Aviso Financial Inc. Has $3.89 Million Stock Position in Colliers International Group Inc. $CIGI

Aviso Financial Inc. reduced its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 12.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,765 shares of the financial services provider’s stock after selling 4,140 shares during the quarter. Aviso Financial Inc. owned about 0.06% of Colliers International Group worth $3,894,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CIGI. T. Rowe Price Investment Management Inc. grew its stake in shares of Colliers International Group by 56.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 965,700 shares of the financial services provider’s stock worth $117,140,000 after buying an additional 349,046 shares during the last quarter. Durable Capital Partners LP lifted its stake in Colliers International Group by 12.4% in the first quarter. Durable Capital Partners LP now owns 2,972,757 shares of the financial services provider’s stock valued at $360,595,000 after buying an additional 328,430 shares during the period. Picton Mahoney Asset Management bought a new position in Colliers International Group during the second quarter worth $35,521,000. American Century Companies Inc. grew its stake in shares of Colliers International Group by 69.8% in the 2nd quarter. American Century Companies Inc. now owns 361,865 shares of the financial services provider’s stock valued at $47,240,000 after buying an additional 148,783 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of Colliers International Group by 39.9% during the first quarter. Ameriprise Financial Inc. now owns 480,040 shares of the financial services provider’s stock valued at $58,229,000 after acquiring an additional 136,871 shares in the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

Colliers International Group Stock Down 0.3%

Shares of Colliers International Group stock opened at $139.94 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 63.61 and a beta of 1.47. Colliers International Group Inc. has a 52-week low of $100.86 and a 52-week high of $171.51. The company’s 50 day moving average price is $155.00 and its 200-day moving average price is $146.31.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CIGI. Scotiabank raised their price target on shares of Colliers International Group from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 16th. CIBC raised their price target on shares of Colliers International Group from $175.00 to $179.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. 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 research report on Friday, August 1st. JPMorgan Chase & Co. boosted their price objective on Colliers International Group from $137.00 to $181.00 and gave the company a “neutral” rating in a research note on Tuesday, August 26th. Finally, Stifel Nicolaus boosted their price target on shares of Colliers International Group from $180.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Colliers International Group presently has an average rating of “Moderate Buy” and a consensus price target of $175.70.

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.