Marshall Wace North America L.P. Grows Stock Holdings in Colliers International Group Inc (NASDAQ:CIGI)

Marshall Wace North America L.P. boosted its position in Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) by 321.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,900 shares of the financial services provider’s stock after purchasing an additional 4,500 shares during the period. Marshall Wace North America L.P.’s holdings in Colliers International Group were worth $394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CIGI. Norges Bank bought a new stake in shares of Colliers International Group during the fourth quarter valued at approximately $24,103,000. CIBC Asset Management Inc raised its stake in Colliers International Group by 230.7% in the fourth quarter. CIBC Asset Management Inc now owns 414,106 shares of the financial services provider’s stock worth $22,844,000 after buying an additional 288,878 shares in the last quarter. Pembroke Management LTD raised its stake in Colliers International Group by 101.3% in the first quarter. Pembroke Management LTD now owns 465,200 shares of the financial services provider’s stock worth $41,528,000 after buying an additional 234,050 shares in the last quarter. APG Asset Management N.V. raised its stake in Colliers International Group by 229.5% in the fourth quarter. APG Asset Management N.V. now owns 119,600 shares of the financial services provider’s stock worth $5,767,000 after buying an additional 83,300 shares in the last quarter. Finally, CIBC World Markets Inc. raised its stake in Colliers International Group by 37.0% in the first quarter. CIBC World Markets Inc. now owns 257,978 shares of the financial services provider’s stock worth $17,223,000 after buying an additional 69,655 shares in the last quarter. 68.15% of the stock is owned by institutional investors and hedge funds.

CIGI has been the subject of a number of recent research reports. Royal Bank of Canada set a €145.00 ($168.60) price objective on shares of Aena SME and gave the stock a “sell” rating in a research note on Tuesday, April 30th. Zacks Investment Research lowered shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. Raymond James set a $19.00 price target on shares of Patterson-UTI Energy and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, BidaskClub lowered shares of Ames National from a “hold” rating to a “sell” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $77.67.

NASDAQ:CIGI traded up $0.75 during mid-day trading on Thursday, hitting $75.20. The company’s stock had a trading volume of 54,340 shares, compared to its average volume of 51,871. The business’s fifty day moving average price is $69.45. The company has a market capitalization of $2.82 billion, a PE ratio of 30.69 and a beta of 1.50. Colliers International Group Inc has a 1 year low of $52.01 and a 1 year high of $84.20. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.59.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its quarterly earnings results on Friday, April 26th. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.23). Colliers International Group had a return on equity of 25.61% and a net margin of 3.24%. The company had revenue of $635.10 million for the quarter, compared to analyst estimates of $628.75 million. During the same quarter last year, the company earned $0.45 EPS. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, equities research analysts predict that Colliers International Group Inc will post 3.11 EPS for the current fiscal year.

The firm also recently disclosed a semiannual dividend, which was paid on Tuesday, July 9th. Investors of record on Friday, June 28th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a yield of 0.16%. Colliers International Group’s dividend payout ratio is presently 4.08%.

Colliers International Group Company Profile

Colliers International Group Inc provides commercial real estate services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, Asia, Australasia, and internationally. The company offers sales brokerage services, which include purchases and sales, debt placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and lease brokerage services comprising landlord and tenant representation services.

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Institutional Ownership by Quarter for Colliers International Group (NASDAQ:CIGI)

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