Principal Financial Group Inc. Has $998.04 Million Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Principal Financial Group Inc. increased its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,601,790 shares of the financial services provider's stock after purchasing an additional 177,119 shares during the period. Principal Financial Group Inc. owned approximately 2.48% of CBRE Group worth $998,039,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Canton Hathaway LLC acquired a new stake in CBRE Group during the 3rd quarter worth approximately $27,000. Ashton Thomas Securities LLC acquired a new stake in CBRE Group during the 3rd quarter worth approximately $32,000. CENTRAL TRUST Co lifted its holdings in CBRE Group by 165.9% during the 4th quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider's stock worth $64,000 after purchasing an additional 302 shares during the last quarter. Versant Capital Management Inc raised its holdings in CBRE Group by 3,969.2% in the 4th quarter. Versant Capital Management Inc now owns 529 shares of the financial services provider's stock valued at $69,000 after acquiring an additional 516 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in CBRE Group in the 4th quarter valued at $79,000. 98.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. The Goldman Sachs Group assumed coverage on CBRE Group in a report on Friday, December 6th. They issued a "buy" rating and a $176.00 price objective for the company. JPMorgan Chase & Co. raised CBRE Group from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $120.00 to $163.00 in a report on Monday, December 16th. Citigroup lifted their price objective on CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a report on Monday, November 25th. Evercore ISI decreased their price target on CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Finally, Jefferies Financial Group upgraded CBRE Group from a "hold" rating to a "buy" rating and lifted their price target for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating, seven have assigned 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 a consensus rating of "Moderate Buy" and a consensus price target of $149.89.

CBRE Group Price Performance

CBRE stock traded down $1.87 during midday trading on Thursday, reaching $141.81. 1,514,369 shares of the stock were exchanged, compared to its average volume of 1,848,287. The stock has a market capitalization of $42.55 billion, a PE ratio of 45.16 and a beta of 1.39. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The company has a fifty 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 issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share 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%. As a group, analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

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.