Cubist Systematic Strategies LLC Takes $326,000 Position in Colliers International Group Inc (CIGI)

Cubist Systematic Strategies LLC acquired a new stake in shares of Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,559 shares of the financial services provider’s stock, valued at approximately $326,000.

A number of other hedge funds also recently modified their holdings of the business. OxFORD Asset Management LLP raised its holdings in shares of Colliers International Group by 12.8% in the third quarter. OxFORD Asset Management LLP now owns 15,877 shares of the financial services provider’s stock worth $788,000 after buying an additional 1,802 shares during the period. Dimensional Fund Advisors LP grew its stake in Colliers International Group by 17.1% in the third quarter. Dimensional Fund Advisors LP now owns 88,608 shares of the financial services provider’s stock worth $4,404,000 after purchasing an additional 12,928 shares in the last quarter. Citadel Advisors LLC bought a new position in Colliers International Group in the third quarter worth approximately $441,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Colliers International Group in the third quarter worth approximately $381,000. Finally, JPMorgan Chase & Co. grew its stake in Colliers International Group by 39.8% in the third quarter. JPMorgan Chase & Co. now owns 55,378 shares of the financial services provider’s stock worth $2,750,000 after purchasing an additional 15,772 shares in the last quarter. Institutional investors and hedge funds own 63.11% of the company’s stock.

CIGI has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price objective on Colliers International Group from $62.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 1st. BMO Capital Markets restated an “outperform” rating and issued a $65.00 target price on shares of Colliers International Group in a research note on Wednesday, November 1st. Scotiabank raised their target price on Colliers International Group from $75.50 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating and set a $68.00 price objective for the company in a research note on Monday, November 6th. Finally, ValuEngine lowered Colliers International Group from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Colliers International Group presently has an average rating of “Buy” and a consensus price target of $71.40.

Colliers International Group Inc (NASDAQ CIGI) opened at $60.75 on Thursday. The firm has a market capitalization of $2,290.00, a P/E ratio of 39.97 and a beta of 1.76. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.48. Colliers International Group Inc has a twelve month low of $34.70 and a twelve month high of $63.05.

The company also recently declared a semiannual dividend, which was paid on Wednesday, January 10th. Stockholders of record on Friday, December 29th were given a dividend of $0.05 per share. This represents a dividend yield of 0.17%. The ex-dividend date was Thursday, December 28th. Colliers International Group’s payout ratio is presently 6.58%.

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About Colliers International Group

Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. Its segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.

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

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