Fiera Capital Corp Has $18.17 Million Stake in Colliers International Group Inc. (NASDAQ:CIGI)

Fiera Capital Corp lowered its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 21.7% during the second quarter, Holdings Channel.com reports. The firm owned 162,678 shares of the financial services provider’s stock after selling 45,166 shares during the period. Fiera Capital Corp’s holdings in Colliers International Group were worth $18,174,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CIGI. Whittier Trust Co. of Nevada Inc. lifted its position in Colliers International Group by 575.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock worth $30,000 after buying an additional 207 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Colliers International Group by 3,377.8% during the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 304 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Colliers International Group by 252.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 316 shares during the last quarter. Security National Bank acquired a new stake in shares of Colliers International Group in the fourth quarter valued at approximately $70,000. Finally, Central Pacific Bank Trust Division bought a new position in Colliers International Group in the 1st quarter worth approximately $118,000. Institutional investors own 80.09% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. StockNews.com upgraded Colliers International Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 28th. Stifel Nicolaus lifted their price objective on Colliers International Group from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. BMO Capital Markets boosted their price objective on Colliers International Group from $140.00 to $163.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Royal Bank of Canada raised their target price on shares of Colliers International Group from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Scotiabank boosted their price target on shares of Colliers International Group from $150.00 to $155.00 and gave the stock a “sector outperform” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.83.

Colliers International Group Stock Performance

Shares of CIGI stock opened at $140.74 on Wednesday. The stock has a market cap of $6.88 billion, a PE ratio of 68.65 and a beta of 1.50. The stock has a 50-day moving average of $130.62 and a 200-day moving average of $120.08. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.03 and a quick ratio of 1.03. Colliers International Group Inc. has a one year low of $83.38 and a one year high of $147.53.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Thursday, August 1st. The financial services provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.11 billion. Colliers International Group had a net margin of 3.20% and a return on equity of 23.60%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 EPS. As a group, sell-side analysts expect that Colliers International Group Inc. will post 5.51 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.