Private Advisor Group LLC lessened its holdings in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) by 4.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,353 shares of the financial services provider’s stock after selling 335 shares during the period. Private Advisor Group LLC’s holdings in CBRE Group were worth $965,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC increased its holdings in CBRE Group by 85.6% in the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock valued at $944,435,000 after purchasing an additional 3,498,244 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of CBRE Group in the 4th quarter valued at about $175,978,000. Robeco Institutional Asset Management B.V. raised its position in shares of CBRE Group by 60.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock valued at $329,320,000 after acquiring an additional 993,963 shares during the period. State Street Corp boosted its stake in CBRE Group by 5.4% during the 3rd quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock worth $1,672,204,000 after acquiring an additional 692,697 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in CBRE Group by 88.6% during the 4th quarter. Jennison Associates LLC now owns 716,086 shares of the financial services provider’s stock worth $94,015,000 after acquiring an additional 336,359 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.
CBRE Group Trading Up 1.5 %
NYSE CBRE opened at $141.89 on Friday. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The stock’s 50 day moving average price is $137.32 and its two-hundred day moving average price is $129.76. The stock has a market capitalization of $42.57 billion, a price-to-earnings ratio of 45.19 and a beta of 1.39.
CBRE Group (NYSE:CBRE – Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. As a group, analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
CBRE has been the topic of several analyst reports. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $120.00 to $163.00 in a report on Monday, December 16th. The Goldman Sachs Group began coverage on CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 price objective on the stock. Citigroup boosted their target price on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Jefferies Financial Group raised CBRE Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.
View Our Latest Stock Report on CBRE Group
CBRE Group Profile
(Free Report)
CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.
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