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

Victory Capital Management Inc. reduced its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 3.0% during the 3rd quarter, according to its most recent 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 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in shares of 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 worth $112,834,000 after acquiring an additional 326,453 shares during the last quarter. Clearbridge Investments LLC grew its position in shares of Colliers International Group by 91.3% in the second quarter. Clearbridge Investments LLC now owns 310,602 shares of the financial services provider's stock valued at $34,677,000 after purchasing an additional 148,265 shares in the last quarter. Intact Investment Management Inc. purchased a new stake in Colliers International Group during the second quarter valued at about $6,970,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Colliers International Group in the first quarter worth about $7,092,000. Finally, Addenda Capital Inc. lifted its holdings in Colliers International Group by 20.6% in the second quarter. Addenda Capital Inc. now owns 153,625 shares of the financial services provider's stock worth $17,152,000 after buying an additional 26,263 shares during the period. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on CIGI shares. BMO Capital Markets raised their price objective on Colliers International Group from $163.00 to $164.00 and gave the company an "outperform" rating in a research report on Friday, September 13th. Royal Bank of Canada boosted their price target 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. StockNews.com lowered Colliers International Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Scotiabank boosted their target price on Colliers International Group from $155.00 to $167.50 and gave the stock a "sector outperform" rating in a report on Wednesday, November 6th. Finally, National Bank Financial upgraded shares of Colliers International Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $160.42.

Colliers International Group Price Performance

Shares of CIGI traded down $0.35 during trading hours on Wednesday, reaching $149.15. The company had a trading volume of 16,672 shares, compared to its average volume of 113,800. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 47.26 and a beta of 1.50. Colliers International Group Inc. has a 12-month low of $98.74 and a 12-month high of $156.96. The firm has a 50 day simple moving average of $148.83 and a 200-day simple moving average of $131.16. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.42.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released 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). The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The business's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 earnings per share. Research analysts expect that Colliers International Group Inc. will post 5.44 earnings per share for the current year.

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.