O Shaughnessy Asset Management LLC lifted its position in shares of Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) by 2.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 206,878 shares of the financial services provider’s stock after buying an additional 4,041 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.55% of Colliers International Group worth $15,862,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of CIGI. Wells Fargo & Company MN raised its stake in Colliers International Group by 94.1% in the third quarter. Wells Fargo & Company MN now owns 3,165 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 1,534 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Colliers International Group in the second quarter valued at about $259,000. Paloma Partners Management Co acquired a new position in Colliers International Group in the second quarter valued at about $325,000. State of New Jersey Common Pension Fund D acquired a new position in Colliers International Group in the second quarter valued at about $336,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Colliers International Group in the second quarter valued at about $626,000. 70.21% of the stock is owned by institutional investors.
Shares of NASDAQ CIGI opened at $66.27 on Friday. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 27.09 and a beta of 1.49. Colliers International Group Inc has a 12 month low of $46.60 and a 12 month high of $84.20.
Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Tuesday, October 30th. The financial services provider reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.60. The firm had revenue of $715.70 million during the quarter, compared to the consensus estimate of $698.53 million. Colliers International Group had a return on equity of 31.08% and a net margin of 2.96%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 earnings per share. On average, sell-side analysts predict that Colliers International Group Inc will post 2.5 earnings per share for the current year.
A number of research analysts recently commented on CIGI shares. BidaskClub downgraded Colliers International Group from a “sell” rating to a “strong sell” rating in a research note on Friday, October 12th. Zacks Investment Research raised Colliers International Group from a “hold” rating to a “strong-buy” rating and set a $78.00 price target for the company in a research note on Monday, November 5th. Royal Bank of Canada dropped their price target on Colliers International Group from $89.00 to $87.00 and set an “outperform” rating for the company in a research note on Wednesday, October 31st. Raymond James set a $85.00 price target on Colliers International Group and gave the company a “buy” rating in a research note on Wednesday, October 31st. Finally, ValuEngine raised Colliers International Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 28th. One analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Colliers International Group presently has a consensus rating of “Buy” and a consensus target price of $83.33.
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Colliers International Group Company Profile
Colliers International Group Inc provides commercial real estate services to corporations, financial institutions, governments, and individuals worldwide. The company's Sales and Lease Brokerage division offers transaction brokerage services, including landlord representation, tenant representation, and capital markets and investment services, as well as property management, leasing, and valuations.
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