Victory Capital Management Inc. boosted its position in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 9.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 710,420 shares of the financial services provider's stock after acquiring an additional 61,295 shares during the period. Victory Capital Management Inc. owned about 1.54% of Colliers International Group worth $89,882,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Bank of Nova Scotia raised its stake in Colliers International Group by 7.2% in the third quarter. Bank of Nova Scotia now owns 2,796 shares of the financial services provider's stock valued at $266,000 after buying an additional 187 shares in the last quarter. Blair William & Co. IL raised its stake in Colliers International Group by 0.9% in the third quarter. Blair William & Co. IL now owns 26,437 shares of the financial services provider's stock valued at $2,518,000 after buying an additional 241 shares in the last quarter. Whittier Trust Co. raised its stake in Colliers International Group by 12.8% in the third quarter. Whittier Trust Co. now owns 2,781 shares of the financial services provider's stock valued at $265,000 after buying an additional 315 shares in the last quarter. Compass Ion Advisors LLC raised its stake in Colliers International Group by 16.5% in the fourth quarter. Compass Ion Advisors LLC now owns 2,681 shares of the financial services provider's stock valued at $339,000 after buying an additional 380 shares in the last quarter. Finally, Tobam acquired a new stake in Colliers International Group in the fourth quarter valued at $58,000. 80.09% of the stock is owned by hedge funds and other institutional investors.
Colliers International Group Stock Performance
Shares of NASDAQ CIGI traded up $3.37 during midday trading on Friday, reaching $107.98. 183,399 shares of the company were exchanged, compared to its average volume of 120,885. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.76. Colliers International Group Inc. has a 1 year low of $83.38 and a 1 year high of $131.05. The stock has a fifty day simple moving average of $115.46 and a 200 day simple moving average of $112.46. The stock has a market cap of $5.28 billion, a P/E ratio of 52.67 and a beta of 1.50.
Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.84 by ($0.01). The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.20 billion. Colliers International Group had a return on equity of 29.59% and a net margin of 2.25%. On average, research analysts forecast that Colliers International Group Inc. will post 5.56 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on CIGI shares. Royal Bank of Canada dropped their price objective on Colliers International Group from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday. BMO Capital Markets raised their price objective on Colliers International Group from $129.00 to $137.00 and gave the stock an "outperform" rating in a report on Friday, February 9th. Stifel Nicolaus raised their price objective on Colliers International Group from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. Scotiabank dropped their price objective on Colliers International Group from $140.00 to $135.00 and set a "sector outperform" rating on the stock in a report on Wednesday, April 17th. Finally, Raymond James raised their price objective on Colliers International Group from $140.00 to $145.00 and gave the stock a "strong-buy" rating in a report on Friday, February 9th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $137.57.
Check Out Our Latest Research Report on CIGI
About Colliers International Group
(
Free Report)
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.
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