Victory Capital Management Inc. Has $109.39 Million Position in Colliers International Group Inc. (NASDAQ:CIGI)

Victory Capital Management Inc. lessened its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 720,585 shares of the financial services provider’s stock after selling 22,565 shares during the period. Victory Capital Management Inc. owned 1.47% of Colliers International Group worth $109,392,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. grew its stake in Colliers International Group by 3,377.8% in the 2nd quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock valued at $38,000 after buying an additional 304 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Colliers International Group by 93.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 469 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 226 shares during the last quarter. Bayesian Capital Management LP bought a new position in shares of Colliers International Group in the first quarter worth about $205,000. Motco acquired a new position in shares of Colliers International Group during the 1st quarter worth about $237,000. Finally, Stonegate Investment Group LLC bought a new stake in Colliers International Group during the 3rd quarter valued at approximately $264,000. Institutional investors own 80.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. BMO Capital Markets upped their price target on Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a report on Friday, September 13th. Scotiabank increased their price target on shares of Colliers International Group from $155.00 to $167.50 and gave the company a “sector outperform” rating in a report on Wednesday, November 6th. StockNews.com downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Raymond James cut shares of Colliers International Group from a “strong-buy” rating to an “outperform” rating and increased their target price for the company from $150.00 to $160.00 in a research note on Friday, August 2nd. Finally, Stifel Nicolaus boosted their price target on Colliers International Group from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Colliers International Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.42.

Colliers International Group Stock Performance

NASDAQ:CIGI opened at $149.50 on Wednesday. The firm has a market capitalization of $7.34 billion, a PE ratio of 47.61 and a beta of 1.50. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.42. Colliers International Group Inc. has a 12-month low of $94.98 and a 12-month high of $156.96. The firm has a 50-day moving average price of $148.83 and a 200 day moving average price of $131.16.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.17). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the business earned $1.10 EPS. Colliers International Group’s quarterly revenue was up 11.7% compared to the same quarter last year. Research analysts anticipate that Colliers International Group Inc. will post 5.63 earnings per share for the current fiscal year.

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.