Colliers International Group Inc. (NASDAQ:CIGI) Stake Decreased by Fiera Capital Corp

Fiera Capital Corp reduced its position in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 18.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 131,852 shares of the financial services provider's stock after selling 30,826 shares during the quarter. Fiera Capital Corp owned about 0.27% of Colliers International Group worth $20,036,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CIGI. Empowered Funds LLC increased its holdings in Colliers International Group by 9.9% in the 1st quarter. Empowered Funds LLC now owns 7,178 shares of the financial services provider's stock valued at $877,000 after purchasing an additional 645 shares in the last quarter. Swiss National Bank increased its holdings in Colliers International Group by 0.5% in the 1st quarter. Swiss National Bank now owns 82,200 shares of the financial services provider's stock valued at $10,044,000 after purchasing an additional 400 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Colliers International Group by 33.9% in the 1st quarter. Russell Investments Group Ltd. now owns 16,473 shares of the financial services provider's stock valued at $2,015,000 after purchasing an additional 4,169 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Colliers International Group by 0.5% in the 1st quarter. William Blair Investment Management LLC now owns 115,699 shares of the financial services provider's stock valued at $14,142,000 after purchasing an additional 563 shares in the last quarter. Finally, Blair William & Co. IL increased its holdings in Colliers International Group by 13.6% in the 1st quarter. Blair William & Co. IL now owns 34,783 shares of the financial services provider's stock valued at $4,251,000 after purchasing an additional 4,170 shares in the last quarter. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CIGI has been the subject of several recent analyst reports. Royal Bank of Canada raised their target price on Colliers International Group from $160.00 to $174.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. National Bank Financial upgraded Colliers International Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Raymond James downgraded Colliers International Group from a "strong-buy" rating to an "outperform" rating and raised their target price for the company from $150.00 to $160.00 in a research note on Friday, August 2nd. National Bankshares lifted their price target on Colliers International Group from $125.00 to $137.00 and gave the stock a "sector perform" rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets lifted their price target on Colliers International Group from $163.00 to $164.00 and gave the stock an "outperform" rating in a research note on Friday, September 13th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $160.42.

Colliers International Group Stock Performance

NASDAQ CIGI traded up $0.63 during trading hours on Friday, reaching $151.85. The company's stock had a trading volume of 124,153 shares, compared to its average volume of 111,632. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.42. The business has a 50-day simple moving average of $148.53 and a 200 day simple moving average of $130.27. Colliers International Group Inc. has a 52 week low of $94.85 and a 52 week high of $156.96. The stock has a market cap of $7.46 billion, a PE ratio of 48.36 and a beta of 1.50.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the business earned $1.10 EPS. The business's revenue was up 11.7% on a year-over-year basis. Equities research analysts predict that Colliers International Group Inc. will post 5.63 earnings per share for the current fiscal year.

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.