C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $1.13 Million in CBRE Group, Inc. (NYSE:CBRE)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,625 shares of the financial services provider's stock, valued at approximately $1,132,000.

A number of other institutional investors have also made changes to their positions in CBRE. Exchange Traded Concepts LLC raised its stake in shares of CBRE Group by 680.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 624 shares of the financial services provider's stock valued at $78,000 after acquiring an additional 544 shares in the last quarter. Creative Planning lifted its position 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 worth $4,706,000 after buying an additional 2,092 shares during the period. Bleakley Financial Group LLC lifted its position 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 worth $603,000 after buying an additional 314 shares during the period. OLD National Bancorp IN bought a new position in shares of CBRE Group during the 3rd quarter worth approximately $230,000. Finally, Signaturefd LLC raised its position in CBRE Group by 5.2% in the 3rd quarter. Signaturefd LLC now owns 4,975 shares of the financial services provider's stock valued at $619,000 after purchasing an additional 246 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Trading Down 4.2 %

Shares of CBRE Group stock traded down $5.95 during trading on Friday, reaching $135.72. 1,481,086 shares of the company were exchanged, compared to its average volume of 1,837,485. 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, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The business has a 50-day moving average price of $136.53 and a 200-day moving average price of $128.46. The firm has a market capitalization of $40.72 billion, a price-to-earnings ratio of 43.22 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 return on equity of 16.96% and a net margin of 2.71%. Sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods lifted 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. Raymond James downgraded CBRE Group from a "strong-buy" rating to an "outperform" rating and cut their price objective for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Jefferies Financial Group upgraded CBRE Group from a "hold" rating to a "buy" rating and boosted their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Citigroup boosted their target price on CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Finally, Evercore ISI dropped their target price on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, CBRE Group presently has a consensus rating of "Moderate Buy" and a consensus 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.