Advisor OS LLC Sells 15,810 Shares of CBRE Group, Inc. (NYSE:CBRE)

Advisor OS LLC lessened its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 85.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,616 shares of the financial services provider's stock after selling 15,810 shares during the period. Advisor OS LLC's holdings in CBRE Group were worth $343,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of CBRE Group by 85.6% in the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider's stock valued at $944,435,000 after acquiring an additional 3,498,244 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in CBRE Group in the fourth quarter valued at about $175,978,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of CBRE Group by 60.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider's stock valued at $329,320,000 after purchasing an additional 993,963 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of CBRE Group by 1,499.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,059,960 shares of the financial services provider's stock worth $139,162,000 after purchasing an additional 993,687 shares during the last quarter. Finally, State Street Corp increased its stake in shares of CBRE Group by 5.4% in the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider's stock valued at $1,672,204,000 after buying an additional 692,697 shares during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

Remove Ads

CBRE Group Trading Down 1.0 %

CBRE traded down $1.38 during trading on Monday, hitting $140.56. The company's stock had a trading volume of 1,333,713 shares, compared to its average volume of 1,841,758. The firm has a market capitalization of $42.17 billion, a P/E ratio of 44.76 and a beta of 1.39. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The stock's fifty day moving average price is $137.32 and its 200-day moving average price is $130.03. 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 (NYSE:CBRE - Get Free Report) last issued its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping 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%. Analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on CBRE shares. Morgan Stanley lifted their target price on shares of CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $142.00 to $145.00 and gave the company a "market perform" rating in a report on Friday, February 14th. Jefferies Financial Group raised CBRE Group from a "hold" rating to a "buy" rating and raised their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Citigroup upped their price target on CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Finally, Evercore ISI lowered their price objective 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 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.