17,001 Shares in Colliers International Group Inc. (NASDAQ:CIGI) Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans bought a new position in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 17,001 shares of the financial services provider's stock, valued at approximately $2,581,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CIGI. Empowered Funds LLC raised its position in shares of Colliers International Group by 60.5% during the 3rd quarter. Empowered Funds LLC now owns 12,415 shares of the financial services provider's stock valued at $1,885,000 after buying an additional 4,678 shares during the period. Addenda Capital Inc. raised its position in Colliers International Group by 20.6% in the second quarter. Addenda Capital Inc. now owns 153,625 shares of the financial services provider's stock valued at $17,152,000 after purchasing an additional 26,263 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of Colliers International Group in the 2nd quarter valued at $567,000. Bank of Montreal Can grew its holdings in shares of Colliers International Group by 0.9% during the 2nd quarter. Bank of Montreal Can now owns 689,358 shares of the financial services provider's stock worth $76,703,000 after purchasing an additional 6,178 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Colliers International Group by 67.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 49,715 shares of the financial services provider's stock worth $5,550,000 after purchasing an additional 20,000 shares during the period. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Stock Up 1.0 %

Shares of Colliers International Group stock traded up $1.52 during trading hours on Wednesday, reaching $153.02. 60,760 shares of the company were exchanged, compared to its average volume of 113,154. The firm has a market cap of $7.52 billion, a PE ratio of 48.25 and a beta of 1.50. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17. Colliers International Group Inc. has a 1 year low of $101.01 and a 1 year high of $156.96. The stock's fifty day moving average is $149.54 and its 200 day moving average is $133.82.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.17). The company had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.17 billion. Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. Colliers International Group's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 EPS. As a group, equities research analysts forecast that Colliers International Group Inc. will post 5.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CIGI shares. Raymond James cut shares of Colliers International Group from a "strong-buy" rating to an "outperform" rating and upped their target price for the company from $150.00 to $160.00 in a research report on Friday, August 2nd. BMO Capital Markets increased their price objective on shares of Colliers International Group from $163.00 to $164.00 and gave the stock an "outperform" rating in a research report on Friday, September 13th. StockNews.com lowered Colliers International Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Scotiabank upped their price target on Colliers International Group from $155.00 to $167.50 and gave the stock a "sector outperform" rating in a research note on Wednesday, November 6th. Finally, National Bank Financial raised Colliers International Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $160.42.

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.