Kestra Private Wealth Services LLC Acquires 2,959 Shares of CBRE Group, Inc. (NYSE:CBRE)

Kestra Private Wealth Services LLC grew its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 119.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,428 shares of the financial services provider's stock after buying an additional 2,959 shares during the period. Kestra Private Wealth Services LLC's holdings in CBRE Group were worth $713,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CBRE. Canton Hathaway LLC bought a new position in shares of CBRE Group during the third quarter worth approximately $27,000. Ashton Thomas Securities LLC bought a new position in shares of CBRE Group during the third quarter worth approximately $32,000. Wolff Wiese Magana LLC increased its stake in shares of CBRE Group by 2,830.0% during the third 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 during the period. Asset Dedication LLC bought a new position in shares of CBRE Group during the third quarter worth approximately $40,000. Finally, CENTRAL TRUST Co increased its stake 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 acquiring an additional 302 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Trading Down 0.2 %

CBRE traded down $0.23 during midday trading on Tuesday, hitting $143.50. 590,868 shares of the company were exchanged, compared to its average volume of 1,832,323. The firm has a market capitalization of $43.91 billion, a P/E ratio of 46.13 and a beta of 1.39. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The firm's 50 day moving average price is $136.21 and its 200-day moving average price is $128.02. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. As a group, equities analysts forecast that CBRE Group, Inc. will post 4.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Citigroup raised their price objective on CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Raymond James downgraded 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 report on Friday, January 24th. Morgan Stanley raised CBRE Group from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $115.00 to $160.00 in a report on Wednesday, January 15th. JPMorgan Chase & Co. raised CBRE Group from a "neutral" rating to an "overweight" rating and raised their target price for the company from $120.00 to $163.00 in a report on Monday, December 16th. Finally, Jefferies Financial Group raised CBRE Group from a "hold" rating to a "buy" rating and raised their target price for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, CBRE Group presently has an average rating of "Moderate Buy" and an average price target of $149.33.

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.