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

Tacita Capital Inc decreased its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,060 shares of the financial services provider’s stock after selling 214 shares during the quarter. Tacita Capital Inc’s holdings in Colliers International Group were worth $551,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Plato Investment Management Ltd acquired a new position in Colliers International Group during the third quarter worth about $112,000. Tobam raised its stake in Colliers International Group by 12.0% during the fourth quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 98 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in Colliers International Group during the fourth quarter worth about $145,000. Blue Trust Inc. raised its stake in Colliers International Group by 65.1% during the fourth quarter. Blue Trust Inc. now owns 1,539 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 607 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in Colliers International Group by 13.6% during the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 254 shares in the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Wall Street Analyst Weigh In

CIGI has been the subject of several research analyst reports. The Goldman Sachs Group initiated coverage on Colliers International Group in a research note on Friday, December 6th. They set a “neutral” rating and a $170.00 target price for the company. BMO Capital Markets lowered their price objective on Colliers International Group from $177.00 to $172.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. William Blair reaffirmed an “outperform” rating on shares of Colliers International Group in a research note on Friday. Finally, Royal Bank of Canada upped their price objective on Colliers International Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Colliers International Group has a consensus rating of “Moderate Buy” and a consensus target price of $168.63.

Colliers International Group Stock Performance

Shares of CIGI stock opened at $125.72 on Tuesday. The business’s 50 day simple moving average is $135.19 and its 200 day simple moving average is $143.05. Colliers International Group Inc. has a one year low of $101.01 and a one year high of $156.96. The stock has a market capitalization of $6.36 billion, a PE ratio of 39.41 and a beta of 1.49. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06.

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

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.