Colliers International Group Inc. (NASDAQ:CIGI) Position Boosted by Argent Capital Management LLC

Argent Capital Management LLC lifted its position in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 16.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,807 shares of the financial services provider's stock after acquiring an additional 6,330 shares during the period. Argent Capital Management LLC owned about 0.09% of Colliers International Group worth $6,092,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CIGI. Janus Henderson Group PLC acquired a new stake in shares of Colliers International Group during the 3rd quarter valued at approximately $69,920,000. Franklin Resources Inc. lifted its stake in Colliers International Group by 100.8% in the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock valued at $102,261,000 after buying an additional 340,691 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Colliers International Group by 47.6% in the second quarter. The Manufacturers Life Insurance Company now owns 1,011,898 shares of the financial services provider's stock valued at $112,834,000 after buying an additional 326,453 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Colliers International Group by 91.3% in the second quarter. Clearbridge Investments LLC now owns 310,602 shares of the financial services provider's stock valued at $34,677,000 after buying an additional 148,265 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its stake in Colliers International Group by 55.5% in the third quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider's stock valued at $54,461,000 after buying an additional 128,005 shares during the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CIGI has been the topic of a number of recent research reports. The Goldman Sachs Group initiated coverage on Colliers International Group in a research note on Friday, December 6th. They issued a "neutral" rating and a $170.00 target price on the stock. National Bank Financial upgraded Colliers International Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 5th. Royal Bank of Canada raised their target price on Colliers International Group from $160.00 to $174.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. JPMorgan Chase & Co. started coverage on shares of Colliers International Group in a research note on Monday, December 16th. They set a "neutral" rating and a $167.00 price objective on the stock. Finally, Scotiabank lifted their price objective on shares of Colliers International Group from $155.00 to $167.50 and gave the company a "sector outperform" rating in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $162.44.

Colliers International Group Price Performance

NASDAQ:CIGI traded up $1.76 during mid-day trading on Thursday, reaching $136.85. 55,418 shares of the stock were exchanged, compared to its average volume of 99,671. The business has a fifty day moving average price of $142.99 and a 200 day moving average price of $141.17. The firm has a market capitalization of $6.90 billion, a PE ratio of 43.58 and a beta of 1.49. Colliers International Group Inc. has a 1-year low of $101.01 and a 1-year high of $156.96. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.17). The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates 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 was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 earnings per share. Research analysts expect that Colliers International Group Inc. will post 5.41 earnings per share for the current fiscal year.

Colliers International Group Dividend Announcement

The business also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a $0.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a yield of 0.2%. Colliers International Group's dividend payout ratio is currently 9.55%.

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.