Victory Capital Management Inc. Reduces Position in Colliers International Group Inc. (NASDAQ:CIGI)

Victory Capital Management Inc. decreased its holdings in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 689,200 shares of the financial services provider's stock after selling 31,385 shares during the quarter. Victory Capital Management Inc. owned 1.40% of Colliers International Group worth $93,711,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Plato Investment Management Ltd purchased a new stake in Colliers International Group in the third quarter worth about $112,000. Tobam increased its holdings in Colliers International Group by 12.0% in the 4th quarter. Tobam now owns 913 shares of the financial services provider's stock worth $124,000 after acquiring an additional 98 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in Colliers International Group in the 4th quarter worth approximately $145,000. Blue Trust Inc. raised its stake in Colliers International Group by 65.1% during the 4th quarter. Blue Trust Inc. now owns 1,539 shares of the financial services provider's stock worth $209,000 after acquiring an additional 607 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in Colliers International Group by 13.6% during the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider's stock valued at $323,000 after purchasing an additional 254 shares in the last quarter. 80.09% of the stock is currently owned by institutional investors.

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Colliers International Group Price Performance

Shares of Colliers International Group stock traded down $1.42 during trading hours on Monday, reaching $122.77. The company's stock had a trading volume of 339,175 shares, compared to its average volume of 112,219. The firm has a 50 day moving average price of $134.14 and a 200-day moving average price of $142.58. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $6.05 billion, a P/E ratio of 38.49 and a beta of 1.58. Colliers International Group Inc. has a one year low of $101.01 and a one year high of $156.96.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. On average, analysts predict that Colliers International Group Inc. will post 6.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CIGI shares. The Goldman Sachs Group started coverage on shares of Colliers International Group in a research report on Friday, December 6th. They set a "neutral" rating and a $170.00 price objective on the stock. Scotiabank lowered their price objective on Colliers International Group from $170.00 to $166.00 and set a "sector outperform" rating on the stock in a research report on Friday, February 7th. JPMorgan Chase & Co. assumed coverage on Colliers International Group in a research report on Monday, December 16th. They set a "neutral" rating and a $167.00 target price for the company. CIBC started coverage on Colliers International Group in a report on Tuesday, March 4th. They issued a "sector outperform" rating and a $160.00 price target on the stock. Finally, National Bankshares cut their price objective on shares of Colliers International Group from $182.00 to $169.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $166.90.

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.