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

Whittier Trust Co. of Nevada Inc. raised its position in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 112.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,260 shares of the financial services provider’s stock after purchasing an additional 667 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Colliers International Group were worth $171,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CIGI. Plato Investment Management Ltd increased its position in shares of Colliers International Group by 16.0% during the fourth quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 118 shares during the period. Tobam increased its position in shares of Colliers International Group by 12.0% during the fourth quarter. Tobam now owns 913 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 98 shares during the period. Venturi Wealth Management LLC purchased a new stake in shares of Colliers International Group during the fourth quarter worth $145,000. Blue Trust Inc. increased its position in shares of Colliers International Group by 65.1% during the fourth quarter. Blue Trust Inc. now owns 1,539 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 607 shares during the period. Finally, HighTower Advisors LLC increased its position in shares of Colliers International Group by 13.6% during the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 254 shares during the period. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Analyst Upgrades and Downgrades

CIGI has been the topic of a number of recent research reports. Colliers Securities set a $160.00 price objective on Colliers International Group in a research report on Tuesday, March 4th. National Bankshares cut their price objective on Colliers International Group from $182.00 to $169.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. The Goldman Sachs Group dropped their target price 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. StockNews.com lowered Colliers International Group from a “buy” rating to a “hold” rating in a report on Thursday. Finally, CIBC initiated coverage on Colliers International Group in a report on Tuesday, March 4th. They issued a “sector outperform” rating and a $160.00 target price on the stock. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $164.40.

Colliers International Group Stock Performance

NASDAQ CIGI opened at $122.67 on Monday. 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 Inc. has a 1 year low of $101.01 and a 1 year high of $156.96. The company has a market capitalization of $6.05 billion, a PE ratio of 38.45 and a beta of 1.58. The company has a fifty day moving average of $131.67 and a two-hundred day moving average of $141.13.

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