Fenimore Asset Management Inc Cuts Holdings in Colliers International Group Inc. (NASDAQ:CIGI)

Fenimore Asset Management Inc lowered its stake in shares of Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 235,653 shares of the financial services provider’s stock after selling 555 shares during the quarter. Fenimore Asset Management Inc owned 0.47% of Colliers International Group worth $32,042,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Janus Henderson Group PLC purchased a new stake in shares of Colliers International Group in the 3rd quarter valued at $69,920,000. Franklin Resources Inc. lifted its stake in Colliers International Group by 100.8% in the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock worth $102,261,000 after purchasing an additional 340,691 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Colliers International Group by 47.6% in the second quarter. The Manufacturers Life Insurance Company now owns 1,011,898 shares of the financial services provider’s stock worth $112,834,000 after purchasing an additional 326,453 shares during the last quarter. Clearbridge Investments LLC boosted its position in Colliers International Group by 91.3% during the second quarter. Clearbridge Investments LLC now owns 310,602 shares of the financial services provider’s stock valued at $34,677,000 after buying an additional 148,265 shares during the period. Finally, Loomis Sayles & Co. L P grew its stake in shares of Colliers International Group by 55.5% during the third quarter. Loomis Sayles & Co. L P now owns 358,748 shares of the financial services provider’s stock valued at $54,461,000 after buying an additional 128,005 shares during the last quarter. 80.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CIGI has been the subject of several analyst reports. Royal Bank of Canada increased their target price on Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Raymond James increased their price objective on Colliers International Group from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday. Scotiabank lifted their target price on shares of Colliers International Group from $155.00 to $167.50 and gave the stock a “sector outperform” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group assumed coverage on shares of Colliers International Group in a research report on Friday, December 6th. They set a “neutral” rating and a $170.00 price target for the company. Finally, StockNews.com cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.31.

Colliers International Group Stock Performance

NASDAQ:CIGI opened at $141.35 on Friday. Colliers International Group Inc. has a 12-month low of $101.01 and a 12-month high of $156.96. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $7.13 billion, a P/E ratio of 45.02 and a beta of 1.49. The stock has a 50-day moving average price of $141.67 and a 200 day moving average price of $142.35.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.17). The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. Colliers International Group’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 earnings per share. Equities research analysts forecast that Colliers International Group Inc. will post 5.41 EPS for the current fiscal year.

Colliers International Group Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a $0.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a dividend yield of 0.2%. Colliers International Group’s dividend payout ratio (DPR) is presently 9.55%.

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.