Bank of Montreal Can Decreases Stake in Colliers International Group Inc. $CIGI

Bank of Montreal Can reduced its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 7.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 637,199 shares of the financial services provider’s stock after selling 48,931 shares during the period. Bank of Montreal Can owned 1.28% of Colliers International Group worth $99,635,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CIGI. JPMorgan Chase & Co. bought a new stake in Colliers International Group during the 2nd quarter valued at $39,000. EverSource Wealth Advisors LLC raised its stake in shares of Colliers International Group by 26.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 63 shares during the period. Sagard Holdings Management Inc. bought a new stake in shares of Colliers International Group during the 2nd quarter valued at $73,000. Blue Trust Inc. lifted its holdings in Colliers International Group by 17.1% during the 3rd quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 74 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in Colliers International Group during the 2nd quarter worth about $96,000. 80.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on CIGI shares. Scotiabank reduced their target price on Colliers International Group from $185.00 to $155.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Raymond James Financial cut their price objective on shares of Colliers International Group from $200.00 to $185.00 and set a “strong-buy” rating for the company in a research report on Tuesday, February 17th. National Bank Financial reduced their price objective on shares of Colliers International Group from $185.00 to $160.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colliers International Group in a report on Wednesday, January 21st. Finally, Stifel Nicolaus lowered their target price on shares of Colliers International Group from $195.00 to $175.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Colliers International Group currently has a consensus rating of “Moderate Buy” and an average price target of $170.00.

Colliers International Group Stock Performance

NASDAQ:CIGI opened at $109.69 on Thursday. The stock has a market cap of $5.46 billion, a P/E ratio of 54.57 and a beta of 1.40. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. The business’s 50-day moving average price is $131.18 and its two-hundred day moving average price is $146.12. Colliers International Group Inc. has a twelve month low of $98.97 and a twelve month high of $171.51.

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.