Hantz Financial Services Inc. Has $1.07 Million Stock Position in Colliers International Group Inc. (NASDAQ:CIGI)

Hantz Financial Services Inc. boosted its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 38.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,021 shares of the financial services provider’s stock after purchasing an additional 1,941 shares during the period. Hantz Financial Services Inc.’s holdings in Colliers International Group were worth $1,066,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Addenda Capital Inc. boosted its stake in shares of Colliers International Group by 20.6% in the 2nd quarter. Addenda Capital Inc. now owns 153,625 shares of the financial services provider’s stock valued at $17,152,000 after purchasing an additional 26,263 shares in the last quarter. Blue Trust Inc. increased its position in Colliers International Group by 3,377.8% during the 2nd quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 304 shares in the last quarter. Cidel Asset Management Inc. increased its position in Colliers International Group by 2.9% during the 2nd quarter. Cidel Asset Management Inc. now owns 127,907 shares of the financial services provider’s stock worth $14,280,000 after purchasing an additional 3,563 shares in the last quarter. Argent Capital Management LLC increased its position in Colliers International Group by 10.7% during the 2nd quarter. Argent Capital Management LLC now owns 29,608 shares of the financial services provider’s stock worth $3,306,000 after purchasing an additional 2,858 shares in the last quarter. Finally, Ceredex Value Advisors LLC increased its position in Colliers International Group by 1.6% during the 2nd quarter. Ceredex Value Advisors LLC now owns 86,944 shares of the financial services provider’s stock worth $9,720,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CIGI. StockNews.com cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. BMO Capital Markets upped their price objective on shares of Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a research report on Friday, September 13th. Royal Bank of Canada upped their price objective on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, Scotiabank upped their price target on shares of Colliers International Group from $155.00 to $167.50 and gave the company a “sector outperform” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $160.42.

Colliers International Group Stock Up 0.4 %

Colliers International Group stock opened at $153.63 on Monday. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 48.93 and a beta of 1.50. Colliers International Group Inc. has a 52-week low of $101.01 and a 52-week high of $156.96. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a 50 day moving average price of $149.87 and a two-hundred day moving average price of $134.64.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its 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). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the business earned $1.10 EPS. Colliers International Group’s quarterly revenue was up 11.7% on a year-over-year basis. Equities analysts predict that Colliers International Group Inc. will post 5.44 EPS for the current year.

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.