Thrivent Financial for Lutherans Acquires Shares of 122,645 Colliers International Group Inc. $CIGI

Thrivent Financial for Lutherans bought a new position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 122,645 shares of the financial services provider’s stock, valued at approximately $19,158,000.

Other large investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in shares of Colliers International Group by 78.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 129,415 shares of the financial services provider’s stock valued at $15,698,000 after buying an additional 56,755 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Colliers International Group by 1.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 45,408 shares of the financial services provider’s stock valued at $5,508,000 after acquiring an additional 505 shares during the period. Blair William & Co. IL raised its holdings in Colliers International Group by 1.7% during the 2nd quarter. Blair William & Co. IL now owns 32,875 shares of the financial services provider’s stock valued at $4,291,000 after acquiring an additional 553 shares during the period. Louisbourg Investments Inc. lifted its position in shares of Colliers International Group by 96.6% during the second quarter. Louisbourg Investments Inc. now owns 60,543 shares of the financial services provider’s stock worth $7,907,000 after acquiring an additional 29,748 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Colliers International Group by 23.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,090 shares of the financial services provider’s stock worth $273,000 after acquiring an additional 397 shares during the period. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Colliers International Group Trading Down 5.9%

Shares of Colliers International Group stock opened at $128.34 on Wednesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.14. Colliers International Group Inc. has a 1 year low of $100.86 and a 1 year high of $171.51. The firm has a market cap of $6.39 billion, a PE ratio of 56.04 and a beta of 1.40. The company has a 50 day simple moving average of $144.28 and a two-hundred day simple moving average of $152.10.

Colliers International Group Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.15 per share. This represents a dividend yield of 20.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Colliers International Group’s payout ratio is currently 13.10%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CIGI shares. Stifel Nicolaus boosted their price objective on Colliers International Group from $180.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. National Bankshares lifted their target price on Colliers International Group from $181.00 to $185.00 in a report on Monday, December 15th. Raymond James Financial increased their price target on shares of Colliers International Group from $180.00 to $195.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. CIBC raised their price objective on shares of Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Finally, Wall Street Zen raised shares of Colliers International Group from a “hold” rating to a “buy” rating in a report on Sunday, January 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.20.

Colliers International Group Company Profile

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company’s real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.