Whittier Trust Co. Buys 1,910 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Whittier Trust Co. grew its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 53.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,468 shares of the financial services provider’s stock after acquiring an additional 1,910 shares during the period. Whittier Trust Co.’s holdings in Colliers International Group were worth $743,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC bought a new position in shares of Colliers International Group during the 3rd quarter worth $69,920,000. Franklin Resources Inc. lifted its stake in Colliers International Group by 100.8% in the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock worth $102,261,000 after acquiring an additional 340,691 shares during the period. Loomis Sayles & Co. L P grew its holdings in Colliers International Group by 55.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider’s stock worth $54,461,000 after acquiring an additional 128,005 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Colliers International Group by 93.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 121,801 shares of the financial services provider’s stock worth $18,491,000 after acquiring an additional 58,858 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in Colliers International Group by 225.0% during the 4th quarter. New York State Common Retirement Fund now owns 71,999 shares of the financial services provider’s stock valued at $9,790,000 after purchasing an additional 49,846 shares during the period. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Stock Performance

Shares of Colliers International Group stock opened at $122.67 on Friday. The company has a 50 day moving average price of $131.67 and a 200 day moving average price of $141.12. The firm has a market capitalization of $6.05 billion, a P/E ratio of 38.45 and a beta of 1.58. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.13. Colliers International Group Inc. has a 52 week low of $101.01 and a 52 week high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53). Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. Sell-side analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current year.

Wall Street Analysts Forecast Growth

CIGI has been the subject of several research reports. JPMorgan Chase & Co. began coverage on shares of Colliers International Group in a research report on Monday, December 16th. They issued a “neutral” rating and a $167.00 price target for the company. Scotiabank dropped their target price on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating on the stock in a research report on Friday, February 7th. BMO Capital Markets reduced their price target on Colliers International Group from $177.00 to $172.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. CIBC started coverage on Colliers International Group in a research report on Tuesday, March 4th. They set a “sector outperform” rating and a $160.00 price objective on the stock. Finally, National Bankshares reduced their target price on shares of Colliers International Group from $182.00 to $169.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $164.40.

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.