Fort Washington Investment Advisors Inc. OH Grows Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Fort Washington Investment Advisors Inc. OH lifted its position in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 9.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 119,409 shares of the financial services provider's stock after buying an additional 10,300 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.24% of Colliers International Group worth $14,484,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Central Pacific Bank Trust Division increased its position in Colliers International Group by 10.0% during the 1st quarter. Central Pacific Bank Trust Division now owns 1,100 shares of the financial services provider's stock worth $133,000 after purchasing an additional 100 shares in the last quarter. Plato Investment Management Ltd grew its holdings in Colliers International Group by 16.0% in the 4th quarter. Plato Investment Management Ltd now owns 856 shares of the financial services provider's stock valued at $117,000 after buying an additional 118 shares during the period. Pictet Asset Management Holding SA grew its holdings in Colliers International Group by 1.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 8,094 shares of the financial services provider's stock valued at $1,100,000 after buying an additional 144 shares during the period. Silvercrest Asset Management Group LLC increased its stake in shares of Colliers International Group by 0.4% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 34,425 shares of the financial services provider's stock valued at $4,681,000 after acquiring an additional 151 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Colliers International Group by 2.5% during the 4th quarter. Alliancebernstein L.P. now owns 7,474 shares of the financial services provider's stock valued at $1,016,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CIGI. JPMorgan Chase & Co. dropped their price objective on shares of Colliers International Group from $167.00 to $142.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Wall Street Zen downgraded shares of Colliers International Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 20th. Colliers Securities set a $160.00 price objective on shares of Colliers International Group in a research note on Tuesday, March 4th. Cibc World Mkts raised shares of Colliers International Group to a "strong-buy" rating in a research note on Tuesday, March 4th. Finally, Scotiabank dropped their price objective on shares of Colliers International Group from $165.00 to $155.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $160.80.

Colliers International Group Trading Up 0.5%

CIGI traded up $0.65 on Monday, reaching $128.02. 77,109 shares of the company's stock were exchanged, compared to its average volume of 119,016. The company's 50 day moving average is $120.72 and its 200-day moving average is $128.59. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 40.13 and a beta of 1.39. Colliers International Group Inc. has a twelve month low of $100.86 and a twelve month 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 quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.91 by ($0.04). The company had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.15 billion. Colliers International Group had a return on equity of 20.38% and a net margin of 3.35%. The firm's revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 EPS. Equities analysts predict that Colliers International Group Inc. will post 6.2 earnings per share for the current year.

Colliers International Group Dividend Announcement

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

Colliers International Group Company Profile

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.