Chase Investment Counsel Corp Makes New $515,000 Investment in CBRE Group, Inc. (NYSE:CBRE)

Chase Investment Counsel Corp bought a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 3,923 shares of the financial services provider's stock, valued at approximately $515,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Canton Hathaway LLC acquired a new position in CBRE Group during the third quarter worth $27,000. Denver PWM LLC acquired a new stake in shares of CBRE Group in the 4th quarter worth about $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of CBRE Group in the 3rd quarter worth about $32,000. Catalyst Capital Advisors LLC lifted its position in CBRE Group by 190.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 238 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its stake in CBRE Group by 165.9% during the 4th quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider's stock valued at $64,000 after purchasing an additional 302 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Performance

NYSE CBRE traded up $2.77 during trading hours on Wednesday, reaching $142.36. 2,144,384 shares of the company were exchanged, compared to its average volume of 1,863,353. The stock has a market capitalization of $42.71 billion, a P/E ratio of 45.34 and a beta of 1.39. 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 1 year low of $84.24 and a 1 year high of $147.75. The business's 50 day simple moving average is $137.68 and its 200-day simple moving average is $130.44.

Remove Ads

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly 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%. On average, equities research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on CBRE. The Goldman Sachs Group initiated coverage on CBRE Group in a research note on Friday, December 6th. They issued a "buy" rating and a $176.00 price objective for the company. Citigroup raised their price objective on CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, November 25th. 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 report on Monday, December 16th. Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $142.00 to $145.00 and gave the company a "market perform" rating in a report on Friday, February 14th. Finally, Morgan Stanley raised their price target on shares of CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CBRE Group presently has an average rating of "Moderate Buy" and a consensus price target 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.