Fenimore Asset Management Inc Purchases 4,427 Shares of Colliers International Group Inc. (NASDAQ:CIGI)

Fenimore Asset Management Inc raised its holdings in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 1.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 240,080 shares of the financial services provider's stock after buying an additional 4,427 shares during the period. Fenimore Asset Management Inc owned 0.49% of Colliers International Group worth $29,122,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CIGI. Durable Capital Partners LP boosted its holdings in shares of Colliers International Group by 4.0% in the 4th quarter. Durable Capital Partners LP now owns 2,644,327 shares of the financial services provider's stock valued at $359,549,000 after buying an additional 102,586 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Colliers International Group by 1.2% in 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 buying an additional 21,422 shares during the last quarter. FIL Ltd boosted its stake in shares of Colliers International Group by 116.5% during the 4th quarter. FIL Ltd now owns 1,547,527 shares of the financial services provider's stock worth $210,449,000 after acquiring an additional 832,583 shares during the period. Alberta Investment Management Corp increased its holdings 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 during the last quarter. Finally, Norges Bank bought a new stake in Colliers International Group in the 4th quarter valued at $74,615,000. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Price Performance

Shares of NASDAQ CIGI traded up $0.90 during mid-day trading on Thursday, reaching $129.82. The company had a trading volume of 74,473 shares, compared to its average volume of 119,331. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of 40.70 and a beta of 1.39. The business's 50-day simple moving average is $119.50 and its 200 day simple moving average is $129.44. Colliers International Group Inc. has a one year low of $100.86 and a one year 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.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last released its earnings results on Tuesday, May 6th. The financial services provider reported $0.87 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.04). The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.15 billion. Colliers International Group had a net margin of 3.35% and a return on equity of 20.38%. Colliers International Group's quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 earnings per share. On average, research analysts predict that Colliers International Group Inc. will post 6.2 earnings per share for the current fiscal year.

Colliers International Group Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a $0.15 dividend. The ex-dividend date is Monday, June 30th. This represents a dividend yield of 0.2%. Colliers International Group's payout ratio is 10.53%.

Wall Street Analyst Weigh In

Several analysts recently commented on CIGI shares. Wall Street Zen downgraded shares of Colliers International Group from a "buy" rating to a "hold" rating in a report on Thursday, March 20th. William Blair restated an "outperform" rating on shares of Colliers International Group in a report on Friday, February 28th. Colliers Securities set a $160.00 target price on Colliers International Group in a research note on Tuesday, March 4th. Cibc World Mkts raised Colliers International Group to a "strong-buy" rating in a report on Tuesday, March 4th. Finally, CIBC began coverage on Colliers International Group in a report on Tuesday, March 4th. They issued a "sector outperform" rating and a $160.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Colliers International Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $160.80.

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.