Colliers International Group Inc. $CIGI Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 44.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 385,570 shares of the financial services provider’s stock after selling 313,335 shares during the quarter. Victory Capital Management Inc.’s holdings in Colliers International Group were worth $60,230,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its holdings in Colliers International Group by 78.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 129,415 shares of the financial services provider’s stock valued at $15,698,000 after buying an additional 56,755 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Colliers International Group by 1.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 45,408 shares of the financial services provider’s stock worth $5,508,000 after acquiring an additional 505 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Colliers International Group by 57.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,358 shares of the financial services provider’s stock valued at $961,000 after buying an additional 2,685 shares during the period. Cornerstone Investment Partners LLC increased its holdings in shares of Colliers International Group by 3.6% during the 2nd quarter. Cornerstone Investment Partners LLC now owns 2,193 shares of the financial services provider’s stock worth $286,000 after buying an additional 77 shares during the last quarter. Finally, Greenland Capital Management LP purchased a new position in shares of Colliers International Group in the 2nd quarter worth $2,886,000. 80.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on CIGI shares. Royal Bank Of Canada cut their price target on shares of Colliers International Group from $190.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. Zacks Research cut shares of Colliers International Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Raymond James Financial dropped their target price on Colliers International Group from $200.00 to $185.00 and set a “strong-buy” rating on the stock in a report on Tuesday, February 17th. National Bank Financial decreased their price target on Colliers International Group from $185.00 to $160.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Finally, Scotiabank dropped their price objective on shares of Colliers International Group from $185.00 to $155.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Colliers International Group currently has an average rating of “Moderate Buy” and a consensus target price of $170.00.

Colliers International Group Stock Performance

Colliers International Group stock opened at $116.05 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.10. The company has a fifty day moving average price of $133.32 and a two-hundred day moving average price of $147.32. Colliers International Group Inc. has a 12 month low of $98.97 and a 12 month high of $171.51. The company has a market cap of $5.78 billion, a PE ratio of 57.74 and a beta of 1.40.

About Colliers International Group

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.