Aperio Group LLC continued to hold its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 19,969 shares of the financial services provider’s stock at the end of the second quarter. Aperio Group LLC’s holdings in Colliers International Group were worth $1,127,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the stock. Morgan Stanley boosted its stake in shares of Colliers International Group by 7.0% in the first quarter. Morgan Stanley now owns 422,373 shares of the financial services provider’s stock worth $19,936,000 after buying an additional 27,547 shares during the period. Norges Bank purchased a new stake in Colliers International Group during the fourth quarter worth approximately $14,040,000. Blair William & Co. IL raised its stake in Colliers International Group by 6.5% in the first quarter. Blair William & Co. IL now owns 17,502 shares of the financial services provider’s stock worth $858,000 after buying an additional 1,065 shares in the last quarter. Nationwide Fund Advisors purchased a new stake in Colliers International Group during the first quarter worth approximately $2,918,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in Colliers International Group during the first quarter worth approximately $1,880,000. 59.59% of the stock is owned by institutional investors.

Colliers International Group Inc. (CIGI) traded down 0.40% during midday trading on Wednesday, reaching $50.40. 8,713 shares of the company were exchanged. The company has a 50-day moving average of $54.49 and a 200 day moving average of $50.22. The firm has a market capitalization of $1.96 billion, a PE ratio of 30.45 and a beta of 1.73. Colliers International Group Inc. has a 52 week low of $34.20 and a 52 week high of $60.75.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.57 by $0.16. The company had revenue of $544.20 million during the quarter, compared to analyst estimates of $515.45 million. Colliers International Group had a net margin of 3.23% and a return on equity of 49.70%. Colliers International Group’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 earnings per share. Equities analysts predict that Colliers International Group Inc. will post $2.87 earnings per share for the current year.

Colliers International Group declared that its board has approved a stock repurchase program on Thursday, July 13th that permits the company to buyback 2,700,000 shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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CIGI has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Colliers International Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. Raymond James Financial, Inc. upped their price target on shares of Colliers International Group from $57.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, May 3rd. BMO Capital Markets upped their price target on shares of Colliers International Group from $60.00 to $63.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $62.00 price target (up from $58.00) on shares of Colliers International Group in a report on Wednesday, August 2nd. Finally, Scotiabank upped their price target on shares of Colliers International Group from $66.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $65.70.

Colliers International Group Company Profile

Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. Its segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.

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

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