Colliers International Group Inc. (NASDAQ:CIGI) Shares Bought by TD Asset Management Inc

TD Asset Management Inc increased its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 9.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,864 shares of the financial services provider's stock after buying an additional 19,346 shares during the period. TD Asset Management Inc owned about 0.45% of Colliers International Group worth $27,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CIGI. MQS Management LLC acquired a new stake in shares of Colliers International Group in the 1st quarter worth $527,000. Millennium Management LLC acquired a new stake in shares of Colliers International Group in the 4th quarter worth $3,587,000. Massachusetts Financial Services Co. MA increased its position in shares of 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 purchasing an additional 4,153 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Colliers International Group by 1.1% during 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 increased its position in shares of Colliers International Group by 102.5% during the 4th quarter. Bank of America Corp DE now owns 93,239 shares of the financial services provider's stock worth $12,678,000 after purchasing an additional 47,195 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CIGI. CIBC raised their price objective on Colliers International Group from $149.00 to $175.00 and gave the stock an "outperformer" rating in a research report on Friday. Stifel Nicolaus lifted their target price on Colliers International Group from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Friday. JMP Securities assumed coverage on Colliers International Group in a research report on Monday, July 21st. They issued a "market perform" rating for the company. Citizens Jmp assumed coverage on Colliers International Group in a research note on Monday, July 21st. They issued a "market perform" rating for the company. Finally, Royal Bank Of Canada lifted their price objective on Colliers International Group from $175.00 to $185.00 and gave the company an "outperform" rating in a research note on Friday. Six analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.40.

Colliers International Group Price Performance

Shares of CIGI traded up $0.12 during trading hours on Friday, reaching $150.83. 173,444 shares of the company traded hands, compared to its average volume of 132,657. 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 has a market capitalization of $7.46 billion, a PE ratio of 52.92 and a beta of 1.39. Colliers International Group Inc. has a fifty-two week low of $100.86 and a fifty-two week high of $156.96. The stock has a fifty day simple moving average of $131.44 and a 200 day simple moving average of $127.54.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.29 billion. Colliers International Group had a return on equity of 20.20% and a net margin of 2.92%. The company's revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.36 EPS. As a group, research analysts predict that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Colliers International Group Announces Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were issued a $0.15 dividend. This represents a dividend yield of 20.0%. The ex-dividend date was Monday, June 30th. Colliers International Group's payout ratio is 10.53%.

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.