Colliers International Group Inc. (NASDAQ:CIGI) Shares Acquired by Argent Capital Management LLC

Argent Capital Management LLC increased its holdings in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 30.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 38,477 shares of the financial services provider's stock after acquiring an additional 8,869 shares during the period. Argent Capital Management LLC owned approximately 0.08% of Colliers International Group worth $5,841,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CIGI. Addenda Capital Inc. boosted its position in shares of Colliers International Group by 8.8% during the first quarter. Addenda Capital Inc. now owns 127,362 shares of the financial services provider's stock worth $15,567,000 after buying an additional 10,340 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Colliers International Group by 33.9% during the first quarter. Russell Investments Group Ltd. now owns 16,473 shares of the financial services provider's stock worth $2,015,000 after buying an additional 4,169 shares during the period. Blair William & Co. IL boosted its position in shares of Colliers International Group by 13.6% during the first quarter. Blair William & Co. IL now owns 34,783 shares of the financial services provider's stock worth $4,251,000 after buying an additional 4,170 shares during the period. Swiss National Bank boosted its position in shares of Colliers International Group by 0.5% during the first quarter. Swiss National Bank now owns 82,200 shares of the financial services provider's stock worth $10,044,000 after buying an additional 400 shares during the period. Finally, Hantz Financial Services Inc. purchased a new position in shares of Colliers International Group during the second quarter worth $567,000. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

Colliers International Group Stock Up 4.8 %

Colliers International Group stock traded up $7.12 during midday trading on Thursday, reaching $154.91. The company's stock had a trading volume of 235,027 shares, compared to its average volume of 113,406. Colliers International Group Inc. has a fifty-two week low of $83.38 and a fifty-two week high of $155.09. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.13. The company has a market cap of $7.58 billion, a P/E ratio of 72.09 and a beta of 1.49. The business has a 50-day simple moving average of $145.98 and a 200-day simple moving average of $126.98.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.01). Colliers International Group had a net margin of 3.20% and a return on equity of 23.60%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business earned $1.21 earnings per share. The firm's quarterly revenue was up 5.7% on a year-over-year basis. On average, research analysts expect that Colliers International Group Inc. will post 5.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Raymond James lowered Colliers International Group from a "strong-buy" rating to an "outperform" rating and raised their price target for the stock from $150.00 to $160.00 in a research report on Friday, August 2nd. Royal Bank of Canada lifted their target price on Colliers International Group from $160.00 to $174.00 and gave the company an "outperform" rating in a report on Monday. BMO Capital Markets lifted their target price on Colliers International Group from $163.00 to $164.00 and gave the company an "outperform" rating in a report on Friday, September 13th. Stifel Nicolaus lifted their target price on Colliers International Group from $155.00 to $160.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Finally, National Bankshares lifted their target price on Colliers International Group from $125.00 to $137.00 and gave the company a "sector perform" rating in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Colliers International Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.33.

Colliers International Group 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.