TD Waterhouse Canada Inc. Has $13.82 Million Stock Holdings in Colliers International Group Inc. $CIGI

TD Waterhouse Canada Inc. raised its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 7.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 136,823 shares of the financial services provider’s stock after purchasing an additional 9,230 shares during the quarter. TD Waterhouse Canada Inc. owned 0.27% of Colliers International Group worth $13,822,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CIGI. Caitong International Asset Management Co. Ltd acquired a new stake in Colliers International Group in the third quarter valued at about $26,000. Arax Advisory Partners raised its stake in Colliers International Group by 137.0% during the fourth quarter. Arax Advisory Partners now owns 218 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 126 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Colliers International Group in the 4th quarter valued at approximately $32,000. Trust Co. of Vermont bought a new stake in shares of Colliers International Group during the 2nd quarter valued at approximately $36,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Colliers International Group during the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on CIGI shares. Scotiabank dropped their target price on Colliers International Group from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Scotia decreased their price target on Colliers International Group from $150.00 to $145.00 and set a “sector outperform” rating for the company in a report on Friday, July 31st. Weiss Ratings upgraded shares of Colliers International Group from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. Finally, National Bank Financial boosted their target price on shares of Colliers International Group from $109.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $154.62.

Colliers International Group Stock Down 1.8%

CIGI stock opened at $99.02 on Friday. The stock’s 50 day simple moving average is $100.62 and its 200 day simple moving average is $102.95. The company has a market cap of $5.06 billion, a P/E ratio of 47.15 and a beta of 1.23. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.19 and a current ratio of 1.19. Colliers International Group Inc. has a fifty-two week low of $88.38 and a fifty-two week high of $171.51.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.04. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Colliers International Group had a return on equity of 20.17% and a net margin of 1.81%.The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.72 earnings per share. On average, research analysts expect that Colliers International Group Inc. will post 6.82 earnings per share for the current fiscal year.

Colliers International Group Company Profile

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.