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

Hantz Financial Services Inc. raised its stake in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 38.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,021 shares of the financial services provider’s stock after acquiring an additional 1,941 shares during the quarter. Hantz Financial Services Inc.’s holdings in Colliers International Group were worth $1,066,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CIGI. Blue Trust Inc. increased its position in Colliers International Group by 3,377.8% in the 2nd 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 in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Colliers International Group by 93.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 469 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 226 shares in the last quarter. Plato Investment Management Ltd acquired a new position in shares of Colliers International Group during the third quarter worth approximately $112,000. Stonegate Investment Group LLC bought a new position in shares of Colliers International Group in the 3rd quarter worth $264,000. Finally, Whittier Trust Co. grew its position in Colliers International Group by 8.4% in the 3rd quarter. Whittier Trust Co. now owns 3,558 shares of the financial services provider’s stock valued at $540,000 after purchasing an additional 277 shares during the period. Institutional investors and hedge funds own 80.09% of the company’s stock.

Wall Street Analysts Forecast Growth

CIGI has been the topic of several research reports. 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 report on Monday, October 21st. StockNews.com lowered shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. BMO Capital Markets increased their price objective on Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a research note on Friday, September 13th. Finally, Scotiabank lifted their target price on 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 analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Colliers International Group presently has a consensus rating of “Moderate Buy” and an average price target of $160.42.

Colliers International Group Price Performance

Colliers International Group stock opened at $153.63 on Monday. Colliers International Group Inc. has a 52 week low of $101.01 and a 52 week high of $156.96. The company’s 50 day moving average price is $149.87 and its two-hundred day moving average price is $134.64. The stock has a market cap of $7.55 billion, a P/E ratio of 48.93 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 issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 EPS 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 business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. The business’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 earnings per share. On average, equities analysts predict that Colliers International Group Inc. will post 5.44 earnings per share for the current year.

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.