Aviso Financial Inc. Raises Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Aviso Financial Inc. grew its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,448 shares of the financial services provider’s stock after acquiring an additional 1,951 shares during the quarter. Aviso Financial Inc. owned about 0.06% of Colliers International Group worth $4,276,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CIGI. State of New Jersey Common Pension Fund D acquired a new position in shares of Colliers International Group during the third quarter valued at about $702,000. Plato Investment Management Ltd acquired a new position in shares of Colliers International Group during the third quarter valued at about $112,000. Empowered Funds LLC increased its holdings in shares of Colliers International Group by 60.5% during the third quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider’s stock valued at $1,885,000 after acquiring an additional 4,678 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of Colliers International Group during the third quarter valued at about $2,581,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Colliers International Group by 114.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 161,800 shares of the financial services provider’s stock valued at $24,552,000 after acquiring an additional 86,469 shares in the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on Colliers International Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $167.00 target price on the stock. The Goldman Sachs Group assumed coverage on Colliers International Group in a research report on Friday, December 6th. They issued a “neutral” rating and a $170.00 target price on the stock. National Bankshares dropped their target price on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. CIBC assumed coverage on Colliers International Group in a research report on Tuesday, March 4th. They issued a “sector outperform” rating and a $160.00 target price on the stock. Finally, StockNews.com upgraded Colliers International Group from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $166.90.

Colliers International Group Trading Down 3.0 %

Colliers International Group stock opened at $118.90 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. Colliers International Group Inc. has a 12 month low of $101.01 and a 12 month high of $156.96. The stock’s 50 day simple moving average is $133.37 and its two-hundred day simple moving average is $142.14. The firm has a market cap of $5.86 billion, a PE ratio of 37.27 and a beta of 1.58.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. Analysts anticipate that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

Colliers International Group 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.