Dixon Mitchell Investment Counsel Inc. Has $13.07 Million Stock Position in Colliers International Group Inc. (NASDAQ:CIGI)

Dixon Mitchell Investment Counsel Inc. raised its position in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 7.2% in the third quarter, HoldingsChannel.com reports. The firm owned 86,011 shares of the financial services provider’s stock after purchasing an additional 5,800 shares during the quarter. Dixon Mitchell Investment Counsel Inc.’s holdings in Colliers International Group were worth $13,068,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Colliers International Group by 575.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 207 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Colliers International Group by 2.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,055 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 238 shares during the period. Blue Trust Inc. increased its stake in shares of Colliers International Group by 3,377.8% in the 2nd quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 304 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Colliers International Group by 252.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 316 shares during the period. Finally, Swiss National Bank boosted its stake in Colliers International Group by 0.5% during the first quarter. Swiss National Bank now owns 82,200 shares of the financial services provider’s stock worth $10,044,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

Colliers International Group Stock Up 0.5 %

CIGI stock opened at $151.22 on Friday. The firm has a market capitalization of $7.40 billion, a PE ratio of 73.77 and a beta of 1.49. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.13. Colliers International Group Inc. has a twelve month low of $83.38 and a twelve month high of $154.11. The stock’s 50 day moving average is $145.17 and its 200-day moving average is $126.30.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings data 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). Colliers International Group had a net margin of 3.20% and a return on equity of 23.60%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the business posted $1.21 earnings per share. Colliers International Group’s revenue was up 5.7% on a year-over-year basis. Sell-side analysts expect that Colliers International Group Inc. will post 5.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. National Bankshares lifted their price target on shares of Colliers International Group from $125.00 to $137.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 price target on shares of Colliers International Group in a research note on Monday, September 9th. StockNews.com cut Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Raymond James lowered Colliers International Group from a “strong-buy” rating to an “outperform” rating and upped their target price for the stock from $150.00 to $160.00 in a research report on Friday, August 2nd. Finally, BMO Capital Markets increased their target price on Colliers International Group from $163.00 to $164.00 and gave the stock an “outperform” rating in a report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

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.