Tacita Capital Inc Has $551,000 Stake in Colliers International Group Inc. (NASDAQ:CIGI)

Tacita Capital Inc trimmed its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 5.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,060 shares of the financial services provider’s stock after selling 214 shares during the period. Tacita Capital Inc’s holdings in Colliers International Group were worth $551,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Plato Investment Management Ltd purchased a new stake in Colliers International Group in the 3rd quarter valued at $112,000. Tobam raised its position in Colliers International Group by 12.0% in the 4th quarter. Tobam now owns 913 shares of the financial services provider’s stock valued at $124,000 after buying an additional 98 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in Colliers International Group in the 4th quarter valued at $145,000. Blue Trust Inc. raised its position in Colliers International Group by 65.1% in the 4th quarter. Blue Trust Inc. now owns 1,539 shares of the financial services provider’s stock valued at $209,000 after buying an additional 607 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in Colliers International Group by 13.6% in the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock valued at $323,000 after buying an additional 254 shares during the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

Colliers International Group Stock Down 1.9 %

CIGI stock opened at $125.72 on Tuesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 39.41 and a beta of 1.49. Colliers International Group Inc. has a fifty-two week low of $101.01 and a fifty-two week high of $156.96. The stock has a fifty day moving average of $135.19 and a 200-day moving average of $143.05.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. As a group, equities research analysts predict that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. StockNews.com lowered Colliers International Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. National Bankshares decreased their target price on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Royal Bank of Canada raised their target price on Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. William Blair reaffirmed an “outperform” rating on shares of Colliers International Group in a research report on Friday. Finally, JPMorgan Chase & Co. began coverage on Colliers International Group in a research report on Monday, December 16th. They set a “neutral” rating and a $167.00 target price for the company. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Colliers International Group has a consensus rating of “Moderate Buy” and an average price target of $168.63.

Colliers International Group Company 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.