Chevy Chase Trust Holdings LLC Lowers Stake in CBRE Group, Inc. (NYSE:CBRE)

Chevy Chase Trust Holdings LLC decreased its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 2.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 159,487 shares of the financial services provider's stock after selling 3,659 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of CBRE Group worth $20,939,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. FMR LLC boosted its position in CBRE Group by 85.6% during the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider's stock valued at $944,435,000 after buying an additional 3,498,244 shares during the period. Manning & Napier Advisors LLC purchased a new stake in shares of CBRE Group in the 4th quarter worth about $175,978,000. Robeco Institutional Asset Management B.V. lifted its position in shares of CBRE Group by 60.2% in 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 lifted its position in shares of CBRE Group by 5.4% in the 3rd quarter. State Street Corp now owns 13,433,513 shares of the financial services provider's stock worth $1,672,204,000 after purchasing an additional 692,697 shares during the period. Finally, Jennison Associates LLC lifted its position in shares of CBRE Group by 88.6% in the 4th quarter. Jennison Associates LLC now owns 716,086 shares of the financial services provider's stock worth $94,015,000 after purchasing an additional 336,359 shares during the period. Hedge funds and other institutional investors own 98.41% of the company's stock.

CBRE Group Stock Performance

Shares of CBRE stock traded down $0.18 during trading hours on Wednesday, reaching $143.62. The company had a trading volume of 1,470,366 shares, compared to its average volume of 1,856,139. The business has a fifty day moving average price of $136.37 and a 200-day moving average price of $128.26. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The firm has a market cap of $43.95 billion, a PE ratio of 45.74 and a beta of 1.39. 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 posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. Sell-side analysts predict that CBRE Group, Inc. will post 6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CBRE shares. Keefe, Bruyette & Woods increased 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. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research note on Friday, December 6th. They issued a "buy" rating and a $176.00 price target for the company. Jefferies Financial Group upgraded shares of CBRE Group from a "hold" rating to a "buy" rating and raised their price objective for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Evercore ISI reduced their price objective on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. upgraded shares of CBRE Group from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, CBRE Group currently has an average rating of "Moderate Buy" and a consensus target price of $149.89.

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.