Blue Trust Inc. Trims Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Blue Trust Inc. lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 27.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,771 shares of the financial services provider's stock after selling 2,614 shares during the period. Blue Trust Inc.'s holdings in CBRE Group were worth $889,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in CBRE Group by 85.6% in the third 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 acquired a new position in shares of CBRE Group in the 4th quarter valued at $175,978,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of CBRE Group by 60.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider's stock worth $329,320,000 after purchasing an additional 993,963 shares during the period. State Street Corp boosted its stake in CBRE Group by 5.4% during the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider's stock worth $1,672,204,000 after buying an additional 692,697 shares during the period. Finally, Jennison Associates LLC increased its holdings in CBRE Group by 88.6% in the 4th quarter. Jennison Associates LLC now owns 716,086 shares of the financial services provider's stock valued at $94,015,000 after purchasing an additional 336,359 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Raymond James downgraded CBRE Group from a "strong-buy" rating to an "outperform" rating and dropped their target price for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Evercore ISI cut their target price on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Keefe, Bruyette & Woods lifted their price target on shares of CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a research note on Friday, February 14th. Citigroup boosted their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. raised shares of CBRE Group from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $149.89.

CBRE Group Stock Performance

NYSE CBRE traded down $1.87 during trading hours on Thursday, hitting $141.81. The company had a trading volume of 1,514,369 shares, compared to its average volume of 1,848,287. The business has a 50 day moving average of $136.49 and a 200-day moving average of $128.37. The company has a market cap of $42.55 billion, a PE ratio of 45.16 and a beta of 1.39. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. 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 announced its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating 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, equities research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current 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.