Colliers International Group Inc. $CIGI Stock Position Lifted by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC grew its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 84,045 shares of the financial services provider’s stock after purchasing an additional 2,350 shares during the quarter. Ceredex Value Advisors LLC owned 0.17% of Colliers International Group worth $10,971,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Colliers International Group during the first quarter valued at approximately $33,000. JPMorgan Chase & Co. bought a new stake in Colliers International Group in the second quarter worth approximately $39,000. State of Wyoming acquired a new position in Colliers International Group during the first quarter worth $52,000. Vanguard Personalized Indexing Management LLC increased its holdings 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 valued at $273,000 after acquiring an additional 397 shares during the last quarter. Finally, Vident Advisory LLC raised its position in shares of Colliers International Group by 34.8% in the first quarter. Vident Advisory LLC now owns 2,335 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 603 shares during the period. 80.09% of the stock is currently owned by institutional investors.

Colliers International Group Trading Down 0.1%

CIGI stock opened at $143.98 on Friday. Colliers International Group Inc. has a one year low of $100.86 and a one year high of $171.51. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of 65.45 and a beta of 1.47. The company has a fifty day moving average price of $153.24 and a two-hundred day moving average price of $146.51. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.17 and a quick ratio of 1.17.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CIGI shares. Scotiabank raised their price target on shares of Colliers International Group from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Colliers International Group in a research note on Wednesday, October 8th. CIBC lifted their target price on shares of Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Raymond James Financial upped their price target on shares of Colliers International Group from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Finally, Stifel Nicolaus raised their price target on Colliers International Group from $180.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. One 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. According to MarketBeat.com, the company presently 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.