Cookson Peirce & Co. Inc. Buys Shares of 5,031 CBRE Group, Inc. (NYSE:CBRE)

Cookson Peirce & Co. Inc. purchased a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,031 shares of the financial services provider's stock, valued at approximately $661,000.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of CBRE Group in the 4th quarter valued at about $25,000. Canton Hathaway LLC bought a new position in shares of CBRE Group in the 3rd quarter valued at about $27,000. Denver PWM LLC purchased a new stake in CBRE Group in the 4th quarter worth about $29,000. Ashton Thomas Securities LLC purchased a new stake in CBRE Group in the 3rd quarter worth about $32,000. Finally, Catalyst Capital Advisors LLC raised 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 worth $48,000 after purchasing an additional 238 shares during the period. Institutional investors own 98.41% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research report on Friday, December 6th. They issued a "buy" rating and a $176.00 price objective on the stock. Morgan Stanley increased their price objective 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. Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and increased their price objective for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Citigroup increased their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a research report on Friday, February 14th. Three equities 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 company. According to data from MarketBeat.com, CBRE Group presently has an average rating of "Moderate Buy" and a consensus price target of $149.89.

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CBRE Group Trading Down 2.4 %

Shares of NYSE:CBRE traded down $3.15 during trading on Friday, reaching $130.51. 2,611,263 shares of the company were exchanged, compared to its average volume of 1,882,451. The firm has a market capitalization of $39.16 billion, a PE ratio of 41.56 and a beta of 1.42. The business's fifty day simple moving average is $137.91 and its 200-day simple moving average is $130.67. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating 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, research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

CBRE Group 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.