Y Intercept Hong Kong Ltd Takes Position in CBRE Group, Inc. (NYSE:CBRE)

Y Intercept Hong Kong Ltd purchased a new position in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,681 shares of the financial services provider's stock, valued at approximately $746,000.

Several other large investors also recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in shares of CBRE Group by 85.6% during the 3rd 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 acquired a new stake in CBRE Group during the fourth quarter worth about $175,978,000. Robeco Institutional Asset Management B.V. lifted its holdings in CBRE Group by 60.2% in the third 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 raised its holdings in CBRE Group by 5.4% in 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 purchasing an additional 692,697 shares during the period. Finally, Jennison Associates LLC lifted its holdings in CBRE Group by 88.6% during the fourth quarter. Jennison Associates LLC now owns 716,086 shares of the financial services provider's stock valued at $94,015,000 after purchasing an additional 336,359 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Performance

Shares of NYSE CBRE traded down $0.33 during midday trading on Tuesday, reaching $140.29. 1,149,486 shares of the company were exchanged, compared to its average volume of 1,825,453. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $137.52 and a 200 day simple moving average of $130.25. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The stock has a market cap of $42.09 billion, a P/E ratio of 44.71 and a beta of 1.39.

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CBRE Group (NYSE:CBRE - Get Free Report) last issued its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. On average, research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Raymond James lowered shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. The Goldman Sachs Group started coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a "buy" rating and a $176.00 price target on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the company a "market perform" rating in a report on Friday, February 14th. Evercore ISI dropped their price objective on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Finally, Citigroup increased their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Three equities 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $149.89.

CBRE Group Profile

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.