C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases New Holdings in CBRE Group, Inc. (NYSE:CBRE)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 8,625 shares of the financial services provider's stock, valued at approximately $1,132,000.

Other institutional investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC grew its stake in shares of CBRE Group by 680.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 624 shares of the financial services provider's stock valued at $78,000 after buying an additional 544 shares during the period. Creative Planning grew its stake in shares of CBRE Group by 5.9% during the 3rd quarter. Creative Planning now owns 37,804 shares of the financial services provider's stock valued at $4,706,000 after buying an additional 2,092 shares during the period. Asset Dedication LLC purchased a new stake in shares of CBRE Group during the 3rd quarter valued at $40,000. Wolff Wiese Magana LLC grew its stake in shares of CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider's stock valued at $36,000 after buying an additional 283 shares during the period. Finally, Bleakley Financial Group LLC grew its stake in shares of CBRE Group by 6.9% during the 3rd quarter. Bleakley Financial Group LLC now owns 4,845 shares of the financial services provider's stock valued at $603,000 after buying an additional 314 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Stock Performance

Shares of NYSE:CBRE traded up $0.76 during trading hours on Monday, hitting $143.89. The stock had a trading volume of 2,078,167 shares, compared to its average volume of 1,865,812. The stock's fifty day simple moving average is $136.08 and its 200 day simple moving average is $127.80. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The firm has a market capitalization of $44.03 billion, a price-to-earnings ratio of 46.27 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. Sell-side analysts anticipate that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Morgan Stanley raised shares of CBRE Group from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $115.00 to $160.00 in a research report on Wednesday, January 15th. Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a research report on Friday. JPMorgan Chase & Co. raised shares of CBRE Group from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Evercore ISI decreased their price target on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Finally, Raymond James cut shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and decreased their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, CBRE Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $149.33.

About CBRE Group

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.