O Shaughnessy Asset Management LLC Grows Stake in Colliers International Group Inc (CIGI)

O Shaughnessy Asset Management LLC lifted its position in shares of Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) by 2.0% during the 3rd quarter, Holdings Channel reports. The firm 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’s holdings in Colliers International Group were worth $15,862,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings 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 acquiring an additional 1,534 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Colliers International Group in the second quarter valued at approximately $259,000. Paloma Partners Management Co bought a new stake in Colliers International Group in the second quarter valued at approximately $325,000. State of New Jersey Common Pension Fund D bought a new stake in Colliers International Group in the second quarter valued at approximately $336,000. Finally, Legal & General Group Plc boosted its holdings in Colliers International Group by 36.1% in the first quarter. Legal & General Group Plc now owns 8,964 shares of the financial services provider’s stock valued at $622,000 after acquiring an additional 2,377 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

CIGI has been the topic of several analyst reports. Royal Bank of Canada reduced their target price on Colliers International Group from $89.00 to $87.00 and set an “outperform” rating on the stock in a report on Wednesday, October 31st. BidaskClub cut Colliers International Group from a “sell” rating to a “strong sell” rating in a report on Friday, October 12th. ValuEngine cut Colliers International Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 2nd. Zacks Investment Research upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating and set a $78.00 target price on the stock in a report on Monday, November 5th. Finally, Raymond James set a $85.00 target price on Colliers International Group and gave the company a “buy” rating in a report on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $83.33.

Colliers International Group stock opened at $66.27 on Friday. The company 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 52-week low of $46.60 and a 52-week high of $84.20. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.38.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results on Tuesday, October 30th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.60. The firm had revenue of $715.70 million for the quarter, compared to analysts’ expectations of $698.53 million. Colliers International Group had a return on equity of 31.08% and a net margin of 2.96%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 EPS. As a group, sell-side analysts forecast that Colliers International Group Inc will post 2.5 EPS for the current year.

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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.

Further Reading: Are Wall Street analysts’ stock ratings worth following?

Want to see what other hedge funds are holding CIGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI).

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

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