AGF Management Ltd. Has $15.51 Million Position in Colliers International Group Inc. (NASDAQ:CIGI)

AGF Management Ltd. boosted its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 126.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 122,633 shares of the financial services provider's stock after acquiring an additional 68,479 shares during the quarter. AGF Management Ltd. owned approximately 0.27% of Colliers International Group worth $15,511,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Colliers International Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 1,292,876 shares of the financial services provider's stock valued at $123,146,000 after purchasing an additional 22,603 shares during the period. Mackenzie Financial Corp increased its position in Colliers International Group by 33.6% during the fourth quarter. Mackenzie Financial Corp now owns 725,052 shares of the financial services provider's stock worth $91,754,000 after acquiring an additional 182,167 shares during the period. Ameriprise Financial Inc. raised its stake in Colliers International Group by 10.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 718,321 shares of the financial services provider's stock valued at $68,420,000 after purchasing an additional 65,332 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Colliers International Group by 9.4% during the 4th quarter. Victory Capital Management Inc. now owns 710,420 shares of the financial services provider's stock worth $89,882,000 after purchasing an additional 61,295 shares during the period. Finally, Alberta Investment Management Corp lifted its position in shares of Colliers International Group by 9.5% in the 3rd quarter. Alberta Investment Management Corp now owns 587,671 shares of the financial services provider's stock worth $56,224,000 after acquiring an additional 50,973 shares during the period. Institutional investors own 80.09% of the company's stock.

Colliers International Group Price Performance

Shares of NASDAQ:CIGI traded up $1.53 during midday trading on Friday, reaching $114.17. The company's stock had a trading volume of 65,252 shares, compared to its average volume of 133,468. Colliers International Group Inc. has a fifty-two week low of $83.38 and a fifty-two week high of $131.05. The company has a market capitalization of $5.58 billion, a P/E ratio of 55.69 and a beta of 1.50. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.18 and a quick ratio of 1.02. The business's fifty day simple moving average is $114.92 and its 200-day simple moving average is $113.30.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.83 EPS for the quarter, missing analysts' consensus estimates of $1.84 by ($0.01). The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.20 billion. Colliers International Group had a return on equity of 26.28% and a net margin of 2.25%. As a group, equities research analysts expect that Colliers International Group Inc. will post 5.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CIGI shares. BMO Capital Markets boosted their price target on shares of Colliers International Group from $129.00 to $137.00 and gave the company an "outperform" rating in a report on Friday, February 9th. Raymond James increased their price objective on Colliers International Group from $140.00 to $145.00 and gave the stock a "strong-buy" rating in a research note on Friday, February 9th. Stifel Nicolaus lifted their price objective on Colliers International Group from $130.00 to $145.00 and gave the company a "buy" rating in a report on Friday, February 2nd. Scotiabank cut their price objective on Colliers International Group from $140.00 to $135.00 and set a "sector outperform" rating for the company in a report on Wednesday, April 17th. Finally, Royal Bank of Canada cut their price objective on Colliers International Group from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, May 3rd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $137.57.

About Colliers International Group

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.

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