Candriam S.C.A. Purchases 136,897 Shares of CBRE Group, Inc. (NYSE:CBRE)

Candriam S.C.A. raised its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 273.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 186,936 shares of the financial services provider's stock after acquiring an additional 136,897 shares during the quarter. Candriam S.C.A. owned about 0.06% of CBRE Group worth $24,543,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of CBRE Group in the fourth quarter worth $25,000. Canton Hathaway LLC acquired a new stake in shares of CBRE Group in the third quarter worth $27,000. Denver PWM LLC acquired a new stake in shares of CBRE Group in the fourth quarter worth $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of CBRE Group in the third quarter worth $32,000. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of CBRE Group by 190.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock worth $48,000 after buying an additional 238 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Stock Performance

CBRE Group stock traded down $3.15 on Friday, hitting $130.51. The company's stock had a trading volume of 2,611,263 shares, compared to its average volume of 1,882,451. The firm has a market cap of $39.16 billion, a P/E ratio of 41.56 and a beta of 1.42. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $137.91 and a 200-day moving average price of $130.67. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75.

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

Wall Street Analyst Weigh In

Several research firms recently commented on CBRE. JPMorgan Chase & Co. upgraded shares of CBRE Group from a "neutral" rating to an "overweight" rating and upped their target price for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Citigroup upped their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Keefe, Bruyette & Woods upped their target price 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. Raymond James cut shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and cut their target price for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Finally, Evercore ISI cut their target price on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently 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.