Asset Management One Co. Ltd. Has $14.96 Million Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Asset Management One Co. Ltd. reduced its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 114,501 shares of the financial services provider's stock after selling 4,422 shares during the period. Asset Management One Co. Ltd.'s holdings in CBRE Group were worth $14,957,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Avestar Capital LLC acquired a new position in shares of CBRE Group during the 4th quarter worth about $267,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of CBRE Group during the 4th quarter worth about $1,132,000. Summit Trail Advisors LLC increased its stake in shares of CBRE Group by 46.5% during the 4th quarter. Summit Trail Advisors LLC now owns 3,214 shares of the financial services provider's stock worth $422,000 after purchasing an additional 1,020 shares during the last quarter. Savant Capital LLC increased its stake in shares of CBRE Group by 19.0% during the 4th quarter. Savant Capital LLC now owns 6,875 shares of the financial services provider's stock worth $903,000 after purchasing an additional 1,098 shares during the last quarter. Finally, Kestra Private Wealth Services LLC increased its stake in shares of CBRE Group by 119.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 5,428 shares of the financial services provider's stock worth $713,000 after purchasing an additional 2,959 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Stock Performance

NYSE CBRE traded down $1.87 during trading on Thursday, reaching $141.81. The company's stock had a trading volume of 1,514,369 shares, compared to its average volume of 1,848,275. 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 firm has a market capitalization of $42.55 billion, a price-to-earnings ratio of 45.16 and a beta of 1.39. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The firm has a 50 day moving average price of $136.49 and a 200 day moving average price of $128.37.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) 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 analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CBRE shares. The Goldman Sachs Group started coverage on shares of CBRE Group in a research note on Friday, December 6th. They set a "buy" rating and a $176.00 price objective on the stock. Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $142.00 to $145.00 and gave the company a "market perform" rating in a research note on Friday, February 14th. Jefferies Financial Group upgraded shares of CBRE Group from a "hold" rating to a "buy" rating and upped their price target for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Raymond James lowered shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and decreased their price target for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Finally, Morgan Stanley upped their price target on shares of CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.