CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Hosking Partners LLP

Hosking Partners LLP lowered its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 569,327 shares of the financial services provider's stock after selling 11,344 shares during the quarter. CBRE Group comprises about 2.9% of Hosking Partners LLP's investment portfolio, making the stock its 7th largest position. Hosking Partners LLP owned 0.19% of CBRE Group worth $74,747,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CBRE. Algert Global LLC acquired a new position in CBRE Group during the 3rd quarter worth about $1,829,000. Hudson Valley Investment Advisors Inc. ADV bought a new position in shares of CBRE Group in the fourth quarter worth about $1,518,000. Merit Financial Group LLC acquired a new position in shares of CBRE Group during the fourth quarter worth approximately $256,000. Fulton Bank N.A. grew its stake in shares of CBRE Group by 342.0% during the fourth quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider's stock valued at $3,262,000 after purchasing an additional 19,227 shares during the last quarter. Finally, Prestige Wealth Management Group LLC increased its holdings in shares of CBRE Group by 17,304.5% in the third quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider's stock valued at $477,000 after purchasing an additional 3,807 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

Analysts Set New Price Targets

CBRE has been the topic of several research reports. The Goldman Sachs Group initiated coverage on CBRE Group in a report on Friday, December 6th. They set a "buy" rating and a $176.00 price objective on the stock. Morgan Stanley upped their price target on CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a research report on Friday, February 14th. Evercore ISI dropped their price objective 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, Raymond James lowered shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and reduced their target price for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $149.89.

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CBRE Group Trading Down 0.7 %

Shares of CBRE Group stock traded down $0.98 during trading on Tuesday, hitting $139.64. 2,386,410 shares of the company were exchanged, compared to its average volume of 1,835,290. 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 firm has a market capitalization of $41.90 billion, a P/E ratio of 44.47 and a beta of 1.39. The firm's fifty day moving average price is $137.52 and its 200 day moving average price is $130.25. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping 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%. As a group, sell-side analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

CBRE Group Company 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.