Empowered Funds LLC Has $2.11 Million Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Empowered Funds LLC raised its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 236.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,056 shares of the financial services provider's stock after buying an additional 11,282 shares during the period. Empowered Funds LLC's holdings in CBRE Group were worth $2,108,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Canton Hathaway LLC bought a new position in shares of CBRE Group in the third quarter valued at $27,000. Ashton Thomas Securities LLC purchased a new position in CBRE Group during the 3rd quarter worth approximately $32,000. Wolff Wiese Magana LLC grew its position in CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider's stock worth $36,000 after purchasing an additional 283 shares in the last quarter. Asset Dedication LLC purchased a new position in CBRE Group during the 3rd quarter worth approximately $40,000. Finally, CENTRAL TRUST Co grew its position in CBRE Group by 165.9% during the 4th quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider's stock worth $64,000 after purchasing an additional 302 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on CBRE. Raymond James cut shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Keefe, Bruyette & Woods lifted 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. Morgan Stanley upgraded shares of CBRE Group from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $115.00 to $160.00 in a research report on Wednesday, January 15th. Jefferies Financial Group upgraded shares of CBRE Group from a "hold" rating to a "buy" rating and boosted their price target for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Finally, Citigroup upped their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Three 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $149.33.

CBRE Group Stock Performance

CBRE Group stock traded down $0.26 on Tuesday, reaching $143.47. 590,868 shares of the stock were exchanged, compared to its average volume of 1,832,323. The stock has a market cap of $43.91 billion, a PE ratio of 46.13 and a beta of 1.39. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The firm has a fifty day moving average price of $136.21 and a two-hundred day moving average price of $128.02.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating analysts' consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. Sell-side analysts anticipate that CBRE Group, Inc. will post 4.99 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.