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

Whittier Trust Co. of Nevada Inc. increased its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 13.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,435 shares of the financial services provider’s stock after purchasing an additional 175 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Colliers International Group were worth $174,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CIGI. Durable Capital Partners LP boosted its position in shares of Colliers International Group by 4.0% during the 4th quarter. Durable Capital Partners LP now owns 2,644,327 shares of the financial services provider’s stock worth $359,549,000 after purchasing an additional 102,586 shares during the period. Vanguard Group Inc. grew its holdings in shares of Colliers International Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider’s stock worth $253,867,000 after purchasing an additional 21,422 shares during the last quarter. FIL Ltd increased its stake in Colliers International Group by 116.5% in the fourth quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider’s stock valued at $210,449,000 after purchasing an additional 832,583 shares during the period. Norges Bank acquired a new position in Colliers International Group in the fourth quarter valued at $74,615,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Colliers International Group by 1.3% in the fourth quarter. Renaissance Technologies LLC now owns 531,100 shares of the financial services provider’s stock valued at $72,214,000 after acquiring an additional 7,000 shares in the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Stock Up 1.7%

Shares of NASDAQ:CIGI opened at $138.58 on Friday. The firm has a market cap of $6.84 billion, a P/E ratio of 48.62 and a beta of 1.39. Colliers International Group Inc. has a 12 month low of $100.86 and a 12 month high of $156.96. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.24. The company’s 50-day moving average price is $127.89 and its two-hundred day moving average price is $126.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.04). Colliers International Group had a return on equity of 20.20% and a net margin of 2.92%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the business earned $0.77 EPS. The firm’s revenue was up 13.9% compared to the same quarter last year. As a group, research analysts forecast that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Colliers International Group Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a yield of 0.2%. Colliers International Group’s dividend payout ratio (DPR) is 10.53%.

Wall Street Analyst Weigh In

CIGI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Colliers International Group from $167.00 to $142.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Wall Street Zen lowered Colliers International Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. Scotiabank cut their price target on shares of Colliers International Group from $165.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. Finally, Stifel Nicolaus cut their price target on shares of Colliers International Group from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $160.80.

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.