Thrivent Financial for Lutherans Invests $2.58 Million in Colliers International Group Inc. (NASDAQ:CIGI)

Thrivent Financial for Lutherans acquired a new stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) in the 3rd quarter, Holdings Channel reports. The firm acquired 17,001 shares of the financial services provider’s stock, valued at approximately $2,581,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CIGI. Vanguard Group Inc. increased its position in shares of Colliers International Group by 0.4% in the first quarter. Vanguard Group Inc. now owns 1,300,961 shares of the financial services provider’s stock valued at $159,016,000 after buying an additional 5,152 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Colliers International Group by 7.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 11,751 shares of the financial services provider’s stock valued at $1,435,000 after acquiring an additional 770 shares in the last quarter. Bayesian Capital Management LP acquired a new position in Colliers International Group during the first quarter worth about $205,000. Addenda Capital Inc. raised its position in Colliers International Group by 20.6% during the second quarter. Addenda Capital Inc. now owns 153,625 shares of the financial services provider’s stock worth $17,152,000 after acquiring an additional 26,263 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of 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 purchasing an additional 304 shares in the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

Colliers International Group Stock Down 1.7 %

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

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 (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 analysts’ expectations of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. Colliers International Group’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the firm posted $1.10 EPS. On average, analysts anticipate that Colliers International Group Inc. will post 5.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CIGI. National Bankshares raised their price objective on shares of 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. Stifel Nicolaus raised their price target on Colliers International Group from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Raymond James lowered 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 report on Friday, August 2nd. Finally, Scotiabank boosted their price target on Colliers International Group from $155.00 to $167.50 and gave the company a “sector outperform” rating in a report on Wednesday, November 6th. Two 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, Colliers International Group has a consensus rating of “Moderate Buy” and an average target price of $160.42.

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.