Auxier Asset Management Sells 500 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Auxier Asset Management cut its holdings in Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,160 shares of the financial services provider’s stock after selling 500 shares during the quarter. Auxier Asset Management’s holdings in Colliers International Group were worth $799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CIGI. Whittier Trust Co. of Nevada Inc. increased its position in 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 during the period. Blue Trust Inc. raised its stake in Colliers International Group by 3,377.8% in the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock worth $38,000 after buying an additional 304 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Colliers International Group by 252.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock worth $56,000 after buying an additional 316 shares in the last quarter. Security National Bank purchased a new stake in Colliers International Group in the fourth quarter worth about $70,000. Finally, Central Pacific Bank Trust Division bought a new stake in Colliers International Group during the 1st quarter valued at approximately $118,000. Hedge funds and other institutional investors own 80.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CIGI shares. Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 target price on shares of Colliers International Group in a research report on Monday, September 9th. Scotiabank raised their price objective on Colliers International Group from $150.00 to $155.00 and gave the company a “sector outperform” rating in a research report on Friday, August 2nd. Stifel Nicolaus boosted their target price on shares of Colliers International Group from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 2nd. StockNews.com lowered shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 14th. Finally, Raymond James lowered shares of Colliers International Group from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the stock from $150.00 to $160.00 in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $156.00.

Colliers International Group Stock Performance

Shares of Colliers International Group stock opened at $149.09 on Friday. Colliers International Group Inc. has a 1 year low of $83.38 and a 1 year high of $150.38. The firm’s 50-day moving average is $138.60 and its 200 day moving average is $122.19. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 72.73 and a beta of 1.49. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.03 and a quick ratio of 1.03.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Thursday, August 1st. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.01). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.11 billion. Colliers International Group had a return on equity of 23.60% and a net margin of 3.20%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.21 EPS. Sell-side analysts anticipate that Colliers International Group Inc. will post 5.51 EPS for the current fiscal 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.