Colliers International Group Inc. $CIGI Shares Bought by Argent Capital Management LLC

Key Points

• Argent Capital Management LLC increased its stake in Colliers International Group Inc. by 9.0%, owning a total of 45,208 shares valued at approximately $5.9 million as of the latest SEC filing.
• Colliers reported $1.72 EPS in the last quarter, exceeding analysts' expectations of $1.52, with revenue rising to $1.37 billion and a net margin of 2.17%.
• Analysts have shown a positive outlook, with price target upgrades from firms like National Bank and Royal Bank, reflecting strong investor confidence in the company's performance.

Argent Capital Management LLC raised its position in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 9.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,208 shares of the financial services provider's stock after purchasing an additional 3,717 shares during the quarter. Argent Capital Management LLC owned about 0.09% of Colliers International Group worth $5,901,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC boosted its holdings in Colliers International Group by 23.3% in the 1st quarter. Acadian Asset Management LLC now owns 126,503 shares of the financial services provider's stock valued at $15,337,000 after purchasing an additional 23,940 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Colliers International Group by 1.1% in 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 purchasing an additional 505 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Colliers International Group by 78.1% in 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 purchasing an additional 56,755 shares during the last quarter. Select Equity Group L.P. acquired a new position in Colliers International Group in the 1st quarter valued at about $3,759,000. Finally, Durable Capital Partners LP raised its stake in shares of Colliers International Group by 12.4% in the 1st quarter. Durable Capital Partners LP now owns 2,972,757 shares of the financial services provider's stock valued at $360,595,000 after acquiring an additional 328,430 shares during the period. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Trading Up 0.0%

NASDAQ CIGI opened at $164.40 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.24. Colliers International Group Inc. has a 52 week low of $100.86 and a 52 week high of $170.65. The stock has a market capitalization of $8.15 billion, a PE ratio of 74.73 and a beta of 1.41. The firm has a 50 day moving average of $157.32 and a two-hundred day moving average of $134.92.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last posted its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.52 by $0.20. Colliers International Group had a net margin of 2.17% and a return on equity of 20.82%. The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the previous year, the business posted $1.36 EPS. The firm's revenue was up 18.3% on a year-over-year basis. As a group, research analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CIGI has been the topic of a number of research analyst reports. National Bankshares boosted their price target on shares of Colliers International Group from $169.00 to $175.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Royal Bank Of Canada boosted their price target on shares of Colliers International Group from $175.00 to $185.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. boosted their price target on shares of Colliers International Group from $137.00 to $181.00 and gave the company a "neutral" rating in a research note on Tuesday, August 26th. Raymond James Financial boosted their price target on shares of Colliers International Group from $170.00 to $180.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, Citizens Jmp initiated coverage on shares of Colliers International Group in a research note on Monday, July 21st. They issued a "market perform" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $173.80.

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.

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