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

Argent Capital Management LLC grew its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 30.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,477 shares of the financial services provider’s stock after purchasing an additional 8,869 shares during the period. Argent Capital Management LLC owned approximately 0.08% of Colliers International Group worth $5,841,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. lifted its stake in Colliers International Group by 575.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 207 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Colliers International Group by 3,377.8% during the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 304 shares during the period. PNC Financial Services Group Inc. grew its position in Colliers International Group by 252.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 316 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in Colliers International Group in the 1st quarter valued at approximately $118,000. Finally, Tobam lifted its position in Colliers International Group by 185.5% in the 1st quarter. Tobam now owns 1,302 shares of the financial services provider’s stock worth $159,000 after buying an additional 846 shares in the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Stock Performance

CIGI traded up $3.84 on Thursday, hitting $151.63. The company had a trading volume of 72,223 shares, compared to its average volume of 112,610. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 72.09 and a beta of 1.49. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.03 and a quick ratio of 1.03. The company’s fifty day moving average price is $145.98 and its 200 day moving average price is $126.98. Colliers International Group Inc. has a 1-year low of $83.38 and a 1-year high of $154.34.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.01). The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. Colliers International Group had a return on equity of 23.60% and a net margin of 3.20%. Colliers International Group’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.21 earnings per share. Equities analysts predict that Colliers International Group Inc. will post 5.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CIGI shares. Raymond James downgraded shares of Colliers International Group from a “strong-buy” rating to an “outperform” rating and upped their price target for the stock from $150.00 to $160.00 in a research note on Friday, August 2nd. National Bankshares raised their price target on Colliers International Group from $125.00 to $137.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. Royal Bank of Canada boosted their price target on Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a research note on Monday. Scotiabank increased their price objective on Colliers International Group from $150.00 to $155.00 and gave the stock a “sector outperform” rating in a report on Friday, August 2nd. Finally, BMO Capital Markets lifted their target price on shares of Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a research note on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Colliers International Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.33.

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.