Acadian Asset Management LLC Decreases Holdings in Colliers International Group Inc. $CIGI

Acadian Asset Management LLC trimmed its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 13.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,079 shares of the financial services provider’s stock after selling 16,424 shares during the period. Acadian Asset Management LLC owned about 0.22% of Colliers International Group worth $14,362,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Investment Partners LLC raised its position in Colliers International Group by 3.6% in the second quarter. Cornerstone Investment Partners LLC now owns 2,193 shares of the financial services provider’s stock worth $286,000 after acquiring an additional 77 shares during the period. Bank of Montreal Can raised its holdings in shares of Colliers International Group by 0.4% in the 2nd quarter. Bank of Montreal Can now owns 686,130 shares of the financial services provider’s stock worth $89,830,000 after purchasing an additional 2,943 shares during the period. Versor Investments LP raised its holdings in shares of Colliers International Group by 234.5% in the 2nd quarter. Versor Investments LP now owns 5,831 shares of the financial services provider’s stock worth $763,000 after purchasing an additional 4,088 shares during the period. Envestnet Asset Management Inc. lifted its stake in Colliers International Group by 57.5% in the second quarter. Envestnet Asset Management Inc. now owns 7,358 shares of the financial services provider’s stock valued at $961,000 after purchasing an additional 2,685 shares during the last quarter. Finally, Whittier Trust Co. grew its holdings in Colliers International Group by 10.5% during the second quarter. Whittier Trust Co. now owns 5,388 shares of the financial services provider’s stock valued at $703,000 after purchasing an additional 510 shares during the period. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Stock Up 0.5%

CIGI stock opened at $151.97 on Wednesday. The stock has a 50-day simple moving average of $159.30 and a two-hundred day simple moving average of $144.92. Colliers International Group Inc. has a twelve month low of $100.86 and a twelve month high of $171.51. The firm has a market capitalization of $7.54 billion, a PE ratio of 69.08 and a beta of 1.47. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.24.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CIGI. Stifel Nicolaus boosted their target price on Colliers International Group from $180.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. National Bankshares boosted their price objective on Colliers International Group from $169.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Raymond James Financial upped their price objective on shares of Colliers International Group from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Colliers International Group from $137.00 to $181.00 and gave the company a “neutral” rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $175.70.

Colliers International Group Profile

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.