QRG Capital Management Inc. Acquires 3,022 Shares of CBRE Group, Inc. (NYSE:CBRE)

QRG Capital Management Inc. boosted its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 1.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 234,371 shares of the financial services provider's stock after purchasing an additional 3,022 shares during the period. QRG Capital Management Inc. owned about 0.08% of CBRE Group worth $30,771,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CBRE. Gilbert & Cook Inc. grew its position in shares of CBRE Group by 1.4% during the 4th quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider's stock worth $715,000 after buying an additional 75 shares during the period. Lindbrook Capital LLC lifted its stake in CBRE Group by 4.7% in the third quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider's stock valued at $218,000 after buying an additional 79 shares during the period. Stephens Inc. AR boosted its holdings in CBRE Group by 3.1% during the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider's stock worth $329,000 after buying an additional 80 shares during the last quarter. Fidelis Capital Partners LLC boosted its holdings in CBRE Group by 2.1% during 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 during the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of CBRE Group by 1.2% in the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider's stock valued at $957,000 after buying an additional 90 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of brokerages recently commented on CBRE. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a report on Friday, February 14th. Jefferies Financial Group upgraded CBRE Group from a "hold" rating to a "buy" rating and boosted their price target for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Citigroup increased their price objective on CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Morgan Stanley lifted their target price on CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Finally, Raymond James downgraded shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the company from $155.00 to $152.00 in a report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $149.89.

CBRE Group Stock Performance

Shares of CBRE stock traded down $1.38 on Monday, hitting $140.56. The company's stock had a trading volume of 1,333,718 shares, compared to its average volume of 1,842,598. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The company has a market capitalization of $42.17 billion, a PE ratio of 44.76 and a beta of 1.39. The stock's 50 day moving average is $137.32 and its 200-day moving average is $130.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its 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 2.71% and a return on equity of 16.96%. Equities research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.