Dana Investment Advisors Inc. Cuts Stake in CBRE Group, Inc. (NYSE:CBRE)

Dana Investment Advisors Inc. decreased its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 11.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 32,800 shares of the financial services provider's stock after selling 4,218 shares during the period. Dana Investment Advisors Inc.'s holdings in CBRE Group were worth $4,306,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in CBRE Group in the 4th quarter valued at approximately $25,000. Canton Hathaway LLC acquired a new position in shares of CBRE Group in the third quarter worth $27,000. Denver PWM LLC purchased a new stake in shares of CBRE Group in the fourth quarter valued at $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of CBRE Group in the third quarter valued at $32,000. Finally, Catalyst Capital Advisors LLC boosted its stake in shares of CBRE Group by 190.4% during the fourth 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 during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

CBRE Group Trading Down 2.4 %

Shares of CBRE stock traded down $3.15 on Friday, reaching $130.51. 2,611,263 shares of the stock were exchanged, compared to its average volume of 1,882,451. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The stock has a market cap of $39.16 billion, a P/E ratio of 41.56 and a beta of 1.42. The firm has a 50 day moving average of $137.91 and a two-hundred day moving average of $130.67. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75.

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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 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Citigroup upped their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a report on Monday, November 25th. Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and upped their price objective for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a "buy" rating and a $176.00 target price on the stock. Evercore ISI cut their price target on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a report on Monday, January 13th. Finally, Keefe, Bruyette & Woods increased their price target on CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a research note on Friday, February 14th. Three investment 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 stock. Based on data from MarketBeat.com, CBRE Group presently has a consensus rating of "Moderate Buy" and an average price target of $149.89.

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.