Marshall Wace LLP Takes $2.75 Million Position in Colliers International Group Inc. (NASDAQ:CIGI)

Marshall Wace LLP purchased a new stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 20,238 shares of the financial services provider's stock, valued at approximately $2,752,000.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Colliers International Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,866,793 shares of the financial services provider's stock valued at $253,867,000 after purchasing an additional 21,422 shares in the last quarter. FIL Ltd boosted its holdings in shares of Colliers International Group by 116.5% in the 4th quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider's stock valued at $210,449,000 after buying an additional 832,583 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Colliers International Group by 100.8% in the 3rd quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock worth $102,261,000 after buying an additional 340,691 shares during the last quarter. Alberta Investment Management Corp raised its stake in shares of Colliers International Group by 3.4% during the 4th quarter. Alberta Investment Management Corp now owns 626,422 shares of the financial services provider's stock worth $85,143,000 after acquiring an additional 20,794 shares in the last quarter. Finally, Norges Bank purchased a new stake in Colliers International Group during the fourth quarter valued at approximately $74,615,000. 80.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CIGI. JPMorgan Chase & Co. cut their price target on shares of Colliers International Group from $167.00 to $142.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Stifel Nicolaus dropped their target price on Colliers International Group from $165.00 to $160.00 and set a "buy" rating on the stock in a research note on Monday. National Bankshares decreased their price target on Colliers International Group from $182.00 to $169.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. StockNews.com lowered Colliers International Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. Finally, The Goldman Sachs Group decreased their price objective on shares of Colliers International Group from $165.00 to $145.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $161.80.

Colliers International Group Stock Performance

NASDAQ CIGI traded up $1.74 on Friday, reaching $120.75. 16,445 shares of the company's stock traded hands, compared to its average volume of 114,290. Colliers International Group Inc. has a fifty-two week low of $100.86 and a fifty-two week high of $156.96. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $5.95 billion, a price-to-earnings ratio of 37.87 and a beta of 1.36. The stock has a 50 day moving average price of $119.47 and a 200-day moving average price of $134.64.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.87 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.53). Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. Equities research analysts predict that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

About Colliers International Group

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.