Fenimore Asset Management Inc Buys 7,583 Shares of Colliers International Group Inc. $CIGI

Key Points

• Fenimore Asset Management Inc. increased its stake in Colliers International Group Inc. by 3.2% during the 2nd quarter, acquiring an additional 7,583 shares, bringing its total ownership to 247,663 shares valued at $32.3 million.
• Colliers International Group reported a quarterly earnings per share (EPS) of $1.72, exceeding analysts' expectations of $1.52, with revenue of $1.37 billion, up 18.3% year-over-year.
• Institutional investors own approximately 80.09% of Colliers International Group's stock, indicating substantial interest from large financial entities in the company.

Fenimore Asset Management Inc boosted its stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 3.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 247,663 shares of the financial services provider's stock after acquiring an additional 7,583 shares during the quarter. Fenimore Asset Management Inc owned 0.50% of Colliers International Group worth $32,330,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Colliers International Group by 56.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 965,700 shares of the financial services provider's stock valued at $117,140,000 after purchasing an additional 349,046 shares in the last quarter. Durable Capital Partners LP raised its position in Colliers International Group by 12.4% in the 1st quarter. Durable Capital Partners LP now owns 2,972,757 shares of the financial services provider's stock valued at $360,595,000 after buying an additional 328,430 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Colliers International Group by 39.9% in the 1st quarter. Ameriprise Financial Inc. now owns 480,040 shares of the financial services provider's stock valued at $58,229,000 after acquiring an additional 136,871 shares in the last quarter. 1832 Asset Management L.P. boosted its position in Colliers International Group by 17.5% during the 1st quarter. 1832 Asset Management L.P. now owns 404,706 shares of the financial services provider's stock worth $49,091,000 after acquiring an additional 60,334 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Colliers International Group by 78.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 129,415 shares of the financial services provider's stock worth $15,698,000 after acquiring an additional 56,755 shares in the last quarter. 80.09% of the stock is owned by institutional investors and hedge funds.

Colliers International Group Price Performance

Shares of NASDAQ CIGI opened at $155.38 on Monday. The business has a fifty day moving average price of $160.52 and a two-hundred day moving average price of $137.06. The stock has a market capitalization of $7.70 billion, a PE ratio of 70.63 and a beta of 1.44. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.17 and a quick ratio of 1.17. Colliers International Group Inc. has a fifty-two week low of $100.86 and a fifty-two week high of $170.65.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.20. Colliers International Group had a return on equity of 20.82% and a net margin of 2.17%.The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter last year, the business earned $1.36 earnings per share. Colliers International Group's revenue was up 18.3% on a year-over-year basis. As a group, equities analysts predict that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on CIGI. Citizens Jmp began coverage on shares of Colliers International Group in a report on Monday, July 21st. They set a "market perform" rating for the company. Weiss Ratings restated a "hold (c)" rating on shares of Colliers International Group in a report on Saturday, September 27th. Raymond James Financial boosted their price target on Colliers International Group from $170.00 to $180.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. JMP Securities began coverage on Colliers International Group in a research note on Monday, July 21st. They set a "market perform" rating on the stock. Finally, Royal Bank Of Canada increased their price objective on Colliers International Group from $175.00 to $185.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $173.80.

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.

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