Whittier Trust Co. of Nevada Inc. Grows Stock Position in Colliers International Group Inc. (NASDAQ:CIGI)

Whittier Trust Co. of Nevada Inc. raised its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 112.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,260 shares of the financial services provider’s stock after buying an additional 667 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Colliers International Group were worth $171,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CIGI. Thrivent Financial for Lutherans purchased a new position in shares of Colliers International Group during the 3rd quarter valued at about $2,581,000. Massachusetts Financial Services Co. MA increased its stake in shares of Colliers International Group by 93.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 121,801 shares of the financial services provider’s stock valued at $18,491,000 after purchasing an additional 58,858 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in shares of Colliers International Group by 55.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider’s stock valued at $54,461,000 after purchasing an additional 128,005 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Colliers International Group by 3.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,346 shares of the financial services provider’s stock valued at $1,420,000 after purchasing an additional 291 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. increased its stake in shares of Colliers International Group by 3.1% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 14,045 shares of the financial services provider’s stock valued at $2,132,000 after purchasing an additional 426 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CIGI. BMO Capital Markets cut 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 note on Friday, February 7th. CIBC began coverage on Colliers International Group in a research note on Tuesday, March 4th. They issued a “sector outperform” rating and a $160.00 price target for the company. Raymond James cut their price target on Colliers International Group from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. The Goldman Sachs Group lowered their price objective on Colliers International Group from $165.00 to $145.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Finally, StockNews.com cut Colliers International Group from a “buy” rating to a “hold” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Colliers International Group has a consensus rating of “Moderate Buy” and a consensus target price of $164.40.

Colliers International Group Trading Down 0.9 %

Shares of Colliers International Group stock opened at $122.67 on Monday. The stock has a market cap of $6.05 billion, a P/E ratio of 38.45 and a beta of 1.58. The stock’s 50 day simple moving average is $131.67 and its 200-day simple moving average is $141.13. Colliers International Group Inc. has a 1-year low of $101.01 and a 1-year high of $156.96. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06.

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

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.