Victory Capital Management Inc. Raises Stock Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Victory Capital Management Inc. boosted its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 710,420 shares of the financial services provider’s stock after acquiring an additional 61,295 shares during the quarter. Victory Capital Management Inc. owned 1.54% of Colliers International Group worth $89,882,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CIGI. Tobam bought a new position in shares of Colliers International Group in the fourth quarter worth about $58,000. Compass Ion Advisors LLC purchased a new stake in shares of Colliers International Group in the third quarter valued at approximately $219,000. Cornerstone Investment Partners LLC bought a new position in Colliers International Group in the fourth quarter worth approximately $252,000. Whittier Trust Co. raised its position in Colliers International Group by 12.8% during the 3rd quarter. Whittier Trust Co. now owns 2,781 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 315 shares in the last quarter. Finally, Bank of Nova Scotia increased its stake in shares of Colliers International Group by 7.2% during 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 during the period. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Price Performance

Shares of Colliers International Group stock opened at $107.98 on Friday. The stock has a market capitalization of $5.28 billion, a P/E ratio of 52.67 and a beta of 1.50. The business has a 50 day simple moving average of $115.46 and a two-hundred day simple moving average of $112.31. Colliers International Group Inc. has a 12 month low of $83.38 and a 12 month high of $131.05. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.02 and a quick ratio of 1.02.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.83 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.01). The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.20 billion. Colliers International Group had a net margin of 2.25% and a return on equity of 29.59%. As a group, analysts predict that Colliers International Group Inc. will post 5.56 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. BMO Capital Markets increased their target price on shares of 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 lifted their target price 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 lowered their price target on shares of 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. Raymond James boosted their price objective on Colliers International Group from $140.00 to $145.00 and gave the company a “strong-buy” rating in a report on Friday, February 9th. Finally, Royal Bank of Canada dropped their target price on Colliers International Group from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Colliers International Group has an average rating of “Moderate Buy” and an average price target of $137.57.

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.