Colliers International Group Inc. (NASDAQ:CIGI) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. lessened its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 7.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,500 shares of the financial services provider's stock after selling 4,920 shares during the period. Intact Investment Management Inc. owned about 0.12% of Colliers International Group worth $8,727,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in Colliers International Group by 47.6% during the second quarter. The Manufacturers Life Insurance Company now owns 1,011,898 shares of the financial services provider's stock valued at $112,834,000 after acquiring an additional 326,453 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Colliers International Group by 91.3% during the second quarter. Clearbridge Investments LLC now owns 310,602 shares of the financial services provider's stock valued at $34,677,000 after acquiring an additional 148,265 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Colliers International Group during the 1st quarter valued at $7,092,000. Victory Capital Management Inc. raised its position in Colliers International Group by 5.9% in the 2nd quarter. Victory Capital Management Inc. now owns 743,150 shares of the financial services provider's stock worth $82,973,000 after buying an additional 41,225 shares during the last quarter. Finally, Addenda Capital Inc. raised its holdings in shares of Colliers International Group by 20.6% during the second quarter. Addenda Capital Inc. now owns 153,625 shares of the financial services provider's stock valued at $17,152,000 after purchasing an additional 26,263 shares during the last quarter. Institutional investors own 80.09% of the company's stock.

Colliers International Group Stock Up 1.4 %

CIGI traded up $2.09 during trading hours on Monday, hitting $154.03. 108,439 shares of the company's stock were exchanged, compared to its average volume of 112,609. The firm has a market cap of $7.57 billion, a P/E ratio of 52.49 and a beta of 1.50. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.13. Colliers International Group Inc. has a 12-month low of $94.85 and a 12-month high of $156.29. The firm has a 50 day moving average of $147.86 and a 200 day moving average of $129.07.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.01). Colliers International Group had a return on equity of 23.60% and a net margin of 3.20%. The firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the previous year, the business posted $1.21 EPS. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts predict that Colliers International Group Inc. will post 5.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CIGI shares. Scotiabank lifted their price objective on Colliers International Group from $150.00 to $155.00 and gave the company a "sector outperform" rating in a research report on Friday, August 2nd. BMO Capital Markets lifted their target price on Colliers International Group from $163.00 to $164.00 and gave the stock an "outperform" rating in a report on Friday, September 13th. Royal Bank of Canada lifted their target price on Colliers International Group from $160.00 to $174.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. National Bankshares lifted their price objective on Colliers International Group from $125.00 to $137.00 and gave the company a "sector perform" rating in a report on Friday, August 2nd. Finally, Raymond James lowered Colliers International Group from a "strong-buy" rating to an "outperform" rating and lifted their target price for the company from $150.00 to $160.00 in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Colliers International Group presently has a consensus rating of "Moderate Buy" and an average target price of $158.33.

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.