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

Whittier Trust Co. increased its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 53.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,468 shares of the financial services provider’s stock after purchasing 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 reporting period.

A number of other large investors also recently modified their holdings of the company. Franklin Resources Inc. increased its stake in Colliers International Group by 100.8% in the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock worth $102,261,000 after buying an additional 340,691 shares in the last quarter. Alberta Investment Management Corp grew its position in shares of Colliers International Group by 3.4% during the fourth quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider’s stock worth $85,143,000 after purchasing an additional 20,794 shares in the last quarter. Janus Henderson Group PLC bought a new stake in Colliers International Group during the 3rd quarter valued at approximately $69,920,000. Loomis Sayles & Co. L P lifted its holdings in 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 worth $54,461,000 after purchasing an additional 128,005 shares in the last quarter. Finally, Cibc World Market Inc. boosted its stake in Colliers International Group by 3.9% in the 4th quarter. Cibc World Market Inc. now owns 219,317 shares of the financial services provider’s stock worth $29,814,000 after purchasing an additional 8,148 shares during the period. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Colliers International Group Trading Down 0.9 %

Shares of CIGI opened at $122.67 on Friday. The company’s fifty day simple moving average is $131.67 and its 200-day simple moving average is $141.12. The company has a market cap of $6.05 billion, a P/E ratio of 38.45 and a beta of 1.58. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.13. Colliers International Group Inc. has a twelve month low of $101.01 and a twelve month high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.87 earnings per share 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%. As a group, analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CIGI shares. Royal Bank of Canada boosted their target price on shares of Colliers International Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. StockNews.com downgraded Colliers International Group from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. began coverage on Colliers International Group in a report on Monday, December 16th. They set a “neutral” rating and a $167.00 price target for the company. The Goldman Sachs Group decreased 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. Finally, CIBC assumed coverage on shares of Colliers International Group in a report on Tuesday, March 4th. They issued a “sector outperform” rating and a $160.00 target price for the company. Four equities 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.40.

About Colliers International Group

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.