Whittier Trust Co. Buys 277 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Whittier Trust Co. boosted its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 8.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,558 shares of the financial services provider’s stock after buying an additional 277 shares during the quarter. Whittier Trust Co.’s holdings in Colliers International Group were worth $540,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. increased its position in Colliers International Group by 575.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 207 shares during the last quarter. Blue Trust Inc. grew its holdings in Colliers International Group by 3,377.8% during the 2nd quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 304 shares during the last quarter. PNC Financial Services Group Inc. raised its position 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 purchasing an additional 316 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of Colliers International Group during the first quarter valued at approximately $118,000. Finally, Tobam grew its stake in shares of Colliers International Group by 185.5% during the first quarter. Tobam now owns 1,302 shares of the financial services provider’s stock valued at $159,000 after buying an additional 846 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Analysts Set New Price Targets

CIGI has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price target on Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research note on Monday. Stifel Nicolaus boosted their target price on shares of Colliers International Group from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. National Bankshares raised their price target on shares of Colliers International Group from $125.00 to $137.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. Raymond James cut shares of Colliers International Group from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the company from $150.00 to $160.00 in a research report on Friday, August 2nd. Finally, Scotiabank raised their target price on shares of Colliers International Group from $150.00 to $155.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $158.33.

Colliers International Group Stock Down 0.0 %

Shares of Colliers International Group stock opened at $147.79 on Thursday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $7.23 billion, a price-to-earnings ratio of 72.09 and a beta of 1.49. The firm’s 50-day moving average is $145.98 and its two-hundred day moving average is $126.98. Colliers International Group Inc. has a 1 year low of $83.38 and a 1 year high of $154.11.

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

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.