Colliers International Group Inc. (NASDAQ:CIGI) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 1.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 697,015 shares of the financial services provider's stock after purchasing an additional 7,815 shares during the quarter. Victory Capital Management Inc. owned about 1.41% of Colliers International Group worth $84,548,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FIL Ltd grew its stake in shares of Colliers International Group by 116.5% in the fourth quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider's stock valued at $210,449,000 after buying an additional 832,583 shares in the last quarter. Norges Bank acquired a new position in shares of Colliers International Group during the 4th quarter worth approximately $74,615,000. Artisan Partners Limited Partnership raised its holdings in Colliers International Group by 67.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 436,397 shares of the financial services provider's stock valued at $59,320,000 after acquiring an additional 176,232 shares during the last quarter. Durable Capital Partners LP increased its holdings in shares of Colliers International Group by 4.0% during the 4th quarter. Durable Capital Partners LP now owns 2,644,327 shares of the financial services provider's stock worth $359,549,000 after buying an additional 102,586 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in Colliers International Group by 288.0% during the 4th quarter. Nuveen Asset Management LLC now owns 126,451 shares of the financial services provider's stock worth $17,187,000 after purchasing an additional 93,864 shares during the period. Hedge funds and other institutional investors own 80.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective 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. 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 report on Monday, April 28th. JMP Securities started coverage on shares of Colliers International Group in a research report on Monday. They set a "market perform" rating on the stock. Scotiabank dropped their target price on shares of Colliers International Group from $165.00 to $155.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Finally, Citizens Jmp assumed coverage on shares of Colliers International Group in a report on Monday. They issued a "market perform" rating for the company. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $160.80.

Colliers International Group Stock Up 1.0%

Shares of NASDAQ:CIGI traded up $1.32 on Monday, hitting $139.65. 151,050 shares of the company traded hands, compared to its average volume of 120,479. The company has a market cap of $6.89 billion, a PE ratio of 49.00 and a beta of 1.39. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.24. The stock has a 50 day simple moving average of $128.19 and a 200-day simple moving average of $126.86. Colliers International Group Inc. has a 52 week low of $100.86 and a 52 week high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its earnings results on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.04). Colliers International Group had a net margin of 2.92% and a return on equity of 20.20%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm posted $0.77 EPS. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, research analysts expect that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

Colliers International Group Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were issued a $0.15 dividend. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, June 30th. Colliers International Group's dividend payout ratio is presently 10.53%.

Colliers International Group Company 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.