Hsbc Holdings PLC Increases Holdings in Colliers International Group Inc. $CIGI

Key Points

• Hsbc Holdings PLC increased its holdings in Colliers International Group Inc. by 77.3% in Q1, now owning 5,743 shares valued at approximately $689,000.
• Several hedge funds, including TCTC Holdings LLC and Tower Research Capital LLC, reported significant increases in their stakes in the company, reflecting growing institutional interest in Colliers International Group.
• Recent analysts' ratings have been positive, with multiple firms raising their target prices for CIGI, resulting in a current consensus target price of $172.30.

Hsbc Holdings PLC grew its holdings in shares of Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI by 77.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,743 shares of the financial services provider's stock after buying an additional 2,503 shares during the period. Hsbc Holdings PLC's holdings in Colliers International Group were worth $689,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Durable Capital Partners LP lifted its stake 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 purchasing an additional 102,586 shares during the last quarter. Nuveen Asset Management LLC boosted its position in Colliers International Group by 288.0% during the fourth quarter. Nuveen Asset Management LLC now owns 126,451 shares of the financial services provider's stock worth $17,187,000 after purchasing an additional 93,864 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Colliers International Group by 89.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 139,930 shares of the financial services provider's stock valued at $19,026,000 after acquiring an additional 65,958 shares in the last quarter. Bank of America Corp DE lifted its position in Colliers International Group by 102.5% during the fourth quarter. Bank of America Corp DE now owns 93,239 shares of the financial services provider's stock worth $12,678,000 after buying an additional 47,195 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Colliers International Group by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 1,905,172 shares of the financial services provider's stock valued at $230,558,000 after buying an additional 38,379 shares during the period. Institutional investors own 80.09% of the company's stock.

Colliers International Group Price Performance

NASDAQ CIGI traded down $0.21 on Friday, hitting $165.21. 30,519 shares of the company's stock were exchanged, compared to its average volume of 133,990. Colliers International Group Inc. has a 52 week low of $100.86 and a 52 week high of $170.65. The stock has a market cap of $8.17 billion, a price-to-earnings ratio of 75.04 and a beta of 1.41. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24. The stock has a 50-day moving average of $149.24 and a 200-day moving average of $131.60.

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

Analysts Set New Price Targets

CIGI has been the subject of a number of research analyst reports. JMP Securities began coverage on Colliers International Group in a research report on Monday, July 21st. They issued a "market perform" rating for the company. JPMorgan Chase & Co. boosted their price target on Colliers International Group from $137.00 to $181.00 and gave the company a "neutral" rating in a research report on Tuesday, August 26th. Raymond James Financial increased their price target on Colliers International Group from $170.00 to $180.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Scotiabank increased their price target on Colliers International Group from $155.00 to $170.00 and gave the stock a "sector outperform" rating in a research report on Friday, August 1st. Finally, National Bankshares lifted their target price on Colliers International Group from $169.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $172.30.

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.