Victory Capital Management Inc. Sells 31,385 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Victory Capital Management Inc. lessened its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 689,200 shares of the financial services provider’s stock after selling 31,385 shares during the quarter. Victory Capital Management Inc.’s holdings in Colliers International Group were worth $93,711,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Plato Investment Management Ltd bought a new stake in Colliers International Group in the 3rd quarter valued at $112,000. Tobam increased its holdings in Colliers International Group by 12.0% in the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock valued at $124,000 after buying an additional 98 shares during the period. Venturi Wealth Management LLC bought a new stake in Colliers International Group in the 4th quarter valued at $145,000. Blue Trust Inc. increased its holdings in Colliers International Group by 65.1% in the 4th quarter. Blue Trust Inc. now owns 1,539 shares of the financial services provider’s stock valued at $209,000 after buying an additional 607 shares during the period. Finally, HighTower Advisors LLC increased its holdings in Colliers International Group by 13.6% in the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock valued at $323,000 after buying an additional 254 shares during the period. Institutional investors own 80.09% of the company’s stock.

Analyst Ratings Changes

CIGI has been the topic of several recent analyst reports. Royal Bank of Canada boosted their target price on shares of Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. William Blair restated an “outperform” rating on shares of Colliers International Group in a research note on Friday, February 28th. The Goldman Sachs Group initiated coverage on shares of Colliers International Group in a research note on Friday, December 6th. They issued a “neutral” rating and a $170.00 target price on the stock. National Bankshares reduced their target price on shares of Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Finally, CIBC initiated coverage on shares of Colliers International Group in a research note on Tuesday. They issued a “sector outperform” rating and a $160.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $167.67.

Colliers International Group Stock Down 2.8 %

Shares of NASDAQ CIGI opened at $124.48 on Friday. The firm’s 50-day simple moving average is $134.60 and its 200 day simple moving average is $142.79. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 39.02 and a beta of 1.49. The company has a quick ratio of 1.06, a current 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.

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

About Colliers International Group

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.