CIBC Asset Management Inc Increases Holdings in Colliers International Group Inc (CIGI)

CIBC Asset Management Inc raised its position in Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) by 15.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 478,787 shares of the financial services provider’s stock after acquiring an additional 64,681 shares during the period. CIBC Asset Management Inc’s holdings in Colliers International Group were worth $31,983,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Advisor Group Inc. purchased a new position in shares of Colliers International Group during the fourth quarter valued at approximately $41,000. Assenagon Asset Management S.A. purchased a new position in shares of Colliers International Group during the first quarter valued at approximately $206,000. Signition LP purchased a new position in shares of Colliers International Group during the first quarter valued at approximately $240,000. Wells Fargo & Company MN boosted its position in shares of Colliers International Group by 94.1% during the third quarter. Wells Fargo & Company MN now owns 3,165 shares of the financial services provider’s stock valued at $245,000 after buying an additional 1,534 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Colliers International Group by 13.4% during the fourth quarter. KBC Group NV now owns 6,021 shares of the financial services provider’s stock valued at $331,000 after buying an additional 713 shares during the last quarter. 69.74% of the stock is owned by hedge funds and other institutional investors.

Shares of CIGI opened at $60.87 on Tuesday. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 24.84 and a beta of 1.49. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.03 and a current ratio of 1.03. Colliers International Group Inc has a 1 year low of $52.01 and a 1 year high of $84.20.



Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings data on Friday, April 26th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.23). Colliers International Group had a net margin of 3.24% and a return on equity of 25.61%. The company had revenue of $635.10 million for the quarter, compared to the consensus estimate of $628.75 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. Research analysts anticipate that Colliers International Group Inc will post 3.11 earnings per share for the current fiscal year.

CIGI has been the topic of several analyst reports. Raymond James set a $85.00 target price on Colliers International Group and gave the company an “outperform” rating in a research report on Monday, April 29th. ValuEngine cut Colliers International Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 9th. BidaskClub cut Colliers International Group from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Zacks Investment Research raised Colliers International Group from a “hold” rating to a “strong-buy” rating and set a $79.00 price objective on the stock in a research report on Wednesday, February 20th. Finally, Royal Bank of Canada cut their price objective on Colliers International Group from $87.00 to $83.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 30th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Colliers International Group presently has an average rating of “Hold” and an average target price of $77.67.

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Colliers International Group Company Profile

Colliers International Group Inc provides commercial real estate services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, Asia, Australasia, and internationally. The company offers sales brokerage services, which include purchases and sales, debt placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and lease brokerage services comprising landlord and tenant representation services.

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Institutional Ownership by Quarter for Colliers International Group (NASDAQ:CIGI)

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