Victory Capital Management Inc. Increases Position in Colliers International Group Inc. (NASDAQ:CIGI)

Victory Capital Management Inc. boosted its position in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 1.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 697,015 shares of the financial services provider's stock after acquiring an additional 7,815 shares during the period. Victory Capital Management Inc. owned 1.41% of Colliers International Group worth $84,548,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in shares of Colliers International Group by 1,752.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock worth $43,000 after buying an additional 298 shares during the last quarter. Central Pacific Bank Trust Division grew its position in Colliers International Group by 10.0% during the first quarter. Central Pacific Bank Trust Division now owns 1,100 shares of the financial services provider's stock valued at $133,000 after buying an additional 100 shares during the period. CIBC Private Wealth Group LLC grew its position in Colliers International Group by 44.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,220 shares of the financial services provider's stock valued at $164,000 after buying an additional 378 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in Colliers International Group by 112.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,260 shares of the financial services provider's stock valued at $171,000 after buying an additional 667 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Colliers International Group in the fourth quarter valued at about $180,000. Hedge funds and other institutional investors own 80.09% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Colliers International Group from $165.00 to $160.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Scotiabank reduced their target price on shares of Colliers International Group from $165.00 to $155.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Colliers International Group from $167.00 to $142.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Colliers International Group has an average rating of "Moderate Buy" and an average price target of $160.80.

Colliers International Group Stock Down 0.2%

Shares of NASDAQ:CIGI traded down $0.25 during trading hours on Friday, reaching $138.33. The stock had a trading volume of 73,323 shares, compared to its average volume of 120,356. Colliers International Group Inc. has a 1 year low of $100.86 and a 1 year high of $156.96. The firm's 50 day moving average is $128.19 and its 200-day moving average is $126.91. 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 $6.83 billion, a price-to-earnings ratio of 48.54 and a beta of 1.39.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its earnings results on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.04). The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.15 billion. Colliers International Group had a net margin of 2.92% and a return on equity of 20.20%. The company's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.77 EPS. Research analysts predict that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Colliers International Group Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were paid a dividend of $0.15 per share. This represents a yield of 0.2%. The ex-dividend date was Monday, June 30th. Colliers International Group's dividend payout ratio is currently 10.53%.

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.