Toronto Dominion Bank Has $1.92 Million Stock Position in Colliers International Group Inc. (NASDAQ:CIGI)

Toronto Dominion Bank grew its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 4.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 17,200 shares of the financial services provider’s stock after acquiring an additional 789 shares during the period. Toronto Dominion Bank’s holdings in Colliers International Group were worth $1,920,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Addenda Capital Inc. lifted its holdings in Colliers International Group by 8.8% during the 1st quarter. Addenda Capital Inc. now owns 127,362 shares of the financial services provider’s stock worth $15,567,000 after buying an additional 10,340 shares during the period. CIBC Asset Management Inc boosted its holdings in Colliers International Group by 3.2% in the fourth quarter. CIBC Asset Management Inc now owns 409,413 shares of the financial services provider’s stock valued at $51,950,000 after acquiring an additional 12,820 shares during the last quarter. Russell Investments Group Ltd. increased its position in Colliers International Group by 33.9% during the 1st quarter. Russell Investments Group Ltd. now owns 16,473 shares of the financial services provider’s stock valued at $2,015,000 after purchasing an additional 4,169 shares during the period. Security National Bank bought a new position in Colliers International Group during the 4th quarter worth approximately $70,000. Finally, Blair William & Co. IL lifted its position in shares of Colliers International Group by 13.6% in the 1st quarter. Blair William & Co. IL now owns 34,783 shares of the financial services provider’s stock worth $4,251,000 after purchasing an additional 4,170 shares during the period. Institutional investors and hedge funds own 80.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CIGI shares. Stifel Nicolaus increased their price objective on shares of Colliers International Group from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Raymond James lowered Colliers International Group from a “strong-buy” rating to an “outperform” rating and lifted their price objective for the stock from $150.00 to $160.00 in a research report on Friday, August 2nd. BMO Capital Markets upped their target price on Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a research report on Friday, September 13th. Scotiabank lifted their target price on Colliers International Group from $150.00 to $155.00 and gave the stock a “sector outperform” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $160.00 price target on shares of Colliers International Group in a report on Monday, September 9th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Colliers International Group currently has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Colliers International Group Trading Down 2.0 %

Shares of Colliers International Group stock opened at $148.31 on Monday. The stock has a market capitalization of $7.25 billion, a PE ratio of 72.35 and a beta of 1.49. Colliers International Group Inc. has a 52 week low of $83.38 and a 52 week high of $152.84. The stock has a 50 day moving average price of $140.67 and a two-hundred day moving average price of $123.37. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.03 and a current ratio of 1.03.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.01). Colliers International Group had a net margin of 3.20% and a return on equity of 23.60%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business posted $1.21 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, equities analysts anticipate that Colliers International Group Inc. will post 5.66 earnings per share for the current fiscal 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.