Colliers International Group Inc. $CIGI Shares Acquired by Whittier Trust Co.

Whittier Trust Co. grew its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 10.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,388 shares of the financial services provider’s stock after acquiring an additional 510 shares during the quarter. Whittier Trust Co.’s holdings in Colliers International Group were worth $703,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. TCTC Holdings LLC boosted its holdings in shares of Colliers International Group by 114.9% in the first quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 116 shares during the period. Vista Finance LLC boosted its holdings in shares of Colliers International Group by 4.1% in the second quarter. Vista Finance LLC now owns 3,073 shares of the financial services provider’s stock valued at $401,000 after acquiring an additional 120 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Colliers International Group by 13.9% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,435 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 175 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Colliers International Group in the first quarter valued at approximately $33,000. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Colliers International Group by 23.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,090 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 397 shares during the period. 80.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CIGI shares. Scotiabank increased their price objective on Colliers International Group from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 16th. CIBC increased their price objective on Colliers International Group from $175.00 to $179.00 and gave the company an “outperform” rating in a report on Monday. JPMorgan Chase & Co. upped their price target on Colliers International Group from $137.00 to $181.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 26th. Stifel Nicolaus upped their price target on Colliers International Group from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, National Bankshares upped their price target on Colliers International Group from $169.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $175.70.

Colliers International Group Price Performance

Colliers International Group stock opened at $169.29 on Friday. The business has a 50 day simple moving average of $161.13 and a 200-day simple moving average of $140.24. The stock has a market capitalization of $8.39 billion, a PE ratio of 76.95 and a beta of 1.44. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.17 and a quick ratio of 1.17. Colliers International Group Inc. has a 12 month low of $100.86 and a 12 month high of $170.65.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.20. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Colliers International Group had a return on equity of 20.82% and a net margin of 2.17%.Colliers International Group’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.36 earnings per share. Equities analysts predict that Colliers International Group Inc. will post 6.2 earnings per share for the current 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.