CIBC Asset Management Inc raised its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,526 shares of the financial services provider's stock after buying an additional 2,716 shares during the period. CIBC Asset Management Inc's holdings in CBRE Group were worth $6,896,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of CBRE. Exchange Traded Concepts LLC increased its holdings in CBRE Group by 680.0% in the third quarter. Exchange Traded Concepts LLC now owns 624 shares of the financial services provider's stock worth $78,000 after buying an additional 544 shares during the last quarter. Creative Planning grew its position in CBRE Group by 5.9% in the third quarter. Creative Planning now owns 37,804 shares of the financial services provider's stock worth $4,706,000 after acquiring an additional 2,092 shares in the last quarter. OLD National Bancorp IN acquired a new position in CBRE Group during the third quarter worth $230,000. Signaturefd LLC lifted its position in shares of CBRE Group by 5.2% in the third quarter. Signaturefd LLC now owns 4,975 shares of the financial services provider's stock worth $619,000 after buying an additional 246 shares during the last quarter. Finally, Waldron Private Wealth LLC bought a new stake in shares of CBRE Group during the 3rd quarter worth about $203,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.
CBRE Group Stock Performance
CBRE Group stock traded down $5.95 during trading hours on Friday, hitting $135.72. The stock had a trading volume of 1,481,086 shares, compared to its average volume of 1,785,516. The company has a 50-day moving average of $136.50 and a two-hundred day moving average of $128.66. 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, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The company has a market cap of $40.72 billion, a PE ratio of 43.22 and a beta of 1.39.
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, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. On average, equities research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on CBRE shares. Citigroup boosted their target price on CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, November 25th. JPMorgan Chase & Co. raised shares of CBRE Group from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. The Goldman Sachs Group assumed coverage on CBRE Group in a research report on Friday, December 6th. They issued a "buy" rating and a $176.00 price target on the stock. Jefferies Financial Group raised CBRE Group from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods raised their target price on CBRE Group from $142.00 to $145.00 and gave the company a "market perform" rating in a report on Friday, February 14th. Three investment 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $149.89.
Check Out Our Latest Analysis on CBRE Group
About CBRE Group
(
Free Report)
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.
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