Fiera Capital Corp Sells 42,383 Shares of Colliers International Group Inc. $CIGI

Fiera Capital Corp reduced its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 32.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,884 shares of the financial services provider’s stock after selling 42,383 shares during the quarter. Fiera Capital Corp owned approximately 0.18% of Colliers International Group worth $11,361,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TCTC Holdings LLC raised its holdings in Colliers International Group by 114.9% in the first quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 116 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Colliers International Group in the 1st quarter valued at about $33,000. State of Wyoming purchased a new position in shares of Colliers International Group in the 1st quarter worth approximately $52,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Colliers International Group by 13.9% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,435 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 175 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Colliers International Group by 23.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,090 shares of the financial services provider’s stock worth $273,000 after acquiring an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Colliers International Group Price Performance

Shares of CIGI opened at $148.15 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.17 and a quick ratio of 1.17. The company’s fifty day moving average price is $158.77 and its 200-day moving average price is $144.99. Colliers International Group Inc. has a 1-year low of $100.86 and a 1-year high of $171.51. The firm has a market capitalization of $7.35 billion, a PE ratio of 67.34 and a beta of 1.47.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CIGI shares. Scotiabank raised their target price on shares of Colliers International Group from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, September 16th. JPMorgan Chase & Co. increased their price objective on Colliers International Group from $137.00 to $181.00 and gave the company a “neutral” rating in a report on Tuesday, August 26th. Raymond James Financial raised their price objective on Colliers International Group from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Royal Bank Of Canada boosted their target price on Colliers International Group from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Finally, CIBC increased their price target on Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $175.70.

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.