Ieq Capital LLC Increases Stake in CBRE Group, Inc. (NYSE:CBRE)

Ieq Capital LLC increased its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 104.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 61,402 shares of the financial services provider's stock after purchasing an additional 31,440 shares during the period. Ieq Capital LLC's holdings in CBRE Group were worth $8,061,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CBRE. Canton Hathaway LLC purchased a new position in shares of CBRE Group during the third quarter worth about $27,000. Ashton Thomas Securities LLC bought a new stake in CBRE Group during the third quarter valued at approximately $32,000. Catalyst Capital Advisors LLC grew its stake 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 buying an additional 238 shares in the last quarter. CENTRAL TRUST Co increased its holdings in shares of CBRE Group by 165.9% in the 4th quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider's stock worth $64,000 after buying an additional 302 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of CBRE Group by 3,969.2% during the 4th quarter. Versant Capital Management Inc now owns 529 shares of the financial services provider's stock valued at $69,000 after buying an additional 516 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CBRE has been the topic of a number of research analyst reports. Citigroup increased their target price on CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Morgan Stanley increased their price objective on CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a research report on Wednesday. The Goldman Sachs Group began coverage on CBRE Group in a research report on Friday, December 6th. They issued a "buy" rating and a $176.00 target price for the company. Jefferies Financial Group upgraded shares of CBRE Group from a "hold" rating to a "buy" rating and increased their price target for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.89.

CBRE Group Trading Down 4.2 %

Shares of CBRE Group stock traded down $5.95 on Friday, hitting $135.72. The stock had a trading volume of 1,481,086 shares, compared to its average volume of 1,837,485. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The stock's 50-day simple moving average is $136.53 and its two-hundred day simple moving average is $128.46. The stock has a market cap of $40.72 billion, a price-to-earnings ratio of 43.22 and a beta of 1.39.

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

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.