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

A number of other hedge funds have also modified their holdings of CIGI. Central Pacific Bank Trust Division boosted its holdings 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 valued at $133,000 after acquiring an additional 100 shares during the period. TCTC Holdings LLC boosted its holdings in Colliers International Group by 114.9% during the first quarter. TCTC Holdings LLC now owns 217 shares of the financial services provider's stock worth $26,000 after buying an additional 116 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in shares of Colliers International Group by 0.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 34,425 shares of the financial services provider's stock valued at $4,681,000 after purchasing an additional 151 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Colliers International Group by 13.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,435 shares of the financial services provider's stock worth $174,000 after buying an additional 175 shares during the last quarter. Finally, Vista Finance LLC increased its stake in Colliers International Group by 7.0% during the first quarter. Vista Finance LLC now owns 2,953 shares of the financial services provider's stock worth $358,000 after acquiring an additional 193 shares during the last quarter. 80.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on CIGI. Citizens Jmp initiated coverage on Colliers International Group in a research note on Monday, July 21st. They set a "market perform" rating for the company. JPMorgan Chase & Co. upped their price objective on Colliers International Group from $137.00 to $181.00 and gave the company a "neutral" rating in a report on Tuesday, August 26th. Scotiabank raised their target price on shares of Colliers International Group from $155.00 to $170.00 and gave the stock a "sector outperform" rating in a report on Friday, August 1st. Royal Bank Of Canada increased their target price on shares of Colliers International Group from $175.00 to $185.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Finally, Stifel Nicolaus upped their price objective on shares of Colliers International Group from $165.00 to $180.00 and gave the stock a "buy" 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 five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $172.30.

Colliers International Group Trading Up 2.1%

CIGI traded up $3.38 during midday trading on Thursday, reaching $164.22. 84,002 shares of the company were exchanged, compared to its average volume of 134,251. The stock's 50-day simple moving average is $148.54 and its 200 day simple moving average is $131.36. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $8.13 billion, a P/E ratio of 74.63 and a beta of 1.41. Colliers International Group Inc. has a one year low of $100.86 and a one year high of $170.65.

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

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.