Hsbc Holdings PLC Purchases Shares of 3,240 Colliers International Group Inc. (NASDAQ:CIGI)

Hsbc Holdings PLC bought a new stake in Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,240 shares of the financial services provider's stock, valued at approximately $438,000.

A number of other institutional investors have also modified their holdings of CIGI. State of Tennessee Department of Treasury purchased a new position in Colliers International Group during the fourth quarter worth about $1,918,000. Tower Research Capital LLC TRC raised its stake in shares of Colliers International Group by 1,752.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 315 shares of the financial services provider's stock worth $43,000 after buying an additional 298 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Colliers International Group by 69.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 29,719 shares of the financial services provider's stock valued at $3,942,000 after buying an additional 12,207 shares during the period. First Trust Advisors LP purchased a new stake in shares of Colliers International Group in the fourth quarter valued at approximately $522,000. Finally, CANADA LIFE ASSURANCE Co grew its holdings in Colliers International Group by 47.0% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 16,775 shares of the financial services provider's stock worth $2,212,000 after acquiring an additional 5,367 shares during the period. Institutional investors and hedge funds own 80.09% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on CIGI. The Goldman Sachs Group decreased their target price on shares of Colliers International Group from $165.00 to $145.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Stifel Nicolaus dropped their target price on shares of Colliers International Group from $165.00 to $160.00 and set a "buy" rating for the company in a report on Monday, April 28th. William Blair reissued an "outperform" rating on shares of Colliers International Group in a research note on Friday, February 28th. BMO Capital Markets dropped their price objective on Colliers International Group from $177.00 to $172.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. Finally, CIBC began coverage on Colliers International Group in a research report on Tuesday, March 4th. They set a "sector outperform" rating and a $160.00 target price on the stock. Four research 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $160.80.

Colliers International Group Trading Up 0.4 %

NASDAQ:CIGI traded up $0.48 on Friday, reaching $123.65. The stock had a trading volume of 98,825 shares, compared to its average volume of 114,537. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 38.76 and a beta of 1.38. Colliers International Group Inc. has a 12-month low of $100.86 and a 12-month high of $156.96. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.06 and a quick ratio of 1.06. The firm's fifty day moving average is $118.83 and its two-hundred day moving average is $133.48.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its earnings results on Tuesday, May 6th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.04). The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates 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 last year, the business posted $0.77 EPS. Equities analysts expect that Colliers International Group Inc. will post 6.2 EPS for the current fiscal year.

Colliers International Group 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.