-day trading on Monday, reaching $165.35. The company had a trading volume of 128,170 shares, compared to its average volume of 149,306. Colliers International Group Inc. has a one year low of $100.86 and a one year high of $170.65. The stock has a market capitalization of $8.18 billion, a P/E ratio of 75.16 and a beta of 1.41. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.24. The stock's 50-day simple moving average is $147.31 and its two-hundred day simple moving average is $130.95.

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 EPS for the quarter, topping the consensus estimate 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 company's quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.36 earnings per share. Research analysts anticipate 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.