Daiwa Securities Group Inc. Has $8.50 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Daiwa Securities Group Inc. decreased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 13.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,744 shares of the financial services provider's stock after selling 10,180 shares during the quarter. Daiwa Securities Group Inc.'s holdings in CBRE Group were worth $8,500,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CBRE. SBI Securities Co. Ltd. acquired a new stake in shares of CBRE Group during the 4th quarter worth about $25,000. Canton Hathaway LLC acquired a new stake in CBRE Group during the third quarter worth approximately $27,000. Denver PWM LLC acquired a new stake in CBRE Group during the fourth quarter worth approximately $29,000. Ashton Thomas Securities LLC bought a new stake in shares of CBRE Group during the third quarter worth approximately $32,000. Finally, Larson Financial Group LLC grew its position in shares of CBRE Group by 610.9% in the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 281 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Performance

Shares of NYSE:CBRE opened at $125.81 on Wednesday. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The stock has a market capitalization of $37.75 billion, a price-to-earnings ratio of 40.07 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The company's 50 day simple moving average is $137.72 and its 200 day simple moving average is $131.09.

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CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping 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, research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analysts Set New Price Targets

CBRE has been the subject of several research reports. Keefe, Bruyette & Woods lifted their price target on CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a report on Friday, February 14th. Citigroup boosted their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Raymond James cut shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Morgan Stanley increased their target price 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. Finally, Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and raised their target price for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Three 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 has a consensus 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.

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