Alberta Investment Management Corp Reduces Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Alberta Investment Management Corp trimmed its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,700 shares of the financial services provider's stock after selling 3,200 shares during the period. Alberta Investment Management Corp's holdings in CBRE Group were worth $4,424,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Gilbert & Cook Inc. raised its stake in shares of CBRE Group by 1.4% during the fourth quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider's stock valued at $715,000 after acquiring an additional 75 shares during the last quarter. Lindbrook Capital LLC raised its stake in shares of CBRE Group by 4.7% during the third quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider's stock valued at $218,000 after acquiring an additional 79 shares during the last quarter. Stephens Inc. AR raised its stake in shares of CBRE Group by 3.1% during the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider's stock valued at $329,000 after acquiring an additional 80 shares during the last quarter. Fidelis Capital Partners LLC raised its stake in CBRE Group by 2.1% in the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider's stock worth $492,000 after buying an additional 82 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in CBRE Group by 1.2% in the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider's stock worth $957,000 after buying an additional 90 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Down 4.3 %

Shares of NYSE CBRE traded down $6.04 on Friday, reaching $135.63. 682,500 shares of the company's stock traded hands, compared to its average volume of 1,812,152. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The business's 50 day simple moving average is $136.53 and its two-hundred day simple moving average is $128.46. The company has a market cap of $40.70 billion, a price-to-earnings ratio of 43.16 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating 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, equities research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CBRE shares. Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and increased their price target for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods increased 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 note on Friday, February 14th. JPMorgan Chase & Co. raised shares of CBRE Group from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Raymond James downgraded 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 note on Friday, January 24th. Finally, Morgan Stanley increased their price target on shares of CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, CBRE Group presently has an average rating of "Moderate Buy" and an average price target of $149.89.

CBRE Group Company 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.