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

Thrivent Financial for Lutherans purchased a new stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 17,001 shares of the financial services provider’s stock, valued at approximately $2,581,000.

Several other large investors also recently bought and sold shares of CIGI. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Colliers International Group by 26.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 124 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Colliers International Group by 2.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,055 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 238 shares during the period. Whittier Trust Co. lifted its stake in Colliers International Group by 8.4% in the third quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider’s stock valued at $540,000 after buying an additional 277 shares during the last quarter. Blue Trust Inc. lifted its stake in Colliers International Group by 3,377.8% in the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock valued at $38,000 after buying an additional 304 shares during the last quarter. Finally, Plato Investment Management Ltd acquired a new stake in shares of Colliers International Group in the third quarter valued at approximately $112,000. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Price Performance

Shares of NASDAQ:CIGI opened at $151.50 on Wednesday. Colliers International Group Inc. has a 52 week low of $101.01 and a 52 week high of $156.96. The company has a 50-day moving average price of $149.41 and a 200 day moving average price of $133.55. The company has a market cap of $7.44 billion, a P/E ratio of 48.40 and a beta of 1.50. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.42.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 earnings per share. Research analysts predict that Colliers International Group Inc. will post 5.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CIGI. National Bankshares lifted their target price on shares of Colliers International Group from $125.00 to $137.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd. Stifel Nicolaus upped their target price on shares of Colliers International Group from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Royal Bank of Canada raised their price target on Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. BMO Capital Markets boosted their price target on Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a research report on Friday, September 13th. Finally, National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.