Whittier Trust Co. of Nevada Inc. Purchases 124 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Whittier Trust Co. of Nevada Inc. raised its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 26.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 593 shares of the financial services provider’s stock after purchasing an additional 124 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Colliers International Group were worth $90,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Blue Trust Inc. raised its stake 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 worth $38,000 after purchasing an additional 304 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Colliers International Group by 252.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock worth $56,000 after buying an additional 316 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in Colliers International Group in the 1st quarter worth about $118,000. Tobam lifted its stake in Colliers International Group by 185.5% during the 1st quarter. Tobam now owns 1,302 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 846 shares during the period. Finally, Bayesian Capital Management LP purchased a new stake in shares of Colliers International Group during the 1st quarter valued at about $205,000. 80.09% of the stock is owned by hedge funds and other institutional investors.

Colliers International Group Stock Performance

NASDAQ:CIGI opened at $147.79 on Thursday. The stock has a 50-day simple moving average of $145.98 and a two-hundred day simple moving average of $126.98. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.03 and a current ratio of 1.03. Colliers International Group Inc. has a 52-week low of $83.38 and a 52-week high of $154.11. The firm has a market capitalization of $7.23 billion, a PE ratio of 72.09 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Thursday, August 1st. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.01). Colliers International Group had a return on equity of 23.60% and a net margin of 3.20%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the company posted $1.21 earnings per share. The company’s revenue was up 5.7% compared to the same quarter last year. Analysts forecast that Colliers International Group Inc. will post 5.66 EPS for the current year.

Wall Street Analyst Weigh In

CIGI has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price objective on shares of Colliers International Group from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. National Bankshares increased their price target on Colliers International Group from $125.00 to $137.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd. Royal Bank of Canada lifted their price objective on Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a report on Monday. StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, Scotiabank boosted their price target on Colliers International Group from $150.00 to $155.00 and gave the company a “sector outperform” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.33.

About Colliers International Group

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.